The launch of the Belt and Road Initiative a decade ago marked a new level in China’s progress path. The question is: What is the role of the Belt and Road Initiative in foreign relations, especially in China’s relations with other countries and organizations, now and in the future?The future?
The BIS has come a long way since its launch. The fact that more than 150 countries and 30 foreign organizations have signed more than 230 cooperation agreements with China under this initiative means that countries, which together make up three-quarters of the world’s population, many infrastructure projects and cooperation bureaucracy have already become a reality in Asia, Europe, Africa and Latin America in the first decade of the initiative’s existence.
The initiative is expected to help China achieve the goal of the second centenary of the construction of a fashionable socialist country and realize China’s dream of national rejuvenation by mid-century, with 2049 being the centenary of the founding of the People’s Republic of China.
There are already indications as to why this is the case. One of them is the result of the national progression policy that led to the eradication of absolute poverty by the end of 2020. The BRI is moving in the same direction as the Global Development Initiative. It aims to eliminate absolute poverty in China and aims to improve the living standards of other people around the world.
The BIS is entering a new phase, its second decade of existence. To perceive the role of the initiative in this new period, it is vital to perceive how it will have to face a new external scenario. The current scenario is different since the initiative was introduced in 2013. There are at least 3 reasons for this change.
First, the effects of the global currency crisis and the resulting structural adjustments only began to be felt in the United States and other Western countries after 2016, with the coming to power of former U. S. President Donald Trump, who imposed reckless industrial sanctions on China and other countries, with the outgoing leadership of Joe Biden following this strategy.
Second, the COVID-19 pandemic was a stress test and a new experience for countries engaged in global cooperation and competition.
And thirdly, the existing armed conflicts have demonstrated the urgency of international relations and strong industrial negotiations with foreign partners around the world.
In this new phase of intensified tensions, it is vital to know how the most vulnerable countries, i. e. emerging countries, will cope. Developing countries have the largest number of people who are disabled and at risk of falling into poverty. That is why progress policies play a role in economic expansion and social progress, whether it is a progress policy like the BRI or a policy of cooperation and external progress promoted through the BRICS (Brazil, Russia, India, China, and South Africa). via Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates on January 1).
In this situation, emerging countries are mutually reinforcing. The inclusion of six more countries (from the Middle East, Africa and Latin America) in the BRICS will strengthen the group’s cooperation with other countries and pave the way for BRICS member states to use their own currencies for intra-BRICS Plus trade, thereby reducing the dominance of the US dollar and other Western currencies. and contributing to the progress of the South.
The desire has led former BRICS member states to join with more countries to expand the group’s influence around the world. But we will have to keep in mind that this expansion will not continue to come with all the emerging BRICS countries. More.
The Next World is currently the largest country in the G77. The BRICS Plus organization, more specifically, represents a core of the most influential emerging countries on their respective continents. The BRICS summit in Johannesburg, South Africa, on August 22-24, and the G77 summit in Cuba on September 15-16 demonstrated these facts.
It is against this backdrop that China is selling the BRI, which targets infrastructure connectivity. China sees itself as the largest emerging country in the world, in solidarity with other emerging countries and respectful of the plurality of civilizations and other political-economic systems. It is an obligatory condition for non-violent coexistence and cooperation in progress in order to build a network with a shared long-term for humanity.
The objective of the BRI is to obtain advantages for both emerging and evolved countries, such as Europe, Latin America, Africa and Asia, through its contribution to the empowerment of the multilateral world.
He is a political economist who has worked in universities mainly in southern and central European countries and South America. He now works at the University of the Left. The views do not necessarily reflect those of the China Daily.
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