Paths International Ltd

Abstract:

The new mode of globalization refers to a globalization process of openness, inclusiveness, mutual benefit and sharing. Openness refers to co-existence and common success of multiple cooperation mechanisms rather than the private interests of those with vested interests; Inclusiveness refers to respect for the choice of a country based on its specific national conditions; Mutual benefit refers to co-building a community of common destiny, responsibility and benefit and sharing of the benefits from globalization; Sharing refers to the realization of mutual global development by sticking to the focus on the overall interests of all humanity.

The BRI is an important strategic measure for improving global governance and revitalizing the world economy. It was proposed for the purposes of  sharing China’s development opportunities with countries along the route and achieving common prosperity by combining the ancient wisdom of our Chinese ancestors with the world reality. In 2014, China formulated the Strategic Planning for Building the Silk Road Economic Belt and 21st-Century Maritime Silk Road. In 2015, China released the Vision and Actions on Jointly Building the Silk Road Economic Belt and 21st-Century Maritime Silk Road. China and other emerging economies have given a continuous impetus to global economic development. As a key initiative for China to actively participate in international governance and economic cooperation, the BRI is a great contribution of China to global sustainable development.