The world today is witnessing complicated and profound changes while economic globalization and regional economic integration are entering a new critical stage. Economic ties between countries and regions have never been so intimate and the radius of resource allocation has never been so great.
The Belt and Road Initiative born in the soil of intertwined history and reality is inheritance from the Silk Road spirit, and it is a road of common development and win-win cooperation that demonstrates the will and prospect of interaction between countries.
"Belt and Road" is not China's unilateral "strategy", it is an initiative based on comprehensive economic and cultural cooperation, andit aims at creating a mutually beneficial and win-win "community of interests" and a "community of shared future"for common development and prosperity.
Belt and Road is not an empty slogan, but visible tangible measures, with official release of "Vision and Actionfor Promoting the Construction of the Silk Road Economic Zone and the 21st Century Maritime Silk Road, "Belt and Road" has entered a new stage of comprehensive and pragmatic cooperation. China is using its strong infrastructure capacity and strong financial strength to promote the realization of this strategy.
Starting from scratch, the progress and achievements of Belt and Road are more fruitful than expected. A number of influential landmark projects have been gradually implemented.
China-Mongolia-Russia economic corridor construction plan has been completed and signed smoothly, and it is the first economic corridor and the first important breakthrough for multi-party planning; the construction of China-Pakistaneconomic corridor is taking shape, and contracts of nearly 46 billion US dollars have been concluded; the highway and railway fromKashgar in the north and Gwadar port in the south, and port construction and other major projects have already started.
Asia's economy accounts for 1/3 of that of the world combined, and that makes it a region with most economic vitality and growth potentials. Asia has 60% of the global population, however, due to the limited funds for construction, infrastructures of some countries such as railways, roads, bridges, ports, airports and communications are seriously inadequate, which to some extent limit the region's economic development.
To support infrastructure construction in Asian countries, after more than 800 days of preparation, the Asian Infrastructure Investment Bankestablished under China’s initiative and jointly participated by 57 countries was officially established in December 25, 2015. Asia Investment Bank can eventually leverage a fund scale between 500 billion US dollars to 1 trillion US dollars to effectively promote the interconnection of Asian economies.
As a significant move, Asia Investment Bankchooses a road construction project in Pakistan as its first co-financing project. Almost at the same time, the kick-off ceremony of Peshawar-Karachi Expressway projectthe largest transport infrastructure construction project in the Pakistan-China Economic Corridor was heldin Sukkur, Sindh, Pakistan, marking a significant progress of cooperation in the transport infrastructure field of China-Pakistan Economic Corridor.
The incorporation of Asia Investment Bank is merely a starting point and there is a long way to in the future.
The Silk Road is a common human civilization achievement with tenacious vitality and cultural inclusiveness. It is a road of development that will not be wasted through the ages. The Belt and Road initiative inherits the Silk Road spirit, with the historic genes of economic and technological exchanges between countries, the initiative goes beyond and changes the spontaneous form of the ancient Silk Road, and embarks on a road of self-conscious development.
Modern Silk Road economy is like a tree growing between heaven and earth.Rooted in the fertile soil of transnational economic cooperation, it is becoming even flourishing every day.