‘Debt trap’ accusation against China is a deliberate attempt to undermine the BRI. Loans from China are used to build infrastructure projects that boost productivity and increase repayment capacity, whereas loans from the West are normally used to cover trade and fiscal deficits at high-interest rates.
The connectivity, geographically speaking, between China, far east, and Portugal, far west, is quite important for everybody.
Finding synergies with the BRI could amplify win-win situations in the Asia Pacific, and subsequently in Eurasia, Africa, and Latin America.
Thanks to CBEC, small and micro companies that previously found themselves marginalized in international trade can now participate directly in global product and supply chains.
Despite being separated by mountains and oceans, the Chinese and Brazilian people are close in heart and soul.
BRICSA has a total area of 42,512,890 square kilometers and a total population of about 3.6 billion people. In other words, it covers about 30 percent of the world’s land surface and houses 42 percent of the world’s population.
Over the past 71 years, Pakistan and China have always been standing together towards building an inclusive regional and global cooperation framework.
China works to build the BRI into an initiative of peace, prosperity, openness, green development, and innovation that brings different civilizations closer.
Muslim countries see their relations with China as a strategic bond to promote their stability, security and economic development.
China and the EU, representing two great civilizations that have advanced progress of humanity, have the potential to play a leading role in steering the now turbulent world towards peace and prosperity by working together.
China’s development adds to a more powerful force for peace and will bring new development opportunities for developing countries while seeking to achieve the goal of building a community with a shared future for mankind.
The Ukraine crisis may disrupt the Belt and Road but an old China hand sees it re-energizing the China-EU trade relationship.
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