China upbeat over talks in Australia

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, or Obor, initiative, is a signature foreign and economic policy of Chinese President Xi Jinping, envisioning massive infrastructure spending to link China to Asia and beyond.