The Media Center for the upcoming Belt and Road Forum for International Cooperation opened in Beijing on Friday.
The “Belt and Road” initiative proposed by Chinese President Xi Jinping will bring peace,prosperity and development to Cambodia, Southeast Asia, and even the world at large, said Princess Norodom Arunrasmy of Cambodia in a recent exclusive interview with People's Daily.
Beijing is well prepared to host all the guests attending the two-day Belt and Road Forum for International Cooperation to be started onSunday, a spokesperson with Beijing municipal government said ahead of the forum.
Chinese banks have been issuing loans and making equity investments in vast amounts in countries along the One Belt and One Road initiative, in support of the plan that aims to connect Asia, Europe and Africa to bolster trade and development. The enormous investments could put Chinese banks in an advantageous position in these regions, which have tremendous development potential, but they could also pose some serious challenges, given that projects require long-term investments, have low returns and face many potential risks, experts noted.