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Nations gear up for China's Belt and Road forum

Beijing, China: Heads of state and government, international leaders and ministerial-level officials from various countries will attend the Belt and Road Forum for International Cooperation in Beijing in May.

Chinese Foreign Minister Wang Yi ( centre ) answers questions on China's foreign policy and foreign relations at a press conference for the fifth session of the 12th National People's Congress in Beijing.

Chinese Foreign Minister Wang Yi on Wednesday answered questions on China's foreign policy and foreign relations at a press conference for the fifth session of the 12th National People's Congress, with a focus on connectivity, policy, infrastructure, trade, finance and people.

“Beijing is an area of global attention and the Belt and Road Initiative will continue to be a hot topic around the world,” Mr Wang said.

The concept of the Belt and Road Initiative comes from China but it belongs to the world with its benefits flowing to all countries.

Over the past three years since President Xi Jinping first announced the initiative, cooperation has accelerated.

While the trends of protectionism and unilateralism are rising, the Belt and Road Initiative has become the common cause of the world which will help to rebalance economic globalisation by making it more universally beneficial and inclusive, Mr Wang said.

The forum in May will build consensus and connect the development strategies of various countries.

It will also examine cooperation in key areas and finalise major projects in infrastructure connectivity, trade and investment, financial support and people-to-people exchanges.

Medium and long-term cooperation initiatives will be announced and long-term cooperation mechanisms explored to build a closer and more result-oriented network of partnerships, he said.

China has invested more than US$50 billion in countries along the Belt and Road since the nation proposed the initiative in 2013. The Belt and Road Initiative has won support from over 100 countries and international organisations, with nearly 50 cooperation agreements signed between governments.

More than 20 heads of state and government, over 50 leaders of international organisations, over 100 ministerial-level officials, as well as over 1,200 delegates from various countries and regions will attend the Belt and Road Forum in Beijing.

The initiative was proposed by China in the hope of creating a trade and infrastructure network connecting Asia with Europe and Africa along ancient trade routes.

In the spirit of regional connectivity, China is working in aviation, power, rail, road and telecommunications projects with participating countries.

Mr Wang also said China will continue to be an anchor of international stability, an engine of global growth, a champion of peace and development and a contributor to global governance.

 

 

Khonesavanh Latsaphao
  (Latest Update March 10, 2017)

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