Belt and Road Trade Fig­ures, 2013-2017

China Pictorial (English) - - Contents - Edited by Yin Xing

In Septem­ber 2013, Chi­nese Pres­i­dent Xi Jin­ping pro­posed the Silk Road Eco­nomic Belt fol­lowed by the in­tro­duc­tion of the 21st- Cen­tury Mar­itime Silk Road that Oc­to­ber, which to­gether be­came known as the Belt and Road Ini­tia­tive. Over the five years span­ning from 2013 to 2017, the to­tal trade vol­ume be­tween China and coun­tries along the Belt and Road routes reached US$6.98 tril­lion with a growth rate much faster than that of China’s over­all for­eign trade. China has be­come the largest trad­ing part­ner for 25 na­tions and signed or up­dated five free trade agree­ments with 13 na­tions along the routes. Also over the past five years, China’s di­rect in­vest­ment in coun­tries along the Belt and Road has ex­ceeded US$70 bil­lion at an an­nual growth rate of 7.2 per­cent. The value of new con­tracted projects in those coun­tries sur­passed US$500 bil­lion at an an­nual growth rate of 19.2 per­cent.

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