Belt and Road photo exhibition opens at United Nations headquarters

China's ambitious new Silk Road plan will help developing countries in South-east Asia to close their infrastructure gaps and improve their productivity and economic growth, bankers and analysts have said.

Many of you may not have heard about the Silk Road Economic Belt.

"The forum will be held from May 14, 15 and we all are looking forward to it", he added.

"Once the agreement is signed, we will start negotiations with Beijing on various sectors included in the OBOR, namely infrastructure (rail, road), investment, trade, commerce, using Chinese and other ports, currency arrangements, financial institutions and others", said Mahat.

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Kathmandu had said that such an agreement would not bode well for a country like Nepal which has a small economy compared to that of China.

A signature initiative of President Xi Jinping, OBOR aims to enhance connectivity and cooperation between China and the rest of Asia and Europe through land and maritime routes.

Maybe the most prominent, and still unresolved, example of a China-Southeast Asia infrastructure deal that soured was the Mytsone Dam project in Myanmar's Kachin State. The region's leaders are thus looking to China's Belt and Road Initiative to help them fund it. It is organised by the Chinese Mission to the United Nations and Xinhua News Agency North America. Discussing the various components of OBOR, he stated that while China describes it in relatively altruistic terms, namely as being based on the principles of mutual benefit and win-win, numerous participating countries and partners like the European Union, remain sceptical.

Estimates of the total investment involved range between $US1.4 trillion and $US6 trillion, depending on which projects are included and the timescale used.

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Such videos represent a broader attempt by the Chinese government to present a friendly image to the world ahead of the One Belt, One Road Forum this weekend, believes Tom Miller, author of the 2017 book "China's Asian Dream: Empire Building Along the New Silk Road".

"We will take the opportunity of visiting China to develop our relations and meet friends, who are working in the cultural field, to increase our cooperation and exchange experiences", he said.

The spokesperson said, as an organiser and host of the forum, China would warmly welcome all the guests from around the world including Pakistan.

Liu Hualong, chairman of China Railway Rolling Stock Corp Ltd, said the country's top railway vehicle maker will deliver the first group of metro cars to Istanbul from its manufacturing facility in Turkey in the second half of this year.

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