Belt and Road Initiative shot in the arm for world economy

That Switzerland may be the second Western European country to sign a referendum of understanding with China for cooperation under the framework of Belt and Road Initiative speaks volumes about it not being a disrupter of the conventional international order.

Ueli Maurer, the president of the Swiss Confederation, said that the Belt and Road Initiative is advancing globalization when he was interviewed by Chinese reporters in Berne ahead of his trip to China to participate in the Second Belt and Road Forum for International Cooperation. He said that there is no reason to be afraid of the initiative as all parties can benefit from improved and upgraded connectivity.

He said that the initiative is meant to allow an increasing number of countries to benefit from economic development so that inclusive globalization can be realized.