Australia may be part of Silk Road initiative

BEIJING: China expects positive moves to signing up Australia for its New Silk Road initiative when Premier Li Keqiang visits this week, but two sources familiar with the issues said the Australian government is likely to bide its time before committing.

The plan, officially called the One Belt, One Road initiative, is a signature foreign and economic policy of Chinese President Xi Jinping, envisioning massive infrastructure spending to link China to Asia and beyond.