'Belt and Road Initiative' to help revive trade with partners
IN HIS SPEECH AT THE RECENT BOAO FORUM, top leader Xi Jinping said China's "Belt and Road Initiative" will not replace the existing regional cooperation mechanisms. Instead, they will help economies coordinate with each other strategically. More than 60 economies and international bodies have welcomed the initiative. Comments:
To make the initiative successful, China must take measures to let the economies that have responded positively realize China's sincerity and the potential benefits they could derive from them. China is making the right moves such as founding the Asian Infrastructure Investment Bank and establishing a fund for the initiative, both of which will support the economies with ample funds.
Xu Liping, a researcher in Southeast Asian affairs at the Chinese Academy of Social Sciences, March 30