As for railway connections, the cumulative number of trips made by China-Europe freight trains exceeded 12,000 in 2018, with annual shipments reaching 16 billion U.S. dollars, compared with only 17 trips and less than 600 million dollars in 2011.
MORE TRADE, MORE JOBS
Total trade between China and other Belt and Road countries amounted to 6.47 trillion dollars in the 2013-2018 period. More than 80 overseas economic and trade cooperation zones were built, and more than 244,000 jobs created for locals.
During the period, China's outbound direct investment in other Belt and Road countries exceeded 80 billion dollars.
IMPROVED FINANCING
Development and policy-oriented financing has revved up support for the Belt and Road development in the last five years, with a rapid expansion of multilateral and bilateral financial and investment platforms.
Countries along the Belt and Road accounted for over 60 percent of all members of the Asian Infrastructure Investment Bank, a multilateral development bank headquartered in Beijing, as of December 2018.
The Silk Road Fund, to which China contributed 40 billion dollars initially and an additional 100 billion yuan (about 15 billion U.S. dollars) later to support the Belt and Road projects, has signed contracts to provide financing for 19 projects.
PEOPLE-TO-PEOPLE EXCHANGES
By the end of April 2018, 1,023 pairs of sister cities had been formed between China and 61 countries along the Belt and Road, accounting for over 40 percent of the total number of sister cities China had with other countries.
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