Xi promotes high-quality cooperation under Belt and Road Initiative
- Xi Jinping emphasized the importance of high-quality cooperation under the BRI during a speech in Beijing.
- The Belt and Road Initiative, launched in 2013, has led to significant infrastructure projects and economic growth in participating countries.
- The initiative continues to expand its partnerships globally, demonstrating its commitment to fostering mutual development and cooperation.
On December 2, 2024, in Beijing, Chinese President Xi Jinping emphasized the need for comprehensive advancements in high-quality cooperation under the Belt and Road Initiative (BRI). Since its inception in 2013, the initiative has achieved significant milestones, fostering better economic and social ties between China and participating countries. The framework aims to enhance mutual understanding and development while establishing an open international order. As the initiative expands, more than 200 cooperation documents have been signed, establishing connections with over 150 countries and multiple international organizations. Significant infrastructure projects like the China-Laos railway and the Jakarta-Bandung high-speed railway exemplify the initiative's success. Importantly, recent improvements, such as the opening of Chancay Port in Peru which has drastically reduced shipping times and costs between China and Peru, illustrate the practical benefits of BRI. This port not only enhances trade efficiency but also creates thousands of jobs, showcasing the initiative's positive impact on local economies. President Xi’s recent Latin America trip, where he forged synergies between BRI and Brazil’s development strategies, indicates a strategic move to broaden cooperation in areas perceived as crucial, including infrastructure, finance, and sustainable development. Furthermore, the discussions highlighted a commitment to addressing energy transition and aerospace collaboration as part of the development goals. Years of joint construction projects have illustrated the transformative impact of the BRI on various regions. In the Maldives, the first cross-sea bridge was completed, while communities in Senegal benefited from improved access to drinking water. Furthermore, in Bangladesh, efforts have led to electrification for remote villages, significantly improving quality of life. Xi Jinping’s leadership continues to push for innovative and collaborative approaches under the BRI stemming from a commitment to shared prosperity and sustainable development across borders.