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Belt and Road Initiative by no means a debt trap

2019-03-04 13:10:35 China Daily

Thanks to the contributions the Belt and Road Initiative has already made to the world economy, the world is paying greater attention to and expects more the initiative.

Proposed by President Xi Jinping in 2013, the Belt and Road Initiative has drawn extensive attention worldwide. After five years, the concept and vision of the initiative have been put into practice, with some already yielding fruits and promoting the building of a new pattern for the coordinated development of China and the world. Perhaps that's why many consider the initiative to be the most important public good provided by China for the world.

As a new platform for international development and cooperation, the initiative facilitates China's engagement with the rest of world while making it possible to establish a more just and reasonable world order that would highlight the importance of Chinese wisdom in building a prosperous future for humankind.

Thanks to the contributions the Belt and Road Initiative has already made to the world economy, the world is paying greater attention to and expects more from the initiative.

Deepening strategic trust among nations

The initiative, broadly speaking, aims to deepen strategic mutual trust among the countries along the Silk Road Economic Belt and the 21st Century Maritime Silk Road, and rally international consensus on global and regional issues.

In addition, since the launching of the initiative, the Chinese government has made great efforts to build a community with a shared future for humankind in order to achieve shared growth through cooperation, which has been praised by the international community. Also, with more countries accepting the concept of the initiative, it is gaining more and more partners and prompting some international organizations to laud its mission and aim.

The Belt and Road Initiative promotes win-win cooperation and common development. To this end, the first Belt and Road Forum for International Cooperation held in Beijing in May 2017 fostered the building of a more open and efficient international cooperation platform. And owing to the initiative, China's trade with and investment in the countries along the two routes have grown significantly.

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