China to hold second 'Silk Road' summit in two years time

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"We are awaiting a positive response from the Chinese side". "What kind of dialogue is meaningful dialogue?" Connectivity initiatives must follow principles of financial responsibility to avoid projects that would create unsustainable debt burden for communities; balanced ecological and environmental protection and preservation standards; transparent assessment of project costs; and skill and technology transfer to help long term running and maintenance of the assets created by local communities. New Delhi chose to skip the meeting due to its sovereignty concerns - China-Pakistan Economic Corridor passes through Pakistan-occupied Kashmir (PoK).

The Cambodian prime minister offered congratulations on the success of the Belt and Road Forum.

"It is our hope that through the Belt and Road development, we will unleash new forces for global economic growth", Xi told reporters.

Xi also pledged an additional assistance worth 60 billion yuan ($9.5 billion) for developing countries and worldwide organisations participating in the initiative to improve people's well-being over the next three years. The country's minister of economic affairs and energy, Brigitte Zypries, called for greater transparency in tenders, adherence to global standards, and the creation of a level playing field for all companies and countries involved, after expressing concerns that the tenders could all be snapped up by Chinese firms. "You can see the response of the global community towards this forum".

More than 60 countries, with a combined GDP of $21 trillion, have expressed interest in participating in the Belt and Road action plan. "It is not directed at any third parties, not relevant to disputes over territorial sovereignty and does not affect China's position on the Kashmir issue", the statement said.

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China aims at having close ties with all neighbouring states for economic benefit and regional prosperity.

In resolving to uphold the spirit of peace, cooperation, openness, transparency, inclusiveness, equality, mutual learning, mutual benefit, and mutual respect, within the framework and principles of the United Nations Charter and worldwide laws, this initiative provides an excellent model for "win-win" cooperation at the global level.

He said: "Under concerted efforts, we believe the Belt and Road can be built to be peaceful, thriving, pioneering, innovative, and civilised".

"China has welcomed the participation of India in the Belt and Road project".

Liu Zhenmin, vice-foreign minister, said the Cambodian prime minister's visit is "fruitful and of great significance" as the two sides reached wide consensus on jointly building the Belt and Road, infrastructure, maritime cooperation, tourism and trade.

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