Positive Gains Made With Belt and Road Initiative

In an address delivered at the Legislative Chamber of Oliy Majlis of the Republic of Uzbekistan on 22 June, President Xi Jinping pointed out that the Belt and Road initiative produced positive outcomes in diverse fields.

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Chinese President Xi Jinping attends the fourth Nuclear Security Summit in Washington D.C., the United States, April 1, 2016. [Xinhua]
Chinese President Xi Jinping attends the fourth Nuclear Security Summit in Washington D.C., the United States, April 1, 2016. [Xinhua]
Spining

To date, more than 70 countries and international organizations have joined the initiative.

Chinese President Xi Jinping attends the fourth Nuclear Security Summit in Washington D.C., the United States, April 1, 2016. [Xinhua]
Chinese President Xi Jinping attends the fourth Nuclear Security Summit in Washington D.C., the United States, April 1, 2016. [Xinhua]
China has released the Vision and Actions on Jointly Building Silk Road Economic Belt and 21st Century Maritime Silk Road and signed cooperation agreements with over 30 countries.

China has signed agreements on production capacity cooperation with 20 countries and established 46 overseas economic and trade cooperation zones with 17 countries. Chinese companies have invested over US$14 billion in relevant countries and created 60,000 local jobs.

The Asian Infrastructure Investment Bank is up and running with the active participation of 57 countries. The Silk Road Fund and the China-Eurasia Economic Cooperation Fund have been set up.

In 2015, two-way trade between China and the Belt and Road countries exceeded US$1 trillion, accounting for 25% of China’s foreign trade; Chinese companies made nearly US$15 billion direct investment in 49 Belt and Road countries, up by 18% year-on-year; Belt and Road countries invested over US$8.2 billion in China, up by 25% year-on-year.

All in all, initial plans and layout have been completed and tremendous efforts are being made for the implementation of agreed projects and sustained development of the Belt and Road initiative.

Source: (People’s Daily)

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