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 BRI has already become a vital driver of new growth, especially in the Global South. It is increasingly assessed as perhaps the most globally transformative project launched by any country in history.
Official data suggest that the BRI has been gaining momentum in countries and regions all over the world through its networks of roads, ports, railways, power plants, and other infrastructure projects.
“Although our two countries are geographically far apart, our two peoples are close in hearts,” Maja Stefanovic, Serbian Ambassador to China said in fluent Chinese. Serbia is an important link of the Belt and Road (BRI) and has numerous ongoing infrastructure projects with China. Check out her full interview on the BRI’s impact in Serbia.
The Belt and Road Initiative is by no means done and will continue to serve as a crucial platform in driving globalization.
The BRI will serve as a shield protecting China and its partners in the Middle East from future turmoil in the turbulent international political situation, boost national and regional socioeconomic progress, and safeguard the space created for international peace and cooperation.
There is genuine demand among these developing countries for the roads, railways, ports and power projects China has been building under BRI. It fills a vital developmental gap.
Armenia is one of the first countries to welcome the Belt and Road Initiative. Sergey Manassarian, the Armenian ambassador to China, says the BRI is more than a business program. The BRI is a unique program with the main purpose of establishing a justified world, creating the possibility for all countries to develop, and for achieving a shared future, he said.
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