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Wang Yi: BRI Becomes the World's Broadest-based and Largest Platform for International Cooperation

On June 23, 2021, State Councilor and Foreign Minister Wang Yi presided over Asia and Pacific High-level Conference on Belt and Road Cooperation via video link.

Wang Yi said, in 2013, President Xi Jinping proposed the Belt and Road Initiative (BRI). Since then, with the joint efforts of all parties, this important initiative has shown strong vitality and yielded good progress.

Wang Yi said, over the past eight years, the BRI has evolved from a concept into real actions, and received warm response and support from the international community. To date, up to 140 partner countries have signed the documents on Belt and Road cooperation with China. The BRI has truly become the world's broadest-based and largest platform for international cooperation.

Over the past eight years, the BRI has evolved from vision into reality, and brought about enormous opportunities and benefits to countries around the world. Trade between China and BRI partners has exceeded 9.2 trillion U.S. dollars. Direct investment by Chinese companies in countries along the Belt and Road has surpassed 130 billion U.S. dollars. A World Bank report suggests that when fully implemented, the BRI could increase global trade by 6.2 percent and global real income by 2.9 percent, and give a significant boost to global growth.

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