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Uzbekistan Summit: China, Russia, Mongolia sign economic corridor plan

The plan comes after Chinese President Xi Jinping said Chinese companies invested nearly $15 billion in countries participating in Beijing's new Silk Road initiative last year, up one-fifth from 2014.

China, Russia, Mongolia, Uzbekistan, Uzbekistan summit, Xi Jinping, Silk Road China, Silk Road, Vladimir Putin, news, latest news, Tsakhiagiin Elbegdorj, Putin, Xi, China Russia, Russia China, China Mongolia, Mongolia China, China Russia Mongolia, China Mongolia Russia, Russia Mongolia China, Russia China Mongolia, Mongolia Russia China, Mongolia China Russia, economic corridor, world news, China news, Russia news, Mongolia news, international news From left, Russian President Vladimir Putin, Chinese President Xi Jinping and Mongolian President Tsakhiagiin Elbegdorj pose during a meeting in Tashkent, Uzbekistan, where they attend the Shanghai Cooperation Organization summit on Thursday, June 23, 2016. (Dmitry Azarov/Sputnik, Government Pool Photo via AP)

China, Russia and Mongolia signed a development plan on Thursday to build an economic corridor that will boost transport links and economic cooperation among the three neighbours, the official Xinhua news agency reported.

The plan comes after Chinese President Xi Jinping said Chinese companies invested nearly $15 billion in countries participating in Beijing’s new Silk Road initiative last year, up one-fifth from 2014.

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The plan was signed by Xi, Russian President Vladimir Putin and Mongolian President Tsakhiagiin Elbegdorj in the Uzbekistan capital of Tashkent.

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Xi called on the three countries to build the economic corridor, strengthen cooperation in transportation infrastructure connectivity, port construction, industrial capacity, investment, trade and economy, cultural exchanges and environmental protection in an effort to expedite results, Xinhua said late Thursday.

“We three sides should actively engage in the discussion of building cross-border economic cooperation zones, enhance industrial tie-in, boost sub-regional cooperation in our adjacent areas, and promote the common development of our adjacent areas,” Xinhua reported Xi saying.

First uploaded on: 24-06-2016 at 07:07 IST
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