Share This

Thursday, October 19, 2023

China invites all countries to join in global development with Belt and Road cooperation to a new stage of high-quality development, while the US supports two wars




/



While the third Belt and Road Forum for International Cooperation was being held fervently in China, US President Joe Biden flew to Israel on Wednesday to express support to this US staunch ally, which is currently in the midst of war and facing criticism and condemnation

China and the US are truly different. China calls for and supports global construction, such as building roads, bridges and ports, while the US encourages war and supports confrontation. Currently, there are two wars in the world, and China has not joined either of them. China is calling for a ceasefire and resolving issues through negotiations. In contrast, the US "stands with" one side in both wars, providing money and weapons to support that side in achieving victory.


> You cannot help but think that there may be a major reason behind this. China is a big nation in construction and infrastructure development, so we encourage the world to join us in promoting infrastructure construction, allowing China's tremendous advantages to benefit the world. On the other hand, the US has the fastest weapon iteration and it's the No.1 military power in the world. Hence, it needs tension and frequent wars because the more wars it fights in, the more important the US becomes, and also the better its weapons sell. There will be also more countries seeking US' assistance from different perspectives.

China maintains cooperative relationships with all countries, and the Belt and Road Initiative (BRI) is the world's largest platform for consultation, construction, and cooperation. The US claims to be a leader, but often acts more like a kidnapper. It promotes various conflicts and tensions, and then offers the so-called "protection," causing many countries to be swept along in the major conflicts and situations driven by the US.

China sends engineering teams and machinery to various parts of the world, while the US deploys military forces. American aircraft carriers roam the major oceans, and US intelligence agencies are also very active. American modern war films and spy films have an endless supply of real-life materials.

After the Cold War, peace and development had become the theme of the world. However, it was the US that destroyed the cooperative relationship among major countries and brought the world back to the era of the so-called "great power competition." It seems that the US is familiar with and only adapts to a pattern of fighting and confrontation in order to regain its sense of purpose.

Let the US go crazy and provoke hatred around the world. China needs to stick to its own path. A bright future cannot be achieved through fighting alone; it must be built through cooperation, just like the principles advocated by the BRI. China has sufficient military strength to defend itself, and our development path aligns with the aspirations of countries around the world. The return to the path instigated by the US will surely become narrower in the course of time, while the future path pioneered by China will only become wider.



Related posts:





Related:
Chinese President Xi Jinping on Wednesday announced eight major steps China will take to support high-quality Belt and Road cooperation in a keynote speech at the opening ceremony of the third Belt and Road Forum (BRF) for International Cooperation, with guests of the event and Chinese experts acknowledging what China and its partners worldwide have accomplished in the past decade. They're also co
Xi announces eight major steps, to advance modernization of all countries

Chinese President Xi Jinping poses for a group photo with distinguished guests attending the third Belt and Road Forum for International Cooperation at the Great Hall of the People in Beijing, capital of China, October 18, 2023. Xi on Wednesday attended the opening ceremony of the third Belt and Road Forum for International Cooperation and delivered a keynote speech. Photo:Xinhua

Chinese President Xi Jinping poses for a group photo with distinguished guests attending the third Belt and Road Forum for International Cooperation at the Great Hall of the People in Beijing, capital of China, October 18, 2023. Xi on Wednesday attended the opening ceremony of the third Belt and Road Forum for International Cooperation and delivered a keynote speech. Photo:Xinhua



Chinese President Xi Jinping on Wednesday announced eight major steps China will take to support high-quality Belt and Road cooperation in a keynote speech at the opening ceremony of the third Belt and Road Forum (BRF) for International Cooperation, with guests of the event and Chinese experts acknowledging what China and its partners worldwide have accomplished in the past decade. They're also confident that the encouraging message and promises will start a new journey for another "golden decade."

The opening ceremony was attended by representatives, including heads of state, government chiefs and senior officials, from over 140 countries and 30-plus international organizations, according to the Xinhua News Agency. Analysts said the grand event has showed the influence of China and the Belt and Road Initiative (BRI), and in the next 10 years, with continuous efforts by China and other members of the international community, the BRF is able to become the biggest and most important multilateral platform for global development and governance. 

Experts said in the next step China will keep its investment but will diversify the source of funds by encouraging and attracting more funds from private capitals inside and outside China, to push for the internationalization of the yuan, and based on the current geopolitical situations, to reduce and avoid risks, and promote the projects based on characteristics of various regions in different continents, and make high-quality development better serve the interests of more countries and more people. 

"Belt and Road cooperation, robust and fruitful in its first decade, is now full of dynamism and vitality. We must embark with drive and enthusiasm on the new journey toward another golden decade," Xi told the guests, including state leaders and heads of international organizations, when giving a toast at the banquet held at the Great Hall of the People on Tuesday.

Encouraging message

Among the eight major steps announced by Xi, first, China will build a multidimensional Belt and Road network. "The country will speed up high-quality development of the China-Europe Railway Express, participate in the trans-Caspian international transportation corridor, and host the China-Europe Railway Express Cooperation Forum," President Xi said.

Xi noted that China, together with other parties, will build a new logistics corridor across the Eurasian continent linked by direct railway and road transportation. 

Second, China will support an open world economy, with its total trade in goods and services expected to exceed $32 trillion and $5 trillion respectively in the 2024-2028 period. Third, China will carry out practical cooperation for the BRI. The country will promote both signature projects and "small yet smart" livelihood programs, the president said.

Xi vowed more financing support for BRI projects on the basis of market and business operation, noting that the China Development Bank and the Export-Import Bank of China will each set up a 350 billion yuan ($48.75 billion) financing window, and that an additional 80 billion yuan will be injected into the Silk Road Fund.

Analysts said 350 billion yuan each plus 80 billion yuan, which would be 780 billion yuan ($106 billion), if this goal is achieved, the money will be able to afford 20 more "Jakarta-Bandung high-speed railway" projects, which cost about $5.1 billion, or 2.5 "China-Pakistan Economic Corridor" projects, which is a flagship project of the BRI estimated to cost $46 billion investment in total. 

Wang Yiwei, director of the Institute of International Affairs at the Renmin University of China, told the Global Times that the plan of financing will be able to attract more funds from private capitals around the globe, and will also promote the reform of Chinese State-owned companies, and will also further advance the internationalization of the yuan.   

"The two financing windows announced by the Chinese President will play a crucial role in mobilizing more international funding for BRI projects, meanwhile offering an open, transparent way that could invite more nations into the joint construction of BRI," said Xu Liping, the director of the Center for Southeast Asian Studies at the Chinese Academy of Social Sciences.

"For instance, for some nations in the Middle East, they may have substantial funds but limited investment channels. But this can enable them to find a way to invest while also offering help for those in urgent need for the capital," Xu told the Global Times on Wednesday, noting that the transparency and internationalization of the financing channels are also designed to counter Western smears such as the so-called "debt traps."  

China will carry out 1,000 small-scale livelihood assistance projects, and enhance vocational education cooperation through Luban Workshops and other initiatives, Xi said during his speech, adding that more efforts will be taken to ensure the safety of BRI projects and personnel. The CEO Conference held during the forum saw the conclusion of agreements worth $97.2 billion, he said.

Liang Haiming, dean of the Hainan University Belt and Road Research Institute, told the Global Times on Wednesday that these data showed the BRI is very popular and welcomed globally, and that's why entrepreneurs from all over the world can reach deals worth $97.2 billion at the CEO conference.

Shen Yi, an expert on international relations at Fudan University, said that "Although some Western political elites and media outlets are being hostile toward the BRI, we can barely hear criticism from Western companies. Why? Because they are also earning money from it. Many BRI projects are open for international participation with transparency and fairness."

On building a multidimensional Belt and Road connectivity network, Zilola Yunusova, a spokesperson of the Uzbek Embassy in China, shared some encouraging news. Yunusova told the Global Times that "Work is currently under way on a trilateral basis on the China-Kyrgyzstan-Uzbekistan railroad construction project. The realization of this project will have a positive impact on the economic development of the republic and will be an important link in the formation of the China-Central Asia-West Asia Economic Corridor - one of the key corridors of the Belt and Road."

Foreign guests are confident about China's determination and the actions that China announced for starting another "golden decade." Hon Viliame R. Gavoka, Fiji deputy prime minister and minister for tourism and civil aviation, also a guest at the opening ceremony, told the Global Times on Wednesday that "Knowing what you have accomplished in the last 10 years. I'm very confident this [the eight major steps] will also be accomplished."

Chinese President Xi Jinping on Wednesday announced eight major steps China will take to support high-quality Belt and Road cooperation when addressing the opening ceremony of the third Belt and Road Forum for International Cooperation: GT Graphic

Chinese President Xi Jinping on Wednesday announced eight major steps China will take to support high-quality Belt and Road cooperation when addressing the opening ceremony of the third Belt and Road Forum for International Cooperation: GT Graphic



High-quality development    

Dennis Munene Mwaniki, executive director of the Africa Policy Institute, told the Global Times about his expectations for the future, saying that "China and African countries, including Kenya, should focus more on boosting the green silk road, health silk road, and a digital silk road," as the expert hopes the BRI can improve Africa's health system and help the continent to tap into global markets that can link the African Continental Free Trade Area with other free trade areas such as the Asia-centric Regional Comprehensive Economic Partnership (RCEP).

In response to these sorts of expectations from not only Africa but also many other regions worldwide, apart from the first three major steps covering infrastructure construction and financing, Xi announced concrete moves to boost high-quality BRI cooperation. 

Fourth, China will continue to promote green development. The country will further deepen cooperation in areas such as green infrastructure, green energy and green transportation, and step up support for the BRI International Green Development Coalition. Fifth, China will continue to advance scientific and technological innovation. China will continue to implement the Belt and Road Science, Technology and Innovation Cooperation Action Plan, and hold the first Belt and Road Conference on Science and Technology Exchange, noted Xi.

China will put forward the Global Initiative for Artificial Intelligence (AI) Governance at this year's forum. "We stand ready to increase exchanges and dialogue with other countries and jointly promote sound, orderly and secure AI development in the world," Xi said.

AI is a cutting-edge technology, yet there is no international consensus on making rules to govern it. Some Western countries with technological advantages are even using it to isolate and contain other countries' development, so as a major power with capability, China needs to step forward in this area and guide and improve international cooperation and coordination, experts said.

Sixth, China will support people-to-people exchanges, and seventh, China will promote integrity-based Belt and Road cooperation, Xi said.

Together with its cooperation partners, China will release the Achievements and Prospects of Belt and Road Integrity Building and the High-Level Principles on Belt and Road Integrity Building, and establish the Integrity and Compliance Evaluation System for Companies Involved in Belt and Road Cooperation, Xi announced. "We will also work with international organizations to carry out research and training on promoting integrity in Belt and Road cooperation," the president said.

Xu said that action to promote integrity-based cooperation is aimed at "addressing concerns raised by Western media about the lack of transparency in some BRI projects." As Belt and Road construction has transitioned to a phase of high-quality development, a greater alignment with market dynamics and international standards will be significant.

In order to respond to concerns as well as dispel rumors like "debt trap diplomacy" and "lack of transparency," the best way is to let actions speak louder than words, and by promoting integrity-based Belt and Road cooperation, the BRI will not just benefit the economic development of the Global South, but will also improve the capability of governance and morality among officials in developing countries, a remarkable achievement that can bring sustainable benefits, experts said.

Eighth, China will strengthen institution building for international Belt and Road cooperation. China will work with its BRI partner countries to strengthen the building of multilateral cooperation platforms covering energy, taxation, finance, green development, disaster reduction, anti-corruption, think tanks, media, culture and other fields, Xi said. China will continue to host the BRF and establish a secretariat for the Forum, he said.

Future and hopes

Apart from promising future, experts warned that challenges and problems should also be noticed. "The BRI still faces many new challenges, including geopolitical challenges caused by containment and hostility from the US and its alliance system, changes brought about by the new technological revolution, new pressures on global warming and climate change issues, and terrorism and turmoil. China should improve its ability to respond to risks and enhance the stability of the BRI," said Huang Renwei, executive director-general of the Fudan Institute for Belt and Road and Global Governance.

In the future, based on the situation that has emerged in recent years, including the Ukraine crisis and the renewed outbreak of the Palestine-Israel conflict, as well as the US-launched new cold war against China, the BRI can make adjustments to deal with these challenges. Huang said the BRI can be specifically designed for different regions based on their characteristics, and increase efforts to accomplish medium-size projects that are closely related to people's livelihoods to deliver them as quickly as possible. For large projects that take longer time, the priority would be risk management and control. 

Foreign leaders and guests have voiced their confidence in the BRI's future. Gyorgy Matolcsy, governor of the National Bank of Hungary, gave his opinion at a sub forum about why the BRI is successful and accepted worldwide. "First of all, it's fair and just," and for the about 150 countries that participate in the BRI, they all benefit, "so it's not just about win-win, but win, win, win, win, win…." 

Boris Tadic, former president of Serbia, said at a sub forum of think tanks at the BRF on Wednesday that in the past, people consider that the US is the country of hope, but now, China is the hope. He noted that China has chance to create many opportunities for the world by promoting the harmony of international relations and the BRI has done much to contribute in this aspect. 


BRI extends an invitation to entrepreneurs from all countries: Global Times editorial

With the advancement of the high-quality construction of the BRI, more enterprises from participating countries as well as other countries have jointly constructed a more diverse and vibrant economic ecosystem for the Belt and Road.

Xi announces major steps to support high-quality Belt and Road cooperation

Chinese President Xi Jinping on Wednesday announced eight major steps China will take to support high-quality Belt and Road cooperation.

BRI offers sustainable solution to geopolitical intricacies, says former Malaysian envoy

This year not only marks the milestone of the 10th anniversary of the Belt and Road Initiative (BRI) but also serves as a testament to the transformative impact it has had on the numerous countries in the Global South. As the world faces a complex web of geopolitical intricacies and intense confrontations, the third Belt and Road Forum for International Cooperation (BRF) offers a refreshing platform and sustainable way to achieve harmony and win-win, Dato Majid, president of the Malaysia-China Friendship Association and former Malaysian ambassador to China, told the Global Times on Wednesday.

Oct. 10, 2023. Photo:Xinhua

Wednesday, October 18, 2023

IMF sees China remains biggest contributor driving global growth of economy

 

Robot arms make automobiles in a factory in Qingdao, East China's Shandong province on Dec 20, 2022. [Photo/Xinhua]

Country to remain biggest contributor to global growth 

Economic engine: Cargo ships at Qingdao port in China. — AFP

China will likely remain the biggest contributor to global growth this year and next despite recent economic headwinds from the real estate sector, the International Monetary Fund said on Friday.

Steven Barnett, senior resident representative of the IMF in China, said although the fund has revised down its GDP growth forecast for China, the country is expected to contribute roughly one-third of global growth this year and next.

According to the IMF's World Economic Outlook in October, global economic output is forecast to expand by 3 percent this year, to which China is expected to contribute 0.9 percentage point, Barnett said.


He made the remarks at a launch of the publication in Beijing on Friday. The event was organized by the IMF Resident Representative Office in China and the International Monetary Institute at the Renmin University of China.

By comparison, the United States is forecast to contribute 0.3 percentage point while India's contribution might be 0.5 percentage point, Barnett told China Daily on the sidelines of the event.

In 2024, China is forecast to contribute 0.8 percentage point of the 2.9 percent global growth, just under one-third and still higher than 0.2 percentage point of the US and 0.5 percentage point of India, he said.

The WEO, published on Tuesday, has lowered the 2023 economic growth forecast for China to 5 percent from 5.2 percent, citing the pressures brought by the weakness in the real estate sector.

According to Zou Lan, head of the People's Bank of China's monetary policy department, the country's real estate market has recently seen positive changes, with reviving housing market transaction activity in key cities and marginal improvements in home sales and market expectations.

In terms of credit, real estate development loans and personal mortgages issued by major banks increased by more than 100 billion yuan ($13.68 billion) in September compared with August, Zou said at a news conference on Friday.

Zou also said the central bank's efforts to reduce the interest burden of existing mortgages have made rapid progress as 49.73 million in mortgages — representing 98.5 percent of the mortgages eligible for interest rate reduction and worth 21.7 trillion yuan in total — had interest rates reduced during the week starting Sept 25.

The weighted average interest rate of those mortgages decreased by 0.73 percentage point on average to a weighted average of 4.27 percent, Zou said, adding the alleviated interest rate burden will help boost investment and consumption.

While China faces real estate headwinds, it has the scope to boost the economy by reorienting fiscal stimulus to consumer spending and implementing further monetary accommodation given the lack of inflationary pressure, Barnett said.

To boost medium-term growth, it is critical for China to accelerate structural reforms, without which China's growth could slow to 3.4 percent in 2028, resulting in a slightly lower contribution to global growth of less than a quarter, Barnett said.

Ruan Jianhong, a PBOC spokeswoman, said China's central bank will continue to implement a sound monetary policy in a targeted and effective manner, aiming for overall and lasting improvements in economic performance.

Ruan said the country's macroeconomic leverage ratio came in at 291 percent for the second quarter of the year, up 9.4 percentage points compared with the end of last year and up 1.5 percentage points from the end of the first quarter.

Adding to signs that China's economic recovery is gaining momentum, financing activity picked up in September as the increment in aggregate social financing — the total amount of financing to the real economy — amounted to 4.12 trillion yuan, up by 563.8 billion yuan from a year earlier, the PBOC said on Friday.

The amount was also up from 3.12 trillion yuan in August and beat the market expectations of about 3.7 trillion yuan.


Related posts:




Tuesday, October 17, 2023

BRI provides clear path for world in turbulence to restore ‘peace, development’, US fans the flames of war, China exports peace and development with BRI, BRF answer to global challenges

     



BRI provides clear path for world in turbulence to restore ‘peace, development’

 

A foreigner is being interviewed by Chinese journalists in the media center for the third Belt and Road Forum for International Cooperation (BRF). The center started a trial run at the China National Convention Center on October 15, 2023.Photo:VCG

Amid turbulence as conflicts and bloodshed continue around the globe in countries like Palestine, Israel, Ukraine and Russia, members of the international community have never stopped seeking hope and solutions to make development sustainable, and maintain or restore peace and stability, with leaders and representatives from more than 140 countries as well as 30 international organizations arriving in China to participate in the upcoming Belt and Road Forum (BRF) for International Cooperation to be held in Beijing from Tuesday to Wednesday.

Chinese President Xi Jinping will attend the opening ceremony of the forum where he will deliver a keynote speech, and later hold a welcome banquet and bilateral events for guests attending the forum, according to the Chinese Foreign Ministry. The BRF this year will be held under the theme "High-quality Belt and Road Cooperation: Together for Common Development and Prosperity."

Kenyan President William Ruto on Sunday arrived in Beijing to attend the BRF, and Chilean President Gabriel Boric, who will also attend the forum, arrived in Chengdu, capital of Southwest China's Sichuan Province, to start his trip in China, the Xinhua News Agency and CGTN reported.

China Central Television aired an interview with Russian President Vladimir Putin on Sunday, with TASS reporting that this is an interview ahead of Putin's visit to Beijing. TASS said on Sunday that the Russian leader will visit China to attend the BRF as well as a China-Russia summit.

Great significance

"In 2008-2011, the world had just experienced the global financial crisis, and the developed economies had stagnated," Huang Renwei, executive director-general of the Fudan Institute for Belt and Road and Global Governance, told the Global Times on Sunday. "The flow of funds in the global economy as well as the mainstream of globalization had changed, so China had to search for new markets to change its old system that was heavily reliant on developed Western markets. This was the background against which China proposed the BRI in the first place," Huang said.

Through the BRI, China used its investments, technologies and infrastructure projects to link more and more developing countries which had been marginalized in the West-dominated globalization, Huang noted. "The initiative [BRI] is not just about building bridges and roads, but inevitably a phenomenon based on the changing of the world and China's economic structure."

Huang said that "the BRI is a historically significant, innovative and far-sighted move proposed by China. If the BRI hadn't been proposed 10 years ago, the recession in the global economy and market would have been severer, the economic damage caused by the COVID-19 pandemic would have been heavier, and the US launched trade war against and 'decoupling' from China will be more destructive."

To bring hope

Chinese analysts said the BRF will provide a thorough summary of the achievements and lessons of the past decade, and will discuss and conclude with a consensus and a significant plan about how to keep pushing the construction of the Belt and Road in the future. It seeks to improve and reform globalization and global governance, especially when world peace and development are facing serious challenges and global post-pandemic recovery is fragile.

The third BRF is the most important diplomatic event hosted by China this year, and the most significant celebration for the 10th anniversary of the proposal of BRI, said Chinese Executive Vice Foreign Minister Ma Zhaoxu on Friday.

Shen Yi, a professor of international relations at Fudan University, told the Global Times on Sunday that he hopes the upcoming BRF will be an event that "continues with the past and opens up the future."

"The world is in persistent unrest, as the ongoing Ukraine crisis and the latest Palestine-Israel conflict are bringing more uncertainties and bloodshed. After the COVID-19 pandemic, global economic growth lacks new impetus," he said.

The disadvantages and problems of the old US-dominated unipolar world order and West-dominated globalization have been exposed, and the world is asking for new solutions and more contributions from China, experts said.

"The BRF is expected to produce substantial outcomes, both in the form of cooperation documents, initiatives and mechanisms, and in terms of projects, funds and measures. The total number of deliverables is likely to exceed those of the previous two forums," Ma said.

"In this world of change and volatility, the BRF will showcase how the BRI, a Chinese initiative with international support, has delivered benefits to all, and present the new progress China has made in advancing major-country diplomacy on all fronts since the 20th National Congress of the Communist Party of China. It will send a message of solidarity and win-win cooperation of countries around the globe, and add positive energy and stability to the world," Ma told the media.

Li Haidong, a professor at the China Foreign Affairs University, told the Global Times on Sunday that the joint construction of the Belt and Road is a key part of China's idea of building a global community of shared future, and in the future, China will keep invest and promote the BRI to make it a better public good for the world, so that more countries are able to benefit from it.

'Don't be jealous'

Some Western media and politicians have always tried to badmouth and stigmatize the BRI, and very recently they said the forum has not seen participation by Western developed countries. Chinese experts said the arrogance of the West makes them fail to understand the BRI and fail to provide any meaningful alternative to compete with the BRI.

The China-proposed initiative has changed the world significantly, and compared to 10 years ago, more countries have participated in this initiative, so the BRI is successful and will keep being successful with or without the participations or the compliments from the US and its allies, analysts noted.

Huang said the US-led West's attitude toward the BRI was different according to the phase of the initiative: In the first two to three years after the BRI was proposed, the West downplayed and looked down on it as they did not believe China could afford to or effectively promote such a huge plan with so many uncertainties and risks. From 2018 to 2019, the West realized the influence and achievements of the BRI, so they started to badmouth and stigmatize the BRI, with the rumors like it being a "debt trap" and a manifestation of "China's neocolonialism."

"Since 2021, in order to compete with the unstoppable BRI, the US, the EU, Japan and India proposed global infrastructure initiatives as well. It's just like plagiarism. These attempts are mainly lip-services. They lack funds and they don't have enough investments. In some cases they have political conditions for their partners, or their infrastructure projects get delayed again and again," Huang noted.

Build Back Better World (B3W) is an initiative undertaken by the G7. Launched on June 12, 2021, it would provide "an alternative" to the China-proposed BRI for infrastructure development of "low- and middle-income countries," Reuters reported in 2021.

However, the B3W has not been mentioned by international mainstream media in the past two years. In 2022, the US and its allies created a new term "the Partnership for Global Infrastructure and Investment (PGII)" and US President Joe Biden unveiled "a proposed corridor linking India, the Middle East and Europe" at the G20 summit in New Delhi in September - and pledged there would be more corridors to come.

Due to the outbreak of war in Palestine, and the different stances among the West, India and the Islamic countries on the Palestine-Israel conflict, analysts said prospects for Biden's ambitious initiative is not optimistic at all.

China and the world welcome more participants to make joint efforts to boost global recovery and improve globalization, but those strategies which are exclusive and prioritize major power competition will never serve the demands of the world and will fail to win support from the majority of the international community, experts noted.


RELATED ARTICLES

As US fans the flames of war, China exports peace and development with BRI

Illustration: Tang Tengfei/GT

The world seems to have been set ablaze by the flames of war that have broken out in the Middle East.

The re-emergence of the Israeli-Palestinian conflict demonstrates that the world is still in a transitional phase between the old and new epochs and has not yet moved beyond the post-World War II "order."

The ashes left behind by the old Cold War are beginning to rekindle, and the footsteps of the "new cold war" are clearly audible. The conflict in the Middle East has already reopened old wounds and may lead to larger-scale religious, ethnic, ideological and geopolitical disputes.

As peace and stability become more precious, what is the US doing as the prescriber and dominator of the post-war order? And what can it do for peace?

Despite the deployment of two carrier strike groups by the US, it appears unlikely that the nation, often referred to as the "world's policeman," will succeed in extinguishing the turmoil in the Middle East. Washington has even gone so far as to avoid saying terms like "de-escalation/ceasefire," "end to violence/bloodshed," and "restoring calm." According to the US media, the US State Department has asked diplomats not to use these terms. Additionally, the legislators, are eager to expedite the restoration of Congress' normal functioning to promptly facilitate the provision of additional weaponry to the "front line" of global conflicts.

Neither the US nor Europe can extricate themselves from a conflict that has deep historical roots in their expansion in the world. They face the resulting deep divisions in their societies and public opinion.

Most countries around the globe, especially in the South, in general, need stability and development and more solid forces to support peace.

Looking ahead from this perspective, the rise of China and the China-proposed Belt and Road Initiative are clearly of extraordinary significance. The Third Belt and Road Summit Forum on International Cooperation to be held in Beijing will give the world a clearer understanding of peaceful development.

As a force for joint development and an anchor of stability for global peace, China shoulders the responsibilities of an emerging power in this era of transition between the old and the new.

China does not have the historical burden of Western colonist powers' expansion. China remains impartial, refrains from fueling the fire, maintains neutrality and strives for peace. It encourages conflicting parties to escape the cycle of confrontation and conflict. This stance aligns with China's choice and is consistent with the universal concept of human rights.

Outsiders primarily view the Belt and Road through an economic lens. However, China's proposal of this initiative is not solely due to its financial strength but also because China has consistently pursued stable domestic growth and remained committed to the path of peaceful development. Only when all three are added together can it give the world's peaceful development a more decisive impetus. Even if the world is in chaos, China has the strength to maintain stability.

China's domestic political and social stability starkly contrasts the US' domestic political chaos, social division and polarization of public sentiment.

People can explain the Belt and Road from a geopolitical perspective, discussing Chinese manufacturing's global reach and China's domestic and foreign affairs. However, one core aspect is China's exportation of development and peace, resulting in a win-win situation.

When Washington does not mention the term "ceasefire" and tries to impose its own political choices on other nations, can it still be seen as the power prioritizing global peace and development?

The world cannot always dance to the tune of the US. When more countries view the Belt and Road Initiative (BRI) through the lens of the US perspective and take into account the conflict between Russia and Ukraine, as well as the Israeli-Palestinian conflict, it is expected that more countries will align their choices with the development trend of the new order.


RELATED ARTICLES

Beijing fully prepared for BRF; ‘world expects China’s answer to global challenges’

This photo taken on Oct. 14, 2023 shows a floral decoration for the third Belt and Road Forum for International Cooperation (BRF) near China National Convention Center in Beijing, capital of China. The BRF will be held from Oct. 17 to 18 in Beijing. (Xinhua/Ju Huanzong)


The third Belt and Road Forum for International Cooperation (BRF) will be held in Beijing from Tuesday to Wednesday, as the year marks the10th anniversary of the Belt and Road Initiative (BRI). Leaders and representatives of countries from around the globe and international organizations have arrived in China, and Beijing is fully prepared for this major home diplomatic event.

In recent days, floral decorations, flags and banners bearing slogans for the third BRF can been seen in many parts of the capital, and some foreign guests who came for the event told the Global Times that with so much bad news about wars, conflicts and chaos elsewhere, China makes them believe that peace and development are still the mainstream of the world, and they are confident that by working together, members of the international community will eventually find solutions to the global challenges.

More world leaders arrived in Beijing on Monday. Following Kenyan President William Ruto and Chilean President Gabriel Boric, who arrived on Sunday, foreign leaders including Indonesian President Joko Widodo, Serbian President Aleksandar Vucic, Cambodian Prime Minister Hun Manet, Lao President Thongloun Sisoulith, Sri Lankan President Ranil Wickremesinghe, Prime Minister of Papua New Guinea James Marape, Ethiopian Prime Minister Abiy Ahmed, and President of the Republic of the Congo Denis Sassou Nguesso have arrived in Beijing for the event, the Xinhua News Agency reported.

Russian Foreign Minister Sergei Lavrov also arrived on Monday. During his meeting with Chinese Foreign Minister Wang Yi, who is also a member of the Political Bureau of the Communist Party of China Central Committee, Lavrov said Russian President Vladimir Putin is very much looking forward to having a summit with President Xi Jinping in China and participating in the forum, expressing confidence over the success of the event, according to Xinhua.

The first press briefing of the Media Center of the third BRF was held at the China National Convention Center in Beijing on Monday. Officials of the International Cooperation Department of the Ministry of Natural Resources and other related departments were invited to brief the press and take questions from journalists of different countries, Xinhua reported.

Chinese analysts said the BRF will be a key and historic event, because the world is in turbulence and needs solutions and answers, and China, just like it has done in the past decade, will continue playing a role to guide and contribute to global development and governance when world peace and stability are facing serious challenges.

The BRI has distinguished China from traditional major powers. The BRI is a rejection of zero-sum confrontation, it is not even a "national strategy" by the traditional definition, nor a policy to serve the interests of only one country, said experts.

"In the past, many people asked what China's rise will bring to this world, and the BRI is an answer from China. The reason why more and more countries have become interested and participated in the initiative, despite some noises and stigmatizations from some Western politicians and media, is simple: It brings benefits to everyone," said Shen Yi, an expert on international relations and professor at Fudan University.

Some Chinese netizens said the world is thread-worn and China is sewing it up, which is a vivid and accurate metaphor.

The world today needs new answers, and this is why representatives of over 140 countries and 30-plus international organizations, including state leaders, heads of international organizations, ministerial officials and representatives of the business sector, academia and nongovernmental organizations are expected to participate the forum, said experts.

High expectations 

 Expectations for the upcoming BRF are high, with national leaders, former foreign officials, foreign scholars and representatives from foreign business communities all looking to hear about the remarkable achievements the BRI has made in the past decade and how the cooperation platform will lead to more opportunities and benefit more people.

"The important thing is the celebration of the 10th anniversary of BRI and a presentation of all the BRI projects which are valued at over $1 trillion in investment," Michele Geraci, former undersecretary of state at the Italian Ministry of Economic Development, told the Global Times.

"The forum will bring the BRI to a higher level of discussion, and really increase the image of the BRI in the eyes of many Western countries. And I also expect there will be discussions on the role of BRI in bringing peace to the world," he noted.

Mario Renduli, President of the Chinese Southeast European Business Association, told the Global Times on Monday that the increasing number of participating countries and organizations could "lead to a more diverse range of perspectives, experience and opportunities for collaboration."

Having been to the BRF's first and second editions, Renduli? noted that the third edition is "built on the progress and experiences of the previous ones," and is thus widely anticipated to serve a platform for countries to chart the future course of BRI, with a great emphasis on quality and sustainable development.

"I'm very interested in hearing about the latest investment themes at the summit, and analyzing how [my company] can provide support," Rani Jarkas, chairman of Swiss financial group Cedrus Group, told the Global Times. Having traveled to many BRI countries and witnessed firsthand the great work Chinese investors are doing to benefit local communities, Jarkas praised BRI as "an astounding success and a major catalyst for global economic development."

The global vision and strategy for BRI development for the next stage, set to be discussed at the forum, has also come under the global spotlight.

Mansoor Nadeem Lari, CEO of the India-based Silk Route Trade and Industry Development Corp, who is a third-time participant of the forum, told the Global Times on Monday that the forum can bring greater consensus for discussion on a post-pandemic way forward and create a workable plan for cooperation among BRI participating countries, to "fast-track global economic recovery."

Abid Suleri, executive director of the Sustainable Development Policy Institute, told the Global Times that he will be paying attention to the opening ceremony and keynote speech by the Chinese leader, from which he expects to learn about the measures and initiatives for enhancing cooperation and partnership. 

"In the next stage, strengthening the synergy and coordination of BRI with other regional and global initiatives will be a focal point, with a view to promoting South-South and South-North cooperation," Suleri said.


RELATED ARTICLES
Xi meets world leaders in Beijing as BRF kicks off; China's massive diplomatic event attracts global attention

Chinese President Xi Jinping met with world leaders who came for the third Belt and Road Forum for International Cooperation ...

Deals on the 1st day of the 3rd Belt and Road Forum hit a record, highlighting foreign entrepreneurs' confidence in BRI

On the first day of the third Belt and Road Forum for International Cooperation (BRF), over 1,200 representatives from more ...

Chile expects to further promote BRI, aspires to engage in more projects: Chilean President

Chile is actively advancing the China-proposed Belt and Road Initiative (BRI) and aspiring to participate in more projects advocated by China, including lithium mining and solar energy, Chilean President Gabriel Boric said at a Chilean economic and trade event during his visit to China on Monday.

Building the BRI, the majority of countries vote with their feet: Global Times editorial

When China hosts an event, it has always emphasized the practical results. The spirit of hard work is also reflected throughout the entire process of jointly building the "Belt and Road." The initiative, from its inception to its growth, from its initial stages to its comprehensive implementation, demonstrates its inherent vitality and resilience, and has already formed an irreversible momentum.