The Belt and Road Initiative
In 2013, Chinese President Xi Jinping put set out the strategy of building the Silk Road Economic Belt and a 21st Century Maritime Silk Road known shortly as the Belt and Road Initiative. The proposal caught the interest of the global community, and quickly gained the support of nations on the route. Over the past years, China and partner countries, together with regional organizations, have built the Belt and Road Initiative. Innovative methods have strengthened multilateral ties and enhanced regional cooperation, making impressive progress.
This visionary concept, which leverages China's historical connections, has created a new opportunity to rejuvenate ancient economic andcultural ties. The idea carries forward the spirit of the ancient Silk Road,one that was based on mutual trust, equality and shared benefits, mutual learning, and cooperation.
The New Silk Road Economic Belt
An opportunity to Work, Share, Prosper and Succeed Together.
The development of the initiative also promotes peace, cooperation and offers a win-win strategy for all. The concept links the Chinese dream to the global dream and has far-reaching strategic significance.
Once the Belt and Road vision is realized, it has created the most promising economic corridor, directly benefiting a population of 4.4 billionpeople: 63 percent of the global population. Between them they have a collective GDP of $2.1 trillion, which accounts for 29 percent of the world's wealth.
The region Belt and Road Initiative encompasses is the most dynamic and vibrant economically, with many developing countries and emerging market economies offering huge growth potential. China already has close economic and trade cooperation with many nations along the proposed route, accounting for a quarter of its total foreign trade. The annual trade between China and these countries has grown by 19 percent, on average, in the past decade alone.