16:52 GMT +319 November 2017
    A man takes pictures of a flower display set up ahead of the Belt and Road Forum in central Beijing, China, May 10, 2017

    China to Host Belt and Road Forum for International Cooperation on May 14-15

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    The Chinese capital of Beijing will be the host city of the two-day Belt and Road Forum for International Cooperation that is expected to kick off on Sunday.

    MOSCOW (Sputnik) — The forum, which is organized within the framework of the so-called One Belt, One Road initiative, is dedicated to the development of infrastructure and cooperation between the Eurasian countries.

    A total of 29 heads of state, including Chinese President Xi Jinping, Greek Prime Minister Alexis Tsipras, Russian President Vladimir Putin and Turkish leader Recep Tayyip Erdogan are expected to participate in the international event.

    Despite the fact that the official ceremony of the forum will take place on Sunday, a number of delegations have already arrived in Beijing and held negotiations with their partners from other states, mostly from China. For example, Xi has already met Tsipras, Hungarian Prime Minister Viktor Orban and Pakistani Prime Minister Nawaz Sharif.

    According to Russian presidential aide Yury Ushakov, Xi along with Putin and United Nations Secretary-General Antonio Guterres will deliver a speech at the opening ceremony of the forum.

    After the opening, the officials along with experts and representatives of financial and media institutions from about 130 countries would participate in a number of plenary sessions focusing on infrastructure, trade, investments, as well as on cultural ties.

    In 2013, China announced its new strategy of economic development, called "One Belt, One Way," which aims at establishing infrastructure in Eurasia for the creation of a trade corridor between the eastern and western parts of the continent. It encompasses two main directions of development: Silk Road Economic Belt and Maritime Silk Road.


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