China wants to expand sprawling infrastructure project

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>President Xi Jinping has called for more countries to join China’s sprawling infrastructure-building initiative in the face of US opposition to a project Washington worries is increasing Beijing’s strategic influence&period;<&sol;p>&NewLine;<p>Mr Xi spoke at a gathering of leaders to celebrate the multibillion-dollar Belt and Road Initiative&comma; his signature foreign project&period;<&sol;p>&NewLine;<p>The upbeat tone of the two-day forum&comma; at which Russian President Vladimir Putin and other leaders praised the initiative&comma; is a setback for the Trump administration&comma; which is trying to discourage other countries from participating&period;<&sol;p>&NewLine;<p>Mr Xi promised on Friday to promote high financial&comma; environmental and other standards in response to complaints about debt and other problems&period;<&sol;p>&NewLine;<p>That has the potential to heighten tensions with Washington by attracting more participants&period;<&sol;p>&NewLine;<p><em>&OpenCurlyDoubleQuote;We need to encourage the full participation of more countries and companies&comma;”<&sol;em> the Chinese president said at the event at a government conference centre outside Beijing&period;<&sol;p>&NewLine;<p>Mr Xi tried to dispel complaints Belt and Road does little for developing countries that have borrowed from Beijing to build ports&comma; railways and other facilities&period;<&sol;p>&NewLine;<p>Mr Xi said his government wants to &OpenCurlyDoubleQuote;deliver benefits to all”&period;<&sol;p>&NewLine;<p>Other governments welcomed the initiative launched in 2013 to increase trade by building ports&comma; railways and other infrastructure across Asia&comma; Africa and the Middle East&period;<&sol;p>&NewLine;<p>But some are struggling to repay Chinese loans&comma; which has fuelled complaints about a possible &OpenCurlyDoubleQuote;debt trap”&period;<&sol;p>&NewLine;<p>Critics also complain too much of the work goes to Chinese state-owned companies and the initiative might lead to corruption and environmental damage&period;<&sol;p>&NewLine;<p>The United States&comma; Russia&comma; Japan and India worry Beijing is eroding their influence&period;<&sol;p>&NewLine;<p>American officials have warned other governments about potential debt problems and China’s possible political motives&period;<&sol;p>&NewLine;<p>Mr Xi’s government is trying to revive momentum for Belt and Road after the number of new projects slumped last year&period;<&sol;p>&NewLine;<p>That followed official announcements that Chinese lenders would examine borrowers more closely and concerns by some governments about Beijing’s rising influence&period;<&sol;p>&NewLine;<p>On Friday&comma; Mr Xi promised to embrace international financial&comma; environmental and other standards&period;<&sol;p>&NewLine;<p>He pledged to work more closely with multinational entities and to open projects dominated by Chinese state-owned companies wider to private and foreign contractors&period;<&sol;p>&NewLine;<p>Despite US opposition&comma; the Chinese government says the number of countries have signed agreements to support the initiative has risen to 115 from 65&period;<&sol;p>&NewLine;<p>Beijing scored a diplomatic coup in March when Italy&comma; a member of the Group of Seven major economies&comma; signed an agreement to support Belt and Road&period;<&sol;p>&NewLine;<p>On Friday&comma; Mr Putin said Belt and Road fits with Moscow’s initiative to develop a common market with four of its neighbours&period;<&sol;p>&NewLine;<p>The Chinese leader repeated his promise to adopt &OpenCurlyDoubleQuote;widely accepted rules and standards” and encourage Belt and Road countries to follow global standards for project development&comma; purchasing and operations&period;<&sol;p>&NewLine;<p><em>&OpenCurlyDoubleQuote;We welcome the participation of multilateral and international financial institutions in Belt and Road investment and financing&comma; and we encourage third market cooperation&comma;”<&sol;em> said Mr Xi&period;<&sol;p>&NewLine;<p><em>&OpenCurlyDoubleQuote;With involvement of multiple stake holders we can surely deliver benefits to all&period;”<&sol;em><&sol;p>&NewLine;<p>Mr Xi’s promises on debt&comma; transparency and anti-corruption &OpenCurlyDoubleQuote;will be well received by some BRI countries and outside observers&comma;” Kelsey Broderick of Eurasia Group in a report&period;<&sol;p>&NewLine;<p>Others including the European Union &OpenCurlyDoubleQuote;will wait to see actual implementation”&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68e43b37aaeb2">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; 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