At present, when forces contrary to multilateralism and the democratization of the international system seek to impede the advances made in China-LAC relations, it is always opportune to remember the achievements already made.
Though the GDI intersects positively with other Chinese global development efforts, including the Belt and Road Initiative, it better exemplifies the sort of multilateralism that runs contrary to hegemony-seeking tactics.
As China widens its doors, the LAC countries have also been opening up their markets. The two-way opening up will benefit people on both sides.
Therefore, any attempt to compare the SCO with NATO will be an attempt to undermine the scope of the SCO.
The so-called U.S. ‘commitment’ to Asia is superficial, self-interested and short-sighted. The IPEF risks imposing costs on its members but offers no benefits. It is neither a trading bloc nor an investment treaty.
For Britain and China during Queen Elizabeth II’s long time on the throne, despite often huge challenges and great difficulties in the bilateral dialogue, the two sides never stopped talking to each other.
The 50-year friendship between the people of China and Togo is enduring as the flowing Mono River and stands firm as the towering peaks of Mount Agou.
If we break down the outcomes of the initiative, we can find that large projects under the BRI have greatly boosted the economy and improved local people’s livelihoods in many countries all over the world.
Government policies, market environment and expectations all impact investor decision-making. The world may take a cue from China’s economic recovery and adopt an open and cooperative attitude toward all so as to salvage the global economy.
Looking forward, China will work with other SCO member states to make greater contributions to global and regional peace and development.
A successful GDI may give us a good opportunity to keep us all together. It may significantly contribute to retaining world peace, whilst we combine the well-being of the planet with that of ourselves.
The Global Development Initiative demonstrates China’s enduring commitment to uplifting the fortunes of the developing world.
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