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Initiative based on principle of win-win cooperation

By Hu Angang | China Daily | Updated: 2019-04-25 07:33

As the best embodiment of win-win cooperation, the Belt and Road Initiative seeks to foster mutual benefit by integrating the economic development of China with that of the rest of the world. China can ensure cooperation leads to mutual benefit because it is the world's largest trader of goods and second-largest of services, accounts for about 10 percent of the world's total imports and 20 percent of import growth, and is the largest trading partner of more than 120 countries and regions.

Which means China's development has positive spillover effects on the world economy, especially as China is one of the largest overseas investors, and 46.2 percent of its exports in 2017 were destined for developing countries and emerging markets.

BRI a global project of more than $1 trillion

Initiative based on principle of win-win cooperation

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