BRI at 8 and future prospects Mehmood-ul-Hassan Khan

Analytics 15:20 27.11.2021

Eurasia Diary presents an an article titled "BRI at 8 and future prospects"  published in Pakistan Observer. 

Article was written by Mahmood Ul Hasan Khan, Director, Geopolitics/Economics, Regional geopolitical expert of China, CPEC & BRI.

WHILE addressing a high-level symposium on the Belt and Road Initiative (BRI) Chinese President Xi Jinping has devised a new holistic approach and comprehensive policy for high-quality Belt and Road cooperation.

During his keynote speech President Xi Jinping set out a new vision for the Belt and Road Initiative (BRI) and projected its high-standard, sustainable and beneficial advancement to public well-being and support developing nations in going green and low-carbon in their energy sectors.

President Xi shared that, primarily, China initiated the concept of BRI for cooperation on interconnectivity and created new opportunities for international cooperation.

Xi, the General Secretary of the Communist Party of China Central Committee, stressed the importance of striving to attain a higher level of cooperation, higher investment efficiency, higher quality of supply and greater resilience in the growth of the initiative.

China has signed cooperation documents on jointly building the Belt and Road with 172 countries and 32 international organizations since the BRI was proposed by Xi in 2013.

Xi pinpointed that, with the dawn of scientific and technological revolution and industrial revolution has increased fierce competition and climate change and the COVID-19 pandemic exerting an unprecedented influence on humanity, the international environment for the BRI is becoming increasingly complex.

He urged to take steps to further enhance land, maritime, air transport and internet interconnectivity with steps to deepen cooperation in both traditional and new types of infrastructure programs and to lift the level of alignment in rules and standards.

He stressed the need to have unimpeded trade flows with neighbouring countries, encourage imports of more high-quality products and improve the level of trade and investment liberalization and facilitation.

He upheld the necessity to continue expanding cooperation in three-party or multiparty markets and conduct more cooperation on production capacity adding that participation by multilateral development agencies and financial institutions from developed nations should be encouraged.

In this connection he pinpointed that for the further strengthening of cooperation in new areas such as health, green development, digitalization and innovation, adding that China should continue to do its best to help nations participate in the BRI to fight the pandemic.

He promoted the green transition of developing nations, through information sharing and capacity building in green and low-carbon development and to deepen ecology, environment and climate governance cooperation.

Xi highlighted the need to deepen digital cooperation, develop Silk Road e-commerce and formulate a pattern for digital cooperation, adding that international cooperation in intellectual property rights protection must be scaled up.

He called for heightened efforts to ensure stable industry and supply chains and promote the diversification of sources.

In this context, he suggested to explore the establishment of an all-weather early warning and evaluation service platform for risks faced by its overseas programs to enable timely risk warning and evaluation on a regular basis.

It’s been eight years since Chinese President Xi Jinping announced Belt and Road Initiative (BRI) in 2013.

He first proposed the Silk Road Economic Belt in Kazakhstan in September 2013. Since then, over 200 cooperation agreements/MoUs have been signed with 172 countries and international organizations.

This resulted in $9.2 trillion in cumulative trade and $130 billion in Chinese foreign direct investment in BRI.

Many experts termed BRI as project of the century which provides win-win befitting proposition for the participating countries.

During the past eight years, participating countries have gained sustainable benefits under the BRI, Pakistan has improved its infrastructure, drastically reduced its energy deficit, geared up massive industrialization and generated employment opportunities.

BRI has now become engine of growth and modernization of the economic and developmental infrastructure of many member countries through cooperation, the exchange of benefits and common interests.

Moreover, the BRI has become a popular platform for international cooperation and has continuously supported African countries to improve infrastructure, including transportation and electricity.

It has become icon of health, green development, digital industry. Moreover, the BRI actually breaks the shackles of the western zero sum model and promotes cooperation and collaboration and common prosperity and development.

The lack of responsible American leadership has created an opportunity for China to showcase alternative model of regional as well as international sustainable economic development and greater socio-economic integration in the shape of BRI which consequently supported much-needed multipolar world. It has digital, financial and health dimensions of partnerships.

It plans to create a community of common destiny for mankind by responsibly reforming irreversible globalization processes for a more balanced, equitable and optimal development process and opportunities for all.

BRI is pioneered by the People’s Republic of China which is the 2nd largest economy of the world and is much different from the prior model of globalization that was spearheaded by developed nations in the West.

BRI-led international development model is completely different from the West. It is anti-imperialist which economically liberates enslaved and discriminated people through voluntary agreements between all parties.

For the last eight years, BRI has been mutually beneficial for all the involved parties due to which living standards have been further improved among the member countries.

Global South partners as bilateral trade increases, Chinese connectivity investment unlocks those countries’ full economic potential and training programs empower their citizens.

Predictions of an African century to accompany the already discussed Asian century are entirely due to the impact of the BRI which merely focus on expanding South-South partnerships and represents a milestone in the history of globalization.

Western countries occupied and colonized almost all non-Western people with a very few exceptions.

To conclude, it has been eight years since its inception and activation, but BRI has already changed the world.

It has become more than a network of comprehensive partnerships led by the world’s largest developing nation and nowadays akin to a vision of the future for many.

It inspires the majority of the world’s people to work towards a better, more balanced and equitable future. BRI precisely showcases a truly democratic model of socio-economic development.

It seems that China will encourage the construction of green infrastructure in participating countries of the BRI to foster sustainable and high-quality development of the global economy.

China has now focused on promoting green and low-carbon energy in markets along the Belt and Road and developing efficient, clean and renewable energies such as gas, solar, wind power, hydropower and nuclear power.

 

Azerbaijan takes measures to turn Khankandi into safe city - VİDEO

News line

Crocus City Hall terrorists took drugs before attack - law enforcement agencies
Crocus City Hall terrorists took drugs before attack - law enforcement agencies
18:33 28.03.2024
Azerbaijan, UN Development Program mull future co-op
18:00 28.03.2024
An Independent Trade Union Established within International Eurasia Press Fund - First in NGO sector - PHOTOS
17:39 28.03.2024
Italian PM condemns Macron for idea of sending troops to Ukraine
Italian PM condemns Macron for idea of sending troops to Ukraine
17:23 28.03.2024
Azerbaijan lends clarity to color requirement for taxis
17:02 28.03.2024
Isaac Herzog: Israel has no greater friend than US, and US has no greater friend than Israel
Isaac Herzog: Israel has no greater friend than US, and US has no greater friend than Israel
16:45 28.03.2024
Nigerian army eliminates over 200 militants in 2 weeks
16:30 28.03.2024
Armored Vehicle Coalition for Ukraine launched in Poland
Armored Vehicle Coalition for Ukraine launched in Poland
16:15 28.03.2024
Russia strengthens transport security measures after terror attack at Crocus City Hall
Russia strengthens transport security measures after terror attack at Crocus City Hall
15:55 28.03.2024
Türkiye plays an important role between Russia and Ukraine - says political scientist Ismail Cingoz
15:45 28.03.2024
2 schoolchildren detained in France on suspicion of sending bomb threats
15:35 28.03.2024
Ski resort in Georgia hit by avalanche
Ski resort in Georgia hit by avalanche
15:26 28.03.2024
Another protest against French colonialism held in New Caledonia, Azerbaijani flag raised
Another protest against French colonialism held in New Caledonia, Azerbaijani flag raised
15:15 28.03.2024
Media: US did not transfer all information about terrorist attack in Crocus City Hall to Russia
15:00 28.03.2024
Movement ‘Together’ calls on Armenia’s parliamentary forces to express vote of no confidence in Pashinyan
14:41 28.03.2024
Azerbaijan to participate in international trade fair in Istanbul
Azerbaijan to participate in international trade fair in Istanbul
14:32 28.03.2024
Le Pen accuses French government of fraud
14:22 28.03.2024
Armenian Government Grapples with Internal Division on Village Return Issue - Ishkhan Verdiyan talks on Ednews
14:12 28.03.2024
Ammunition found along route of Crocus City Hall terrorists
Ammunition found along route of Crocus City Hall terrorists
13:41 28.03.2024
Expert Ilyas Huseynov Predicts Peaceful Return of these territories to Azerbaijan
13:20 28.03.2024
Azerbaijan weather forecast for March 29
Azerbaijan weather forecast for March 29
12:55 28.03.2024
Russian MFA concerned about upcoming Armenia-US-EU meeting
12:23 28.03.2024
Secret Points of Pashinyan's Meeting with French Representative: Is Peace Agreement Signing Imminent?
12:00 28.03.2024
Armenia announces recruitment of border guards to work at Zvartnots
Armenia announces recruitment of border guards to work at Zvartnots
11:47 28.03.2024
The US-Armenia-EU Joint Conference is a part of the pressure plan on Azerbaijan - MP Konul Nurullayeva
11:30 28.03.2024
Azerbaijan’s central bank reduces discount rate
Azerbaijan’s central bank reduces discount rate
11:23 28.03.2024
CSTO chief: ‘Yerevan doesn’t participate in our work, but there are no statements about suspension’
11:13 28.03.2024
Ammunition found in Khankandi
Ammunition found in Khankandi
11:00 28.03.2024
Russia had been aware of preparation for terrorist attack at Crocus - says intelligience chief
10:46 28.03.2024
Scholtz reveals date of his last telephone conversation with Putin
Scholtz reveals date of his last telephone conversation with Putin
10:33 28.03.2024
Head of the SSS: France is inciting Armenia to a new war
10:21 28.03.2024
Are we in the brink of World War III? - Pundit talks on Ednews
10:10 28.03.2024
Azerbaijan's National Security: Reflecting on 105 Years of Defending Sovereignty
09:55 28.03.2024
Hikmat Hajiyev: Rasmussen fell in forgetfulness to attach payment to his report
09:35 28.03.2024
Hand grenades found in Kalbajar
09:25 28.03.2024
Titanic 'door' prop that kept Rose alive sells for $718,750
Titanic 'door' prop that kept Rose alive sells for $718,750
08:50 28.03.2024
Twitch's biggest streamer diagnosed with cancer diagnosis at 32
23:55 27.03.2024
Azerbaijan's former Minister of National Security passes away
22:41 27.03.2024
Russia has no unfriendly states, only unfriendly elites — Putin
22:25 27.03.2024
Erdogan vows to make efforts for implementation of UN resolution regarding Gaza
Erdogan vows to make efforts for implementation of UN resolution regarding Gaza
21:44 27.03.2024
Hamısı