China’s President Xi Jinping said he hoped annual trade with the countries involved in Beijing’s plan to create a modern Silk Road would surpass $2.5 trillion in a decade, according to a Reuters report.

Xi also pledged to protect the interests of foreign companies in China amid investors’ rising concerns that Beijing is enacting policies that could hurt their businesses.

Under the so-called “One Belt, One Road” initiative, China aims to create a modern Silk Road Economic Belt and a 21st Century Maritime Silk Road to boost trade and extend its global influence. Commerce Minister Gao Hucheng said previously that more than 50 countries had shown interest in the initiative. Read more

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