Over the past six years, the total volume of trade in goods between China and Countries along the “Belt & Road Initiative” route has exceeded US $6 trillion.
Six years ago, in the Golden Autumn Festival, China put forward the initiative of jointly building “Belt & Road Initiative”, singing the main theme of economic globalisation.
Over the past six years, “Belt & Road Initiative” has more and more participants, “circle of friends” is getting bigger and bigger, trade and investment exchanges are close, and the construction of railways, ports and pipe networks has been accelerated. It has not only brought tangible benefits to the local people, contributed to the social and economic development of the host country, but also become a positive driving force for the growth of the world economy.
Building an Efficient & Smooth Market
Kazakhstan, the place where the “Belt & Road Initiative” initiative was initiated. Kazakhstan originally did not go to sea, but with the deepening of the construction of “Belt & Road Initiative,” six railways and 11 roads are now passing through Kazakhstan, and the logistics cooperation base of China-Kazakhstan Lianyungang has become the mouth of Kazakhstan directly to the Pacific Ocean. First President Nazarbayev praised the broad prospects for jointly building “Belt & Road Initiative.”
Over the past six years, similar stories have taken place in many countries. So far, 136 countries and 30 international organisations have signed 195 intergovernmental cooperation agreements with China. The United Nations, the Group of 20, APEC and other regional organisations have incorporated the “Belt & Road Initiative” initiative and its core concepts into the outcome document, and the “Belt & Road Initiative” initiative has become a popular public product around the world.
China-Laos Railway, China-Thailand Railway, Yavan High Speed Railway, Hungary-Cyprus Railway, Gwadar Port, Hambantota Port, Piraeus Port, Khalifa Port.
Over the past six years, the interconnection framework of “six corridors, six roads, many countries and many ports” has been basically formed, the construction of the six major international economic cooperation corridors has been promoted in depth, and a large number of practical cooperation projects have taken root.
“the steady progress of these cooperation projects has led to closer ties between the Asian economic circle and the European economic circle, and has played an important role in establishing and strengthening the partnership of connectivity between countries and building an efficient and smooth Asia-Europe market.” Xiao Weiming, Director of the Regional opening Department of the National Development and Reform Commission, said.
Infrastructure cooperation has achieved rapid results and strong visibility, and has also brought a real sense of achievement to the countries along the route. Wu Xiangong, Deputy General Manager of China Chemical Engineering Co., Ltd., has participated in many “Belt & Road Initiative” overseas projects. He said: with the development of the world economy, the infrastructure supporting the development is gradually aging, and the constraints on the sustainable growth of the world economy are beginning to appear gradually.
The “Belt & Road Initiative” initiative was put forward at the right time, and as a result, more and more practical solutions have been obtained for the construction of infrastructure in the countries along the route.
Create unprecedented Investment Opportunities
A few days ago, the first batch of 40 cases of 200 kilograms of frozen avocado from Kenya arrived at Shanghai Pudong International Airport. This is the direct result of the “Belt & Road Initiative” International Cooperation Summit Forum in April this year.
Kenya has become the first country in Africa to export avocado to China after Chile, Mexico, Peru and New Zealand, and the list of “Belt & Road Initiative” fruits that Chinese consumers can enjoy has been updated again.
Although unilateralism, trade protectionism and anti-globalisation trends of thought continue to have new manifestations, but “Belt & Road Initiative” has become a new star of trade growth. Over the past six years, the total volume of imports and exports of goods between China and countries along the route has exceeded US $6 trillion, with an average annual growth rate higher than that of China’s foreign trade in the same period, accounting for 27.4 percent of China’s total trade in goods.
The round trip between China and Europe is a testament to the continuous flow of trade. By the end of July this year, China-EU trains had opened more than 17000 trains and reached 53 cities in 16 countries outside China, and the quality of operation had been significantly improved, basically achieving “one trip at a time.”
Economic, trade and investment cooperation is also expanding. From 2013 to 2018, China directly invested nearly US $90 billion in countries along the “Belt & Road Initiative” route and built more than 80 cooperation zones in countries along the route.
The China-Belarus Industrial Park, the China-Arab (United Arab Emirates) capacity Cooperation Park, and the China-Egypt Suez Economic and Trade Cooperation Zone have a good momentum of construction and development, creating more than 300000 local jobs.
“the ‘Belt and Road Initiative’ initiative has created unprecedented investment opportunities and awakened sleeping markets.” Mitrovic, Director of the Center for Asian and far East Studies at the University of Belgrade in Serbia, believes that the connectivity brought about by the construction of “Belt & Road Initiative” will promote global economic growth and allow all participants to enjoy fair development opportunities.
Give Birth to a New Space for Economic Growth
Fungi from China have taken root in many “Belt & Road Initiative” countries. This plant is not only the base material for cultivating mushrooms, but also can be used as feed and fuel for animal husbandry. Thousands of local farmers have greatly improved their living conditions by cultivating edible fungi and engaging in related industries.
In the joint construction of “Belt & Road Initiative,” many similar cooperation plays an important role in improving people’s livelihood and the economy. The World Bank’s report “Belt & Road Initiative” Economics: opportunities and risks for the Development of Transport corridors “released in June shows that the full implementation of the” Belt & Road Initiative “initiative can help 32 million people out of moderate poverty.
The trade volume of the global and “Belt & Road Initiative” economies increased by 6.2 per cent and 9.7 per cent, respectively, and global income grew by 2.9 per cent. For low-income countries along the route, foreign direct investment increased by 7.6 per cent.
UN Secretary General Guterres praised Belt & Road Initiative to improve the world economic development model through economic cooperation and make economic globalisation healthier.
“as the second largest economy in the world, China’s economy is shifting from high-speed growth to high-quality development, driven by innovation, industrial technology continues to progress, and the pace of opening up to the outside world is accelerated.
We will always adhere to the ‘three Communist Party’ and ‘five links’, follow market principles and international practices, give full play to the guiding role of the main body of enterprises and the government, and promote high-quality co-construction of ‘Belt & Road Initiative’.
” Zhao Xinyong, Deputy Director of the Regional opening Department of the National Development and Reform Commission, said: we will make efforts in project construction, market development, financial security, promoting exchanges in the field of education, science, technology, and culture, and improving overseas security and the ability to deal with risks.
We will promote the joint construction of “Belt & Road Initiative” in depth and in a steady and far-reaching way. China welcomes all countries and relevant enterprises to take the joint construction of “Belt & Road Initiative” as an important opportunity to participate in the broad opportunities brought about by China’s high-quality development and opening wider to the outside world, and to jointly safeguard an open world economy.