The United States will send a delegation led by White House adviser Matt Pottinger to a summit for China's new Silk Road plan this weekend, China's Foreign Ministry said on Friday.
The high-level plenary session will be followed by 6 parallel meetings in which both Chinese and foreign guests will discuss on 8 cooperation agendas including infrastructure, industrial investment, economic and trade cooperation, energy and resource, financial cooperation, cultural exchanges, ecological environment and marine cooperation.
Deputy Prime Minister and Minister of Finance Krishna Bahadur Mahara and Minister for Foreign Affairs Prakash Sharan Mahat were present during the signing ceremony.
During the summit, Sharif will address a high-level dialogue and the "leaders" roundtable', the PM Office said. He will participate in an investment conference and meet with business and corporate leaders.
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People take pictures in front of a "Golden Bridge on Silk Road" installation, set up ahead of the Belt and Road Forum, outside the National Convention Centre in Beijing May 11, 2017.
OBOR, or the Belt and Road Initiative (BRI), is China's long-term vision for greater connectivity and cooperation among Asian economies. The US and a number of other western countries have either skipped the summit or deputed officials to attend it. China has also rejected suggestions that the new Silk Road is about Beijing trying to dominate the world and mould it to its liking, saying it is good for all and anyone can join.
China will increasingly be a factor in global responses to emerging problems, as illustrated by China's participation in United Nations peacekeeping operations, its expanding counter-terrorism cooperation, and infrastructure construction in Africa and Pakistan as part of the China-Pakistan Economic Corridor, Coats said.
China's economic growth continues to be driven by unsustainable debt accumulation, but Beijing has made limited progress on reforms needed to boost economic efficiencies, he said.