In his inaugural speech at the second Belt and Road Forum in Beijing today, Chinese President Xi Jinping sought to address fears that his pet project would benefit only China and lay a debt trap for smaller, developing nations that have come on board. Pitching it as a symbiotic venture guided by a consultative approach, he also spoke about lowering trade tariffs and China’s intent to import more so that other countries benefit as well. SNI’s Editor-in-Chief Nitin A. Gokhale gets us more from the Chinese capital.
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