Spain has rejected China's ambitious "One Belt, One Road" initiative that seeks to better link Asia and Europe. The multi-billion-dollar initiative, unveiled by Xi in 2013, aims to link the continents through a network of ports, railways, roads and industrial parks. Beijing plans to develop the network through 65 countries representing an estimated 60 percent of the world's population and a third of its economic output. So far, around 70 countries have signed an MoU pledging their interest in the project. In Europe, countries such as Poland and Greece have signed but the project has created considerable anxiety that it masks an attempted Beijing influence grab.