国内英语资讯:Xinhua Insight: Xiamen summit raises golden hopes_时事

国内英语资讯:Xinhua Insight: Xiamen summit raises golden hopes

Yaroslav Lissovolik, chief economist of the Eurasian Development Bank, said "BRICS plus" would provide opportunities for other economies and inject impetus into economic globalization.

"The proposals of Wang Yi regarding the expansion of the BRICS partnership zone are not only timely in light of China's presidency of BRICS, but they are also aimed at giving new impetus to integration processes under the complicated conditions of protectionism's spread in the world economy," Lissovolik said.

To help finance infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries, China co-founded the NDB in 2017 with its headquarters in Shanghai.

The bank became fully operational last year and approved loans involving financial assistance of more than 1.5 billion U.S. dollars for projects in green and renewable energy, and transport.

Meanwhile, the Belt and Road Initiative, proposed by Xi in 2013 to better connect countries along and beyond the ancient Silk Road, will also inject new vitality to BRICS cooperation.

Named after the historic Silk Road, the Belt and Road Initiative is an example of China sharing its solutions for global growth and governance by linking countries and regions that account for about 60 percent of the world's population and 30 percent of its GDP.

Sixty-eight countries and international organizations have signed agreements with China on Belt and Road cooperation. Total trade between China and other Belt and Road countries exceeded 3 trillion U.S. dollars between 2017 and 2016, and Chinese investment in these countries exceeded 50 billion U.S. dollars.