Glob­al­iza­tion key to Belt and Road

Bar­bara Judge says she will con­trib­ute to the ‘golden era’ of ties be­tween the UK and China

China Daily European Weekly - - News Digest - By AN­DREW MOODY an­drew­moody@chi­

The head of one of the UK’s lead­ing busi­ness or­ga­ni­za­tions says China’s Belt and Road Ini­tia­tive could be a ma­jor driver of glob­al­iza­tion.

Lady Bar­bara Judge, chair­man of the In­sti­tute of Di­rec­tors, speaking in Bei­jing on Aug 30, said it demon­strated China’s com­mit­ment to be­ing a global eco­nomic force.

“Glob­al­iza­tion and Belt and Road go hand in hand to drive global eco­nomic growth,” she said.

Judge, who was ad­dress­ing an au­di­ence at The Cen­ter for China and Glob­al­iza­tion, China’s lead­ing in­de­pen­dent think tank, said there was a po­ten­tial for a “triple pack­age” to drive global eco­nomic ac­tiv­ity.

“The com­po­nents of this pack­age are, first, the pos­i­tive forces of glob­al­iza­tion; sec­ond, the po­ten­tial of Belt and Road; and third, tak­ing the spirit of ‘re­form and open­ing-up’ of China and em­bed­ding it into Belt and Road,” she said.

Judge, who was born in the United States and be­came the first fe­male head of the or­ga­ni­za­tion, which is more than a cen­tury old, in 2015, said she was in “strong agree­ment” with Pres­i­dent Xi Jin­ping and his strong sup­port for glob­al­iza­tion out­lined in his Davos speech in Jan­uary.

She was hope­ful he will re­new that com­mit­ment when the lead­ers of the BRICS mem­bers — Brazil, Rus­sia, In­dia, China and South Africa — meet in Xi­a­men, Fu­jian prov­ince, for their ninth sum­mit on Sept 3.

“There is great value in the pos­i­tive ad­vance­ment of glob­al­iza­tion. Glob­al­iza­tion is driven by busi­nesses reach­ing out into the world. Chi­nese busi­nesses go­ing global will gain new mo­men­tum when com­bined with the Belt and Road Ini­tia­tive.”

Judge ar­rived in Bei­jing fol­low­ing a visit to Kaza­khstan, a key coun­try to the Belt and Road Ini­tia­tive, where she had at­tended a board meet­ing of the As­tana In­ter­na­tional Fi­nan­cial Cen­ter, a new cen­tral Asian fi­nan­cial hub.

“I have seen with my own eyes the im­mense Belt and Road pos­si­bil­i­ties for Chi­nese busi­nesses in Kaza­khstan,” she said.

Judge said an­other of her roles was as UK busi­ness am­bas­sador, and she wanted to do what she could to con­trib­ute to the “golden era” of re­la­tions be­tween the UK and China.

She said she wanted Chi­nese com­pa­nies to fol­low the ex­am­ple of telecommunications gi­ant Huawei by set­ting up a UK sub­sidiary with a UK board. Huawei UK is chaired by for­mer BP boss Lord Browne. “The out­come for Huawei in the UK is that they have won the great trea­sures of com­plete trust and trans­parency.”


Bar­bara Judge, chair­man of the In­sti­tute of Di­rec­tors, says glob­al­iza­tion and Belt and Road go hand in hand to drive global eco­nomic growth.

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