Times of India
Xi pledged $124 billion in financial assistance, double of what the World Bank lent in 2016, for OBOR. The plan involves building six economic corridors including CPEC criss-crossing different parts of Asia and Europe. 'China needs India's participation more than it needs the United States,' David Kelly, director of geopolitics at Beijing-based consulting firm, China Policy, told news agencies. 'It does not serve China's image and strategic interests to establish linkages in distant places while being unable to mend fences in its neighbourhood,' Kelly said, adding that India would not lose much by skipping the event. 'India's development pattern follows a different rhythm compared to China. India will continue to grow at its own pace regardless of whether it joins or not,' he said.