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.
The Global Development Initiative demonstrates China’s enduring commitment to uplifting the fortunes of the developing world.
We can conclude that Central Asia and China will either share a common fate and success, or different fates and crisis. The current global turbulence pushes both sides to cooperate more with one another.
The most pressing challenge in this global environment is for countries to remain open, prudent and to act in their own best interests, as opposed to fighting the hegemonic struggles of other countries.
The BRI offers a model of international cooperation for all the participants and provides new opportunities for regional connectivity and economic integration.
The new era is less a rupture in time than one that aims to bridge in positive ways China’s past, present and future.
‘Debt trap’ accusation against China is a deliberate attempt to undermine the BRI. Loans from China are used to build infrastructure projects that boost productivity and increase repayment capacity, whereas loans from the West are normally used to cover trade and fiscal deficits at high-interest rates.
The connectivity, geographically speaking, between China, far east, and Portugal, far west, is quite important for everybody.
Finding synergies with the BRI could amplify win-win situations in the Asia Pacific, and subsequently in Eurasia, Africa, and Latin America.
Thanks to CBEC, small and micro companies that previously found themselves marginalized in international trade can now participate directly in global product and supply chains.
Despite being separated by mountains and oceans, the Chinese and Brazilian people are close in heart and soul.
BRICSA has a total area of 42,512,890 square kilometers and a total population of about 3.6 billion people. In other words, it covers about 30 percent of the world’s land surface and houses 42 percent of the world’s population.