BRI: the Initiative Angled for Common Development
The BRI originates in China, but its achievements and opportunities belong to the world.
The BRI originates in China, but its achievements and opportunities belong to the world.
In a world fraught with uncertainties and regional conflicts, the common challenges that threaten us all call for cooperation instead of confrontation. In this sense, the vision of building a community with a shared future for mankind is fast becoming an ideological beacon that charts the course of human progress.
The BRI has introduced inclusive free trade rules. It has not put the interests of one or a few specific countries first, but has involved developing countries in the process of economic globalization.
China reaching a preliminary agreement with Sri Lanka, before the group of major creditors signing a MoU has taken the country’s other foreign creditors entirely by surprise and has brought shame upon the U.S., India and Japan who were blaming China for no reason.
As the wider global economic landscape stabilizes, China’s growth is likely to accelerate further. The country is performing better than expected.
Despite the dangerous trajectory international relations have taken, cooperation is still possible and the BRI remains a tool that can contribute to worldwide prosperity.
The second decade of the BRI will see further contributions to the UN 2030 SDGs. BRI countries will also play an increasingly important role in IMF and WTO reforms and in upholding multilateralism.
While a lot is changing in the world, there are some things that do not: the Belt and Road Initiative’s drive for common prosperity, for example, is just one of the goals that it is steadily pursuing.
Whereas the West largely ignores suffering caused by increased global economic inequality, China’s Belt and Road Initiative provides a proactive solution.
The Yiwu-Madrid freight rail service, a key part of the Belt and Road Initiative, is an opportunity for European companies to enter the vast Chinese market.
The BRI not only points out the way for mankind to overcome the challenges of the 21st century, but also exhibits the direction to move towards a peaceful future.
The Chinese often say that there are 1,000 reasons for a good Sino-American rapport and not one for a bad relationship. The same should be true on the U.S. side.