Chinese investment is really a great opportunity in the current landscape, because after the financial crisis, we have a squeeze of total investment flows in the world, and the post-crisis process was not enough sufficient in order to build more flows of direct foreign investment.
The digital silk road is an essential component of the Belt and Road Initiative because it enables the full utilisation of the physical BRI infrastructure.
Undeniably, infrastructural connectivity is a ‘game changer’ that can transform an economic backwater into a bustling hub of economic growth.
The BRI has also boosted economic growth in more than 20 major economies and almost every region of the world, and significantly promoted global growth.
Ultimately, the Belt and Road Initiative stands as an anchor of Global South solidarity and offers hope for the development of the world’s countries to accelerate their economies, broaden their horizons and break out of the unequal economic global system.
Common development is a long-standing desire of humanity. The BRI aims to make it a reality through its pursuit of high-quality supply chains, resilient development and comprehensive consultations.
The trend-bucking growth of trade between China and the LACs amid worldwide pandemic ravages bodes well for future win-win cooperation between both parties.
Connectivity will be a key thrust area. A better connectivity network should be created, spanning land, sea and air transport as well as cyberspace.
Look at the proximity of the airports of Liege and Brussels. So, the Belt and Road, with regard to connectivity, gave a boost to the rail transport.
China has also increased investment in clean and renewable energy. The data of the BRI investment shows a steady increase in investment for green energy.
The world is full of challenges, and Asia cannot expect to sustain itself alone. It is also our mission to cooperate with the other regions in the world. We want to explore the most inclusive and sustainable development path in a world full of uncertainty.
Armenia welcomes the Belt and Road Initiative. Their similar and sometimes identical views on critical issues faced by the international community have paved the way for the rapid development of Armenia-China economic relations.
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