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Modi wasn’t the only leader notably absent from the gathering.

No officials from Japan, South Korea or North Korea made an appearance, and of the Group of Seven (G7) industrialized nations, the only representative to attend was Italian Prime Minister Paolo Gentiloni.

Roads and infrastructure projects are also underway in Ethiopia, Kenya, Laos and Thailand.

Pakistan is one of the New Silk Road’s foremost supporters.

But before we spend shareholders' money, which is really the taxpayers' money, we have three requirements." What were these?

The new trade route would have to promote growth, be socially acceptable and abide by environmental laws, Jin said.

Ahead of the Beijing summit earlier this month, the China Development Bank had set aside almost 0 billion alone for more than 900 projects.

China’s Big Four state-owned banks extended an estimated billion in loans to the economies related to the initiative last year alone.

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Unsurprising praise perhaps from a country that stands at one end of the China-Pakistan Economic Corridor, where it is poised to benefit from billion in new roads, bridges, wind farms and other China-backed infrastructure projects.Instead, this new superpower may offer connectivity." Sixty-two countries could see investments of up to US0 billion over the next five years, according to Credit Suisse, with most of that channelled to India, Russia, Indonesia, Iran, Egypt, the Philippines and Pakistan.Chinese companies are already behind several energy projects, including oil and gas pipelines between China and Russia, Kazakhstan and Myanmar.“While countries welcome Beijing's generosity, they are simultaneously wary of its largesse.China's growing influence is a concern for nations whose political interests do not always align with Beijing's," explains Paul Haenle, director of the Carnegie-Tsinghua Centre for Global Policy.

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