China's President Xi Jinping has outlined an ambitious project to regenerate global growth. His government has pledged a massive $124 billion to bolster global trade the old Silk Road route. President Xi spoke the initiative Sunday a summit attended leaders 29 countries, as well as the heads the United Nations, International Monetary Fund and World Bank. The President stated that the new initiative aimed to expand trading links Asia, Africa, Europe and . He said the project would invest billions of dollars infrastructure to help facilitate the free flow goods. He told attendees the summit that: "Trade is the important engine of economic development."
President Xi said increased global trade would make the world more peaceful. He said: "We should build an open platform cooperation, and uphold and grow an open world economy….We will not re-tread the old path games foes. Instead we will create a new model of cooperation and mutual benefit." Pakistan's Prime Minister Nawaz Sharif was impressed President Xi's "vision and ingenuity". He said: "Such a broad sweep and scale interlocking economic partnerships and investments is unprecedented history. We stand the cusp of a geo-economic revolution." Britain's finance minister told the summit his country was a "natural partner" the project.