![]() Read more: China tries to allay fears over Belt and Road policy German Economy Minister Peter Altmaier told reporters on the sidelines of the summit that the European Economic Area was keen to sign a memorandum of understanding on the initiative as a whole, rather than as individual states. The five states "unanimously supported the idea of linking the construction of the Eurasian Economic Community" and the Belt and Road, Putin said. The Union groups Russia with Armenia, Belarus, Kazakhstan and Kyrgyzstan in a common market. Russian President Vladimir Putin told the forum that Belt and Road "fit perfectly" with the goals of the Russian-led Eurasian Economic Union. Read more: When in Rome, do as the Chinese do Russian President Vladimir Putin is one of the dozens of leaders attending China's Belt and Road summit Image: picture-alliance/dpa/V. Xi said China would also promote sustainable development "to protect the common home we live in." "We also need to ensure the commercial and fiscal sustainability of all projects so that they will achieve the intended goals as planned," he added. The Chinese leader sought to allay fears about economic burdens and Beijing's growing power, saying the program is "not an exclusive club" and promotes "common development prosperity." ![]() "Everything should be done in a transparent way and we should have zero tolerance for corruption," he said Xi told the audience at the forum that the future of the BRI was "open, green and clean." The leaders of Asian and African countries are expected to urge Beijing to reduce financing costs for Belt and Road projects.EU powers Germany and France sent ministers, but the US has dispatched only a low-level delegation.Russian President Vladimir Putin and Italian Prime Minister Giuseppe Conte are among the headline guests.The three-day forum brings together representatives of more than 100 countries, including 40 heads of state and government seeking to benefit from the projects.Read more: In Italy, China's New Silk Road is not seen as a threat The massive project has proven controversial, with some voicing concerns that it's fueling local corruption and leaves behind debt and environmental damage. He was speaking in Beijing at the start a summit on his grand plans to rebuild the old Silk Road and connect China with Asia, Africa and parts of Europe. China's Belt and Road Initiative (BRI) will have "zero tolerance for corruption" and bring "high-quality" growth to all countries involved, Chinese President Xi Jinping said Friday. ![]()
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