-- Financial integration has been strengthened. Financing programs jointly launched by the People's Bank of China and multilateral development institutions has topped 100 and covered over 70 countries and regions. Chinese banks have briskly set up overseas branches, and the renminbi payment systems have expanded.
-- People-to-people ties have become closer. Fruitful results have been achieved in education, tourism and visa exemption, health and medicine, and poverty reduction.
-- New growth drivers have been built. From 2013 to 2018, China's direct investment in the areas surpassed 90 billion U.S. dollars, and the turnover of contracted projects topped 400 billion dollars. It has signed agreements on industrial cooperation with more than 40 countries, including Kazakhstan and Brazil.
CONTRIBUTION TO WORLD
The Belt and Road Initiative has become an initiative for peaceful development and economic cooperation, the report said. "It is a process of open, inclusive and common development, not an exclusionary bloc or a 'China club.'"
It "is not a zero-sum game" and "is meant for mutual benefits and win-win and all-win outcomes," the report said.
Thanks to the Belt and Road Initiative, China's development achievements have been brought to other Belt and Road countries as its huge demand for imports and increasing outbound investment generated enormous growth opportunities.
According to the quantitative trade model of a World Bank study, the Belt and Road Initiative will increase the GDP of East Asian and Pacific developing countries by 2.6 percent to 3.9 percent on average.
【国内英语资讯:China Focus: Belt and Road Initiative makes solid progress, embraces brighter future: report】相关文章:
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