Xi Dangles $1.25 Trillion as China Counters U.S. 'Pivot' to Asia -- Bloomberg
President Xi Jinping sought to counter U.S. efforts aimed at boosting influence in Asia by flexing China’s economic muscle days before a Beijing summit with his counterpart Barack Obama.
Speaking to executives at a CEO gathering in Beijing, Xi outlined how much the world stands to gain from a rising China. He said outbound investment will total $1.25 trillion over the next 10 years, 500 million Chinese tourists will go abroad, and the government will spend $40 billion to revive the ancient Silk Road trade route between Asia and Europe.
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MIDDLE EAST
U.S., allies launch barrage of airstrikes against Islamic State.
Iraqi officials say Islamic State leader wounded in airstrike.
Iraqi troops push back ISIL in oil-rich city.
RAF carries out first British drone attacks against Isis in Iraq.
Attack in Syria's capital kills 4 nuclear scientists.
UN envoy meets President Assad in Damascus.
Iran, US, EU hold second day of talks.
Dozens killed in clashes in southern Yemen.
U.S. imposes sanctions on Yemen ex-president, two rebel leaders.
ASIA
Under blue skies, Beijing rolls out a red carpet for Obama and Putin.
Obama urges China to be partner in ensuring world order.
Beijing, Seoul pledge joint effort to denuclearize North Korea.
At least 10 policemen killed in Afghanistan bombings. Deadly explosions hit three Afghan cities.
Explosion heard near anti-terrorism agency in India's Kolkata.
S. Korea fires warning shots near N. Korea border.
2 Americans freed by North Korea back in U.S..
AFRICA
Dozens dead in Nigeria school blast in Potiskum. Dozens killed in Nigeria school explosion.
90 killed as Al-Shabab takes Somali island.
Ebola cases in Sierra Leone show sharp rise.
Liberia punishes soldiers involved in Ebola quarantine violence.
Mysterious killings in east Congo prompt anger at U.N. and army.
Egyptian militant group pledges loyalty to Islamic State.
Rebels accuse South Sudan Army of breaking truce deal hours after signing.
EUROPE
Putin, Obama plan brief meeting in Beijing: Kremlin spokesman.
Close military encounters between Russia and the west ‘at cold war levels’.
Worst east Ukraine shelling for month; ceasefire looks in doubt.
Germany urges all sides in Ukraine to adhere to ceasefire.
Terrorist attack in Britain ‘inevitable’ – security chiefs.
Catalonia vote: 80% back independence - officials. Catalan leader to step up independence push as 80% vote to split from Spain. Spain, Catalonia to try dialogue after acrimonious independence vote.
Albanian, Serbian leaders collide over Kosovo recognition.
French former PM to sue Le Monde over Nicolas Sarkozy plot claims.
MH17 Dutch memorial day: Victims honoured in Amsterdam.
AMERICAS
Cyberattacks on Obama’s agenda in Asia; he plans to meet with Putin, Xi.
Gang members confess to killing students, Mexico says.
'Enough, I'm Tired' comment rallies Mexico protest.
Report says Mexico leader was given mansion by train entrepreneur.
Mexico stuns China in scrapping $4.3-billion rail bid.
Drug cartels find Argentina attractive transit way.
Ministry of prominent Bahamas pastor to continue after fatal plane crash.
TERRORISM/THE LONG WAR
Shutting Guantanamo by 2016 ‘unrealistic hope’ – prison chief.
Judge rejects changes to Gitmo detainee’s force-feeding.
George W. Bush: Danger posed by Islamic State rivals pre-9/11 al Qaeda.
ECONOMY/FINANCE/BUSINESS
'Too big to fail' bank rules unveiled by global regulators.
Obama demands 'strongest possible rules' to protect net neutrality.
US Government spending nearly $10 billion to mitigate Cyber-Attacks.
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