Belt and Road Turns Five

Co­op­er­a­tion and growth char­ac­ter­ize the first five years of the ini­tia­tive

Beijing Review - - NATION - By Xin Hua

Five years ago, in the au­tumn of 2013, Chi­nese Pres­i­dent Xi Jin­ping pro­posed the build­ing of the Silk Road Eco­nomic Belt dur­ing a visit to Kaza­khstan and the 21stCen­tury Mar­itime Silk Road while in In­done­sia, which have col­lec­tively be­come known as the Belt and Road Ini­tia­tive.

The ini­tia­tive serves as a so­lu­tion for China to par­tic­i­pate in global open­ing up and co­op­er­a­tion, im­prove global eco­nomic gov­er­nance, pro­mote com­mon de­vel­op­ment and pros­per­ity, and build a com­mu­nity with a shared fu­ture for mankind, Xi said at a sym­po­sium mark­ing the fifth an­niver­sary of the Belt and Road Ini­tia­tive in Bei­jing on Au­gust 27.

He called for ef­forts to up­hold di­a­logue and con­sul­ta­tion, joint con­tri­bu­tion, shared ben­e­fits, win-win co­op­er­a­tion, ex­change and mu­tual learn­ing and to pro­mote mu­tual po­lit­i­cal trust, eco­nomic in­te­gra­tion, and peo­ple-to-peo­ple ex­changes with Belt and Road coun­tries in or­der to ad­vance the ini­tia­tive step by step to pro­duce re­sults.

As of July, more than 100 coun­tries and in­ter­na­tional or­ga­ni­za­tions had signed Belt and Road co­op­er­a­tion doc­u­ments with China, ex­tend­ing the ini­tia­tive’s scope from the Eurasian con­ti­nent to Africa, Latin Amer­ica and the Caribbean, and the South Pa­cific.

China’s to­tal trade with coun­tries along the Belt and Road in the past five years ex­ceeded $5 tril­lion, with an­nual av­er­age growth of 1.1 per­cent, ac­cord­ing to Qian Kem­ing, Vice Min­is­ter of Com­merce.

“China has be­come the largest trad­ing part­ner of 25 of th­ese coun­tries,” Qian said at a press con­fer­ence held by the State Coun­cil In­for­ma­tion Office in Bei­jing on Au­gust 27.

High­qual­ity de­vel­op­ment

The next pri­or­ity for jointly ad­vanc­ing the Belt and Road Ini­tia­tive is to re­al­ize its high-qual­ity de­vel­op­ment, Xi said at the sym­po­sium. He urged ef­forts to push for progress in Belt and Road pro­jects, es­pe­cially those de­liv­er­ing real

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