China's Xi says Belt and Road summit reaches consensus, achieves positive outcomes

CPEC a core project of One Belt and One Road initiative: Nawaz

CPEC a core project of One Belt and One Road initiative: Nawaz

China also questioned India's statement on Saturday that called for "meaningful dialogue" with Beijing on the issue, saying that it was "always waiting" for talks.

The diplomatic event, touted to be the biggest held by China, had 1,500 participants from more than 130 countries.

"It is my belief that Britain, lying at the western end of the Belt and Road, is a natural partner in this endeavor".

Almost four years later, the plan came to a crucial juncture this past weekend with the Belt and Road Forum for International Cooperation. While the prime ministers of Spain, Greece and Italy accepted the summit invitation, German, British and French leaders stayed home.

India skipped the summit as it voiced displeasure at the China-Pakistan Economic Corridor, a Belt and Road project aimed at linking northwestern China to the Arabian Sea. Hua, while responding to Baglay's remarks, said, "I think our ideas and actions are there for all to see".

India has raised its opposition to the CPEC at the highest forums during bilateral interactions, and gave a statement regarding the concerns about the OBOR.

"Our attitude is always clear".

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The 30 heads of states who signed the document said that they recognised the challenges the world economy faced and welcomed the initiative to improve connectivity between Asia and Europe.

"While India cares about its neighbours' debt burden, the neighbours appear willing to take on more", said a report by China's state-run Global Times. One of the criticisms of the Silk Road plan is that host countries may struggle to pay back loans for huge infrastructure projects being carried out and funded by Chinese companies and banks.

"We have differences and some (of them) are of serious nature".

As well as the corridor through Pakistan, India is anxious more broadly about China's economic and diplomatic expansion through Asia, and in particular across countries and waterways that it considers to be its sphere of influence.

Baglay also mentioned that India is awaiting positive response from China. "Regarding the issue of Kashmir which the Indian side is concerned about, we have been stressing that the issue was left over from history between India and Pakistan, and should be properly addressed by the two sides through consultation and negotiation".

"The Belt and Road initiative is for regional peace and prosperity. It is regrettable but not a problem that India still maintains its strong opposition to the B&R, even though China has repeatedly said its position on the Kashmir dispute would not change because of the CPEC", the article said.

The plan focuses on promoting policy, financial integration, closer people-to-people ties, joint contribution and shared benefits to all participating countries.