PORT MORESBY, Nov. 17 -- In Port Moresby, capital of Papua New Guinea (PNG), one could easily find a construction site operated by a Chinese company.
In recent years, many infrastructure projects in PNG, including roads and buildings, have been carried out with Chinese support thanks to the Belt and Road Initiative (BRI). And these projects have largely improved the lives of the local population.
PNG, host country of this year's Asia-Pacific Economic Cooperation (APEC) economic leaders' meeting, is the first Pacific island country to ink a memorandum of understanding with China on?BRI?cooperation.
"For international developing countries like Papua New Guinea, this is a great initiative because of the access to capital and infrastructure-building capacities that we are now developing together with China," PNG Prime Minister Peter O'Neill commented.
"It is able to open up markets and improve the standard of living for our people," he said.
With the global economy facing great uncertainties due to the rise of protectionism and unilateralism, China has stepped into the void to promote global cooperation.
The BRI is vital for creating win-win cooperation. Statistics show that in countries along the Belt and Road, China has set up 82 overseas economic and trade cooperation zones over the past five years, in the process investing 28.9 billion U.S. dollars and creating about 244,000 local jobs.
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