Current Risks for Developed Economies
Oil prices are rising while the US government is on the verge of shutting down. How will it affect the market?
China's Xi ascertains Belt and Road requires rejecting protectionism
On Monday, Chinese President Xi Jinping urged key multilateral institutions to join his fresh Belt and Road Initiative, emphasizing the whole importance of rejecting protectionism in looking for global economic surge.
Addressing other world leaders in Beijing at a summit on the initiative, China’s President told it was urgently required to coordinate policies with the development objectives of institutions including the Asia-Pacific Economic Cooperation, African Union, ASEAN as well as the European Union.
On Sunday, Xi promised $124 billion for his fresh Silk Road, supposed to bolster China's global leadership ambitions by simply expanding links between Africa, Asia, Europe and beyond, as American President Donald Trump puts a lot of value on "America First".
Xi stressed that world leaders require improving policy coordination and rejecting beggar-thy-neighbor practices.
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