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What Does the Belt and Road Initiative Say About China’s Confidence in Its Economy?
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What Does the Belt and Road Initiative Say About China’s Confidence in Its Economy?

Han Jie, An Pei, Liu Kaixiong, Zhang Chao and Liu Hongxia
Xinhua, 2019
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Proposed by Chinese President Xi Jinping in 2013, the Belt and Road Initiative (BRI) has extended from Asia and Europe to Africa, Americas and Oceania, stringing countries together in support of free trade and multilateralism. In April, 2019, China held the second annual Belt and Road Forum for International Cooperation to reaffirmed China’s commitment to opening up and continue to build bridges with partner countries. In this article, state-owned news agency Xinhua News gives a concise overview of the points arising from the event and what to expect of the BRI going forward. 

Take-Aways

  • China’s economy is holding strong in contrast to a global fatigue.
  • China’s consumer market shows great momentum for growth, and the country's industrial upgrade is becoming a key economic driver.
  • China is a major contributor to the world economy with an increasing appeal to foreign investors.

About the Authors

Han Jie, An Bei, Liu Kaixiong, Zhang Chao and Liu Hongxia are reporters for Xinhua News Agency, which is the official press agency of the People’s Republic of China and the biggest media organization in China.

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