BRI shaped structure of global economy, trade: Ambassador Haque
Business
Says initiative has successfully overturned suspicions of some countries
BEIJING (APP) – Pakistan Ambassador to China Moin ul Haque said the Belt and Road Initiative (BRI) had largely shaped the structure of the global economy and trade, and completely changed and enriched the concept of regional economic integration and interconnection.
He said the initiative had successfully overturned some suspicions and doubts among members of the international community
Based on the principle of win-win cooperation and mutual benefit, it had built a bridge of trade, business and cultural cooperation among various members of society, Haque said while addressing at the 13th China Overseas Investment Fair in the Chinese capital.
According to Haque. Pakistan has laid 880 kilometres of road networks, put into operation 13 new energy projects and added more than 8,000 megawatts of electricity have been added to the national grid during the past 10 years under the BRI.
Despite the impact of the COVID-19 epidemic and the challenges of economic recession and natural disasters, the original timetable was achieved and the projects in Pakistan were completed on time, Haque further noted.
“The fruits of the BRI are clear. In the past decade, China has signed more than 200 Belt and Road cooperation documents with 151 countries and 32 international organisations, forming more than 3,000 cooperation projects, according to media reports.”
Haque said the initiative had stimulated an investment scale of over $1 trillion, created 420,000 jobs for countries along the route, and lifted more than 40 million people out of poverty.
