China hails ‘mutual respect’ as it loops Portugal into belt initiative 0 SHARES Share it! Share TweetBy ReutersLISBON (Reuters) – China will always stick to “mutual respect” in its efforts to deal with global challenges, President Xi Jinping said on Wednesday in Lisbon, where he signed agreements to link Portugal to Beijing’s belt and road initiative. “Even though the world is facing many challenges, China will always adhere to mutual respect and peaceful development, promote peace and stability,” Xi said in a short speech. During Xi’s visit, Portugal and China signed a memorandum of understanding on cooperation on Beijing’s belt and road initiative – which promotes expanding land and sea links between Asia, Africa and Europe, with billions of dollars pledged for infrastructure development. The memorandum on the belt and road initiative covers a wide range of sectors, especially digital connectivity and electric mobility, a statement from the Portuguese prime minister’s office said.

Source: Manila Bulletin December 05, 2018 23:37 UTC