BeijingChina on Thursday asked India to shed its objections and join the ambitious Belt and road initiative. Beijing also reiterated that the projects goal is to promote common prosperity and that it shall not change Chinas stand on peaceful resolution of Kashmir conflict.
We welcome other countries including India to participate in the Belt and Road Initiative (BRI) on the basis of voluntarism, Chinese Foreign Ministry spokesman Geng Shuang told media briefing in Beijing on Thursday. The initiative will not affect Chinas position on relevant issues and our position on relevant initiatives will not be changed, he said. The BRI will bring tangible benefits to those who are participating in the project at an early date, Geng added.
The BRI also includes the USD 50 billion China-Pakistan Economic Corridor. According to a senior CPC official, the Chinese firms have invested USD 560 billion overseas for the project that has been included in Constitution of the ruling Communist Party of China. A massive amount of investment has also been made by host of other countries including Pakistan.
China and India have been on loggerheads over the project as it is being laid through the Pakistan controlled Kashmir. While China calls it a connectivity project, India has raised its reservations about it traversing through the disputed territory. India had also boycotted a high-profile Belt and Road Forum organised by China in May. While the CPEC is highlighted as flagship project, the BRI includes the Bangladesh, China, India and Myanmar (BCIM) Economic Corridor, New Eurasian Land Bridge, China-Mongolia-Russia Economic Corridor, China-Indochina Peninsula Economic Corridor and 21st century Maritime Silk Road.
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