BOAO, Hainan, April 8 -- The Belt and Road Initiative has injected fresh vitality to Asia's economic cooperation and helped the continent to reshape its international relations, according to a report released Sunday at the Boao Forum for Asia 2018 annual conference.
The Belt and Road Initiative has provided "a new channel" for the world to confront the challenges of anti-globalization, as it can be used to tackle the problems arising from globalization and facilitate the sharing of development experiences, said the The Asian Competitiveness Annual Report 2018.
"The Belt and Road Initiative is closely related to economic globalization and will enhance the competitiveness of Asia. That's why the initiative should be given priority and actively promoted among the Asian economies," said the report.
The report also illustrates the initiative's compatibility with the region's other development plans, such as the Master Plan on ASEAN Connectivity adopted at the 17th ASEAN Summit in 2010.
It said the Initiative has provided basic support for China and ASEAN countries to consolidate their relationship.
In Central and West Asia, the Initiative also helps regional countries to improve production and living facilities as well as facilitate economic and cultural exchanges.
China-Pakistan Economic Corridor, a flagship project under the Belt and Road Initiative, has not only improved local infrastructure but also is extending toward Afghanistan, reducing poverty, the hotbed of terrorism, and bringing better prospects for local people's lives.
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