As the Belt and Road Initiative (BRI) marks its tenth anniversary, it continues to offer unprecedented opportunities for global economic collaboration. Despite this, some Western media outlets persist in labeling the BRI as a form of “economic coercion” by China. Charles Liu, founder of Impact Asia Innovation Capital, challenges this narrative by sharing his firsthand experiences as an investor actively involved in BRI projects.
Speaking at a recent international forum, Liu emphasized the BRI’s role in fostering mutual growth and connectivity across Asia and beyond. “The BRI is not about coercion; it’s about cooperation,” he stated. “Through infrastructure development and investment, we’ve seen tangible benefits for participating countries and regions.”
Liu highlighted several successful projects that have enhanced trade, improved infrastructure, and created jobs in developing economies. He argued that the initiative promotes inclusive development by addressing the infrastructural gaps that hinder economic progress. “We’re investing in roads, ports, and energy facilities that are vital for economic development,” Liu explained. “These are long-term commitments that require partnership and trust.”
He also addressed concerns about debt sustainability, noting that the BRI operates with transparency and respect for the sovereignty of all participants. “Financial agreements are made based on mutual consent and thorough assessments,” Liu said. “We work closely with local governments to ensure projects are viable and beneficial.”
Liu’s insights offer a counter-narrative to the claims of economic coercion, underscoring the BRI’s mission to build a shared future through collaboration. “It’s essential to look at the facts and the positive impacts on the ground,” he concluded. “The BRI is about building bridges—not just physically, but also economically and culturally.”
Reference(s):
cgtn.com
