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1st LD: Xi says Belt and Road Initiative gains increasing global support, Chinese investment surpasses 50 bln USD

Xinhua, January 17, 2017 Adjust font size:

Chinese President Xi Jinping said here Tuesday that the circle of friends along the Belt and Road is growing bigger, and Chinese investment in the countries along the routes has surpassed 50 billion U.S. dollars in the past three years.

Xi made the remarks while delivering a keynote speech at the opening session of the World Economic Forum's annual meeting in Davos, Switzerland.

Over 100 countries and international organizations have given warm responses and support to the Belt and Road Initiative, and more than 40 countries and international organizations have signed cooperation agreements with China since he put forward the initiative more than three years ago, said the Chinese president.

Meanwhile, Chinese companies have launched a number of major projects in the countries along the routes, spurring the economic development of these countries and creating many local jobs, Xi noted.

The Belt and Road Initiative, envisioned as an infrastructure and trade network connecting Asia with Europe and Africa along ancient trade routes, originated in China, but it has delivered benefits well beyond its borders, he said. Endi