China outlines Silk Road plan for global trade
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China has an ambitious plan to help global trade. President Xi said he will invest $124 billion to increase trade along the old Silk Road. He spoke at a meeting of 29 world leaders, and the heads of the UN, IMF and World Bank. Xi said the project would invest billions of dollars in infrastructure. It would also help to make goods and services flow more freely around the world. He said: "Trade is the important engine of economic development."
President Xi said increased trade and cooperation would make the world more peaceful. He said: "We will create a new model of cooperation and mutual benefit." Pakistan's Prime Minister liked President Xi's "vision". He said the huge scale of the cooperation, economic partnerships and investments were a world first. He called it, "a geo-economic revolution". Britain's finance minister said Britain was a "natural partner" of the project.
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