The initiative has also to a large extent benefited development in the Asia-Pacific region by expanding infrastructure as well as trade and cultural exchanges.
Apart from the BRI, China has put forward visions for the region's future. At the 2017 APEC economic leaders' meeting in Beijing, China advocated "an Asia-Pacific partnership that is built on mutual respect and trust, inclusiveness, and win-win cooperation."
At that meeting, the Free Trade Area of the Asia-Pacific (FTAAP), a proposed high-quality free trade arrangement covering all APEC economies, made a breakthrough with APEC members unanimously adopting the FTAAP Beijing Roadmap.
At the 2017 APEC meeting in Da Nang, Vietnam, China proposed boosting infrastructure building, trade, financial and people-to-people connectivity, an illustration of China's push for international win-win cooperation.
Oh Ei Sun, principal adviser with the Pacific Research Center in Malaysia, commented that China's efforts to promote trade liberalization and boost regional economies is in everyone's interest.
This year's APEC meeting is themed "Harnessing inclusive opportunities, embracing the digital future." China, now 40 years into its historic policy of reform and opening-up, has vowed to open wider, creating more opportunities for the development of the Asia-Pacific region.
It is believed that with all APEC members joining hands to break down barriers and enhance cooperation, a better and more prosperous future for the region will be achieved.
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