China has not said exactly how much the ambitious plan will cost, but some independent estimates suggest it will run into several trillion dollars. “Building high-quality, sustainable, risk-resistant, reasonably priced, and inclusive infrastructure will help countries to fully utilize their resource endowments,” he added. To turn that vision into a sustainable reality, it must work for everyone involved,” British finance minister Philip Hammond said at the summit. China also aims to import more services and goods, and is willing to import competitive agricultural products and services to achieve trade balance. The United States, which has not joined the Belt and Road, is expected to send only lower-level officials, and nobody from Washington.

Source: Standard Digital April 26, 2019 10:30 UTC