Skip to content
Search

Latest Stories

China's New Silk Road: Hammond to attend, Modi will skip summit

CHINA will gather its friends and allies together for its biggest diplomatic event of the year in May, a summit on its New Silk Road plan, with most Asian leaders due to attend but only one from a G7 nation, the Italian prime minister.

President Xi Jinping has championed what China formally calls the "One Belt, One Road" or OBOR, initiative to build a new Silk Road linking Asia, Africa and Europe, a landmark programme to invest billions of dollars in infrastructure projects including railways, ports and power grids.


China has dedicated $40 billion to a Silk Road Fund and the idea was the driving force behind the establishment of the $50 billion China-backed Asian Infrastructure Investment Bank.

Foreign minister Wang Yi announced on Tuesday (April 18) a list of those attending the conference, including some of China's most reliable allies - Russian president Vladimir Putin, Pakistani prime minister Nawaz Sharif and Cambodian prime minister Hun Sen.

Myanmar's Aung San Suu Kyi, Kazakh president Nursultan Nazarbayev, Malaysian prime minister Najib Razak and Indonesian president Joko Widodo are coming too, all generally good partners of China.

"One Belt, One Road is to date the most important public good China has given to the world, first proposed by China but for all countries to enjoy," Wang said.

"The culture and historical genes of One Belt, One Road come from the old Silk Road, so it takes Eurasia as its main region," he said, adding that representatives of 110 countries would attend.

While China says the New Silk Road is not political, it has run into opposition from India due to a section of it in Pakistan, known as the China-Pakistan Economic Corridor, where some projects run through Kashmir.

Wang dismissed those concerns, saying the Pakistan project had no direct connection to the dispute and India was welcome to participate in the New Silk Road.

"Indian friends have said to us that One Belt, One Road is a very good suggestion," he said.

Nevertheless, India prime minister Narendra Modi was not on the list of leaders attending.

Wang also made no mention of any attendance of officials from Japan, South Korea or North Korea, all countries with which China has strained ties. Nor was there mention of Australia, a strong US ally that has close trade links with China.

The list included only one leader from the Group of Seven (G7) industrialised nations, Italian prime minister Paolo Gentiloni.

Diplomatic sources in Beijing said China had hoped for at least some senior Western leaders to attend, including British prime minister Theresa May, to burnish the plan's credentials and make it less China-centric.

British chancellor Philip Hammond will come as May's representative, while Germany and France are having elections at the time and will send high-level representatives, Wang said.

Wang confirmed Philippine president Rodrigo Duterte as among 28 leaders coming, along with the Spanish, Greek, Hungarian, Serb and Polish prime ministers and Swiss and Czech presidents.

"This is a positive, cooperative agreement, and we don't want to politicise it," Wang told reporters when asked if China was upset at the absence of most major Western leaders.

"This is an economic cooperation forum, an international cooperation platform that everyone is paying attention to, supports and hopes to participate in," he said.

China is sensitive to any suggestion that what it sees as its benign intentions do not have a receptive global audience, especially in Western capitals.

China was privately upset in 2015 after most Western leaders rebuffed invitations to attend a big military parade marking 70 years since the end of World War Two. Western leaders were unhappy that the guest list that included Putin and wary of the message China would send with the show of strength.

While China has portrayed the New Silk Road as a genuine effort to share the bounty of China's economic development and to fund infrastructure gaps, many Western countries are concerned about a lack of detail and transparency in the project and are suspicious about China's broader political intents.

Diplomatic sources said the presence of Putin and other leaders from countries with dubious human rights records, like the Philippines and Central Asian states, had contributed to a reluctance among Western leaders to attend.

Still, at a time of uncertainty about the US place in the world following President Donald Trump's pledges to put America first, China sees an opportunity to become more of a global leader and has found a receptive audience for its New Silk Road.

Leaders from countries that would appear to have little, if any, connection so far to the plan are coming to the summit, including Chile and Argentina.

"Everyone wants to be China's friend now with Trump in office," said a senior Asian diplomat in Beijing.

A senior Indonesian government official said China was aiming for a "spectacular" summit.

"The Chinese are gunning for ... global leadership so I think this OBOR summit is going to be huge," the official said.

(Reuters)

More For You

 India-EU-iStock

The visit coincides with the 13th round of India-EU negotiations on a proposed free trade agreement, which both sides aim to finalise by December. (Representational image: iStock)

iStock

EU envoys to hold strategic talks in India, focus on trade and security

THE EUROPEAN Union's Political and Security Committee (PSC), made up of envoys from the 27 member states, will begin a five-day visit to India on Wednesday. The visit will focus on strengthening overall ties, including efforts to conclude a free trade agreement that has been under negotiation for years.

The committee, headed by Ambassador Delphine Pronk, is visiting India for the first time. It will hold strategic discussions with senior Indian government officials, defence industry representatives, civil society organisations and leading think tanks.

Keep ReadingShow less
Uber

Takeaway apps have become a source of employment for undocumented migrants

Getty Images

Uber warns UK food delivery costs could rise amid crackdown on illegal migration

Highlights:

  • Uber warns Home Office rules targeting illegal gig economy workers could increase takeaway delivery costs in the UK.
  • Undocumented migrants have historically used food delivery apps for work, exploiting limited right-to-work checks.
  • Companies like Uber Eats, Deliveroo, and Just Eat have introduced stricter checks, including facial recognition and document verification.
  • Compliance and administrative costs have contributed to a fall in Uber UK profits despite rising revenues.
  • Government enforcement includes thousands of interviews and hundreds of arrests for suspected illegal working.


Uber’s UK accounts at Companies House welcomed the Home Office’s efforts to deter migrants and people smugglers from risking Channel crossings. However, the company cautioned that “new legislative requirements could have an adverse impact on our business, including expenses necessary to comply with such laws and regulations.”

Takeaway apps have become a source of employment for undocumented migrants, attracted by historically limited right-to-work checks. Delivery riders have sometimes sold or rented their accounts on social media to “substitutes” who may be working illegally.

Keep ReadingShow less
Co-op and Bestway strike new deal to back independent retailers

Dawood Pervez (L), managing director at Bestway Wholesale and Katie Secretan, managing director of Co-op Wholesale

Co-op and Bestway strike new deal to back independent retailers

A NEW partnership has been formed between Co-op Wholesale and Costcutter Supermarkets Group (CSG) to support independent retailers across the UK.

Goes beyond the standard supply deal, it aims to bring the combined expertise and resources of both businesses together, helping local retailers compete in an increasingly tough convenience market, a statement said on Thursday (4).

Keep ReadingShow less
Nirmala Sitharaman

India's finance minister Nirmala Sitharaman said the Goods and Services Tax (GST) structure would be simplified from four slabs to two, with reductions across several sectors. (Photo: Getty Images)

India cuts consumption taxes, simplifies structure into two slabs

INDIA announced a major cut in consumption taxes on Wednesday, days after the United States imposed steep tariffs on Indian goods.

India's finance minister Nirmala Sitharaman said the Goods and Services Tax (GST) structure would be simplified from four slabs to two, with reductions across several sectors. In some cases, levies have been reduced by more than half.

Keep ReadingShow less
Jio Platforms

Jio Platforms includes India’s largest telecom operator, Reliance Jio Infocomm, with more than 500 million users. (Photo: Reuters)

Reuters

Jio IPO planned for mid-2026, AI unit announced with Meta and Google

RELIANCE Industries plans to take its telecom and digital arm, Jio Platforms, public by mid-2026, chairman Mukesh Ambani said on Friday. The announcement sets a new timeline for the long-awaited IPO of a business analysts value at over $100 billion.

At its annual general meeting (AGM), Reliance also announced the launch of an artificial intelligence unit in partnership with Google and Meta.

Keep ReadingShow less