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Renmin University: "Belt and Road" is the new South-South cooperation.

2019-01-16, by Renmin University of China,

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On December 29, 2018, the annual meeting of the China Council for BRICS Think Tank Cooperation themed “China and the World in the New Age” was held at Renmin University of China. At the meeting, Xu Yongqiang, an expert of Department of  Foreign Economic  Relations of Development Research Center of the State Council made the following statement:


Belt and Road initiative takes time to verify. It has experienced a process from concept, consensus and then to implementation. For example, the Asian Infrastructure Bank is a new type of joint venture, and some European countries joined in succession after a wait-and-see period, including Britain, France and other countries. Belt and Road initiative aims at the " Five-Pronged Approach ".


The number of participating countries and the transport volume of China Railway Express made a massive leap forward in 2018. The goods volume has enhanced China's influence. At the same time, China's achievements in infrastructure construction has exceeded expectations. In the current global economic and trade frictions, the South-South cooperation plays an important role. And the "Belt and Road" initiative has become an important strategic backing for China as it adapts to the current situation.


Source: Chongyang Institute for Financial Studies, Renmin University of China