World Economic Forum panel upbeat about benefits of China's Belt and Road Initiative
2019-01-23 09:53:06 source:The Straits Times
January 23, 2019
Geopolitics cannot be divorced from China's ambitious Belt and Road Initiative, but the mega project will create plenty of economic opportunities and growth for countries, said panellists at a World Economic Forum discussion in Davos on Tuesday (Jan 22).
And while current tensions between the world's two biggest economies, China and the US, have rattled the rest of the globe, long-term infrastructural projects that are vital to connecting nations and driving free trade will continue at a rapid clip, they predicted.
Launched five years ago, Chinese President Xi Jinping's signature development strategy to revive ancient sea and land trade routes linking Africa, Europe and Asia, has won the support of an increasing number of countries eager for China's help.
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