Will initiative help build a fairer world order?

Belt and Road | Chu Yin

In the three years since Chinese President Xi Jinping proposed it, the Belt and Road Initiative (the Silk Road Economic Belt and 21st Century Maritime Silk Road) has attracted many countries aspiring for true win-win cooperation, as opposed to the West-centric globalization.

The rise of trade protectionism in some Western countries has cast a shadow over the already weakening global economic growth. The Beijing-led initiative, however, is gaining fresh support to serve as an apt alternative and cover areas long neglected by the West-centric globalization and help embattled economies tide over the continuing fallout of the global financial crisis.