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Belt, Road Initiative ushers in future growth for China, world

By Bao Daozu in London | China Daily | Updated: 2018-09-14 07:33

A world-renowned economist from the United Kingdom said he expects the Belt and Road Initiative, proposed by President Xi Jinping, will play an increasingly important role in global trade, which has been buffeted by growing protectionism and unilateralism.

"The BRI is possibly the most important thing for the future of world trade," said Jim O'Neill, who had coined the acronym BRIC (now BRICS) for the group of emerging economies.

O'Neill, former British commercial secretary to the Treasury, listed the BRI as one of the priorities for China in coming years for the country's new round of reform and opening-up. O'Neill spoke on Thursday in London at the fifth edition of Vision China, an event with the theme "40 Years On - China and the World", hosted by China Daily.

Belt, Road Initiative ushers in future growth for China, world

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