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After making significant headway in the past four years, the Belt and
Road Initiative has entered the implementation stage and was even cited
as a priority for further opening up the Chinese economy at the recent
19th National Congress of the Communist Party of China. We (Standard
Chartered China) identify five reasons to be positive about the
initiative.
To begin with, policy connectivity has been enhanced. Belt and Road
projects are being coordinated with initiatives across economies and
include the Eurasian Economic Union, the Master Plan on ASEAN
Connectivity, the Investment Plan for Europe, Turkey's Middle Corridor
initiative, Kazakhstan's Bright Road and Vietnam's Two Corridors, One
Economic Circle. Supported by more than 100 countries and international
organizations, the Belt and Road Initiative is expanding its coverage to
more countries in Europe, Africa, Latin America and Oceania. And the
Belt and Road Forum for International Cooperation held in Beijing in May
has consolidated policy coordination on cross-regional cooperation for
the initiative.
Trade between China and the economies involved in the Belt and Road
Initiative has been robust, exceeding $3 trillion between 2014 and 2016.
The momentum has continued this year, with China's total trade with 64
economies involved in the initiative in the first half reaching $512.2
billion, up 13 percent year-on-year.
source:http://www.chinadaily.com.cn/cndy/2017-11/16/content_34592778.htm
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