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4/26, 6:45 AM (Source: TeleTrader)
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Belt and Road Initiative 'not an exclusive club' - Xi

China's Belt and Road Initiative is "not an exclusive club," the country's President Xi Jinping said during his speech for the opening ceremony of the second Belt and Road Forum for International Cooperation (BRF) in Beijing, vowing to keep the project transparent and to prevent debt risks.

Xi stated it was necessary to "ensure the commercial and fiscal sustainability of all projects so that they will achieve the intended goals as planned," adding the infrastructural undertaking should be done in a "done in a transparent way" and the parties involved should have "zero tolerance for corruption."

Earlier, European Commission Vice President Maros Sefcovic claimed that European companies would gladly take part in China's project but they require more transparency.

Breaking the News / MD