China has signed Belt and Road Initiative (BRI) cooperation agreements with more than 150 countries and over 30 international organisations, covering three-quarters of the world’s nations and major international institutions.
The milestone was announced on Wednesday by Liang Linchong, Director-General of the Department of Regional Opening-up at China’s National Development and Reform Commission (NDRC), during a press conference.
Launched in 2013, the Belt and Road Initiative has been promoted as a platform for strengthening international cooperation, expanding economic opportunities and creating new pathways for global economic growth.
According to a report titled “Building an Open World Economy Through Belt and Road Cooperation,” released by a think tank on Tuesday, the initiative demonstrates China’s commitment to opening up its economy and promoting mutually beneficial international partnerships.
The report emphasised that increasing interdependence among countries presents opportunities to address global challenges through openness, cooperation and shared development.
It further noted that China intends to expand high-standard opening up, strengthen global development partnerships and coordinate domestic and international priorities to build an open world economy.
The report said such efforts are aimed at transforming global challenges into opportunities for sustainable, inclusive development and mutual benefit.
With input from Xinhua.