LINE

    Text:AAAPrint
    Politics

    Be open-minded about China's Belt and Road Initiative

    1
    2017-04-28 09:24Xinhua Editor: Gu Liping ECNS App Download

    For a Western world that embraces competition, it is not easy to understand the Chinese way of thinking that calls for harmony and stability.

    As Beijing is preparing for a high-level forum on the China-proposed Belt and Road (B&R) Initiative that eyes win-win cooperation, some concerns from the West have emerged over China's motives.

    The B&R Initiative proposed by China in 2013 consists of the Silk Road Economic Belt and the 21st-Century Maritime Silk Road. It aims to build a trade and infrastructure network connecting Asia with Europe and Africa along and beyond the ancient Silk Road trade routes.

    Some media reports say the initiative is not win-win as China "seeks to dominate," adding that China's state-owned firms "grab the lion's share" of major projects.

    But such assertions overlook the fact that capital, including money and human capital, to build the giant trade and infrastructure network needs to come not only from Chinese enterprises, but also from their Western partners.

    For Western companies, the Belt and Road Initiative presents "multinational businesses with historic possibilities," according to an article published online by Forbes in February.

    The article listed the five key areas of interest for Western firms. They are capacity building -- the B&R Initiative's massive funding requirements must come from both public institutions and private investors offering opportunities for Western services firms -- as well as clean energy and sustainable projects, strategic value chains, new markets for consumer goods and faster transit times for cargo.

    Also, some media reports arbitrarily link the initiative with politics, saying China seeks "global leadership" through the initiative.

    In fact, the Belt and Road Initiative was proposed during the post-crisis era when the world urgently needed an open and inclusive global economy.

    Almost nine years after the 2008 financial crisis, the world economy is still struggling to recover. According to a UN Conference on Trade and Development and World Bank report last year, foreign direct investment around the world dropped by 13 percent, while global trade grew by slightly more than 1 percent, the worst performance since the crisis.

    Meanwhile, fragmented international cooperation makes it difficult to effectively integrate resources to address global challenges.

    Against such a backdrop, Chinese President Xi Jinping put forward the initiative offering opportunities for cooperation and development for all, which shows the Chinese leader's global vision and China's willingness to shoulder due international responsibilities as a major developing country.

    Furthermore, as some Western media are hyping the absence of some Western leaders at the upcoming forum, they should be reminded that the initiative is not an elite club for Western countries but serves mostly for developing countries. It is a circle of friends, with representatives from more than 100 countries attending.

    German Chancellor Angela Merkel said her country supports the Belt and Road. Although Merkel is unable to attend due to a scheduling conflict, she will send Minister of Economic Affairs Brigitte Zypries in her place. Britain and France will also send high-level representatives.

    Western countries ought to be more open-minded about the Belt and Road Initiative proposed by China, a country deeply influenced by a philosophy of seeking common ground while preserving differences.

    It is hoped that countries along the ancient trade routes and beyond will benefit from the initiative and realize common prosperity to spur a sluggish world economy.

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ©1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 新龙县| 稻城县| 吉林市| 呼和浩特市| 千阳县| 辉县市| 德令哈市| 西峡县| 咸宁市| 新余市| 泌阳县| 宁乡县| 哈密市| 育儿| 泸西县| 高雄市| 开远市| 陕西省| 确山县| 江都市| 满城县| 麻栗坡县| 上杭县| 繁峙县| 红原县| 庆安县| 龙里县| 温州市| 南川市| 大连市| 湾仔区| 邓州市| 海晏县| 绍兴县| 太康县| 梓潼县| 楚雄市| 纳雍县| 甘德县| 富民县| 清水县|