The Belt and Road Initiative (BRI) has offered a popular platform for international cooperation, over the past 10 years. The joint project is all set to celebrate its 10 years anniversary, which is expected to involve great bilateral cooperations under its umbrella. This project includes different regions, development stages, and civilizations. China has signed over 200 Belt and Road cooperation documents with more than 140 countries, and more than 30 international organizations.
Additionally, the BRI, which advocates global cooperation and prosperity under a shared future, has provided a platform to boost living standards and foster unity, and has gained unprecedented recognition around the world. As the initiative is set to welcome its 10-year anniversary, by reaching out to several industry experts and representatives, it is seen that the initiative has become stronger and more popular worldwide, despite challenges.
Since its proposition in 2013, after years of development, it has become a pillar in providing a new driving force for global economic and trade development. While some countries are facing serious development challenges, mostly posed by infrastructure gaps, BRI provides opportunity to the world. It is a dream of many developing countries because greater facilities connectivity and establishment of economic cooperation can enhance the economic prosperity of partner countries.
Countries, especially developing countries, along the BRI routes, have been hit hard by changes in the international situation and the pandemic, and are in urgent need of more development funds, experts said, noting that the BRI is also in active response to the changes.
To better cope with the global risks, including the so-called “debt issue” frequently raised by the West in regard to BRI projects, PowerChina said that the company will continue to adhere to business strategies including ensuring stable operation of projects while managing risks at controllable level and guaranteeing benefits for sustainable and win-win development.
Experts believe that China has made a big effort and contribution to help developing countries to carry out further construction, transformation and upgrading. The process of Chinese-style modernization is very likely to be proved very good for current developing countries to avoid crises in the future.
