Home / World / Economic cooperation

Key forum to rally support for Belt and Road Initiative

Xinhua | Updated: 2017-04-20 10:22
BEIJING - China is counting on an upcoming forum to build support for its Belt and Road Initiative, a Chinese solution to global economic blues.

Next month, the Belt and Road Forum for International Cooperation will convene in Beijing.

The gathering meets an increasingly urgent need for a new cooperation platform that brings countries together to pull the world out of the economic mire and inject fresh energy into interconnected development.

The world experienced the worst economic hardships last year since the global financial crisis, with a 13-percent drop in foreign direct investment and weak trade growth.

"We do not lack the resources or ability to address our problems, but the current fragmented and exclusive international cooperation model makes it difficult to integrate resources," Chinese Foreign Minister Wang Yi said on Tuesday at a press briefing.

A new platform is needed to explore ways of cementing economic recoveries, creating new growth and improving infrastructure, Wang said.

The two-day forum starting May 14 may go some way to showing that the initiative proposed by China in 2013 can do that job.

The Belt and Road Initiative aims to become a transnational network connecting Asia with Europe and Africa, promoting common development among all countries involved. The meeting is expected to translate the ambitious blueprint into solid progress and turn a new page on the initiative.

Thus far, 28 heads of state and government leaders have confirmed their attendance at the forum. Other delegates include officials, entrepreneurs, financiers and reporters from 110 countries, and representatives of 61 international organizations.

Wang expects the results of the forum to range from consensus building to specific measures on implementation. China expects to sign agreements with around 20 counties and 20 organizations at the event.

Previous 1 2 Next

Most Viewed in 24 Hours