9th BRICS Summit in Xiamen Seen as a Milestone for Cooperation

China is expected to further promote its Belt and Road initiative next year against the backdrop of rising resentment over globalization and the new Donald Trump administration in the US, as the initiative will be linked with the UN 2030 Agenda for Sustainable Development at a summit hosted by China, experts said.

Release time : 2016-12-30 14:27:09

source : http://english.visitxm.com/

China is expected to further promote its Belt and Road initiative next year against the backdrop of rising resentment over globalization and the new Donald Trump administration in the US, as the initiative will be linked with the UN 2030 Agenda for Sustainable Development at a summit hosted by China, experts said.

The coming year will see a summit on the Belt and Road initiative and the ninth BRICS summit, which are two major conferences for China's home field diplomacy, Foreign Minister Wang Yi said in an interview with the People's Daily on Thursday.

"Holding the two summits comes at the right time when both the trend of anti-globalization among developed economies and calls for greater globalization in the developing countries still exist," Ni Feng, deputy director of the Institute of American Studies at the Chinese Academy of Social Sciences, told the Global Times.

Belt and Road

"The international cooperation summit forum on the Belt and Road initiative �� will be a strategic measure to boost the world economy, an important platform to deepen international cooperation and China's innovative practice to implement the concept of win-win cooperation," Wang said in a speech at the opening of the Symposium On International Developments and China's Diplomacy on December 3.

The Belt and Road initiative refers to the Silk Road Economic Belt and the 21st-Century Maritime Silk Road initiative proposed by President Xi Jinping in 2013. The initiative seeks to bring together countries all around the world via overland and maritime networks to promote mutually beneficial cooperation, according to the Xinhua News Agency.

"China's 'going-out' strategy has been confronted with grave difficulties as the anti-globalization sentiment permeating developed countries such as the US, the UK and Italy has thwarted economic recovery worldwide," Ni said.

The recovery is workable only when resources and capital have been