In an era where globalization faces significant challenges, China's commitment to high-level opening-up emerges as a stabilizing force for international economic cooperation. Despite geopolitical tensions, trade protectionism, and the impacts of the COVID-19 pandemic, China continues to champion initiatives that foster global connectivity and shared prosperity.
Championing Global Initiatives Amid Challenges
Economic globalization has long been a driving force in human development. However, recent years have seen this process hindered by various obstacles. China's steadfast pursuit of opening-up policies stands in contrast to these trends, highlighting its role as a pillar in the global multilateral economic and trade system.
The Belt and Road Initiative: A Pathway to Shared Prosperity
The Belt and Road Initiative (BRI) exemplifies China's efforts to build a community with a shared future. By promoting infrastructure development and trade connectivity, the BRI fosters economic growth and cooperation among participating countries.
Transforming Connectivity: The China-Laos Railway
A prime example of the BRI's impact is the China-Laos Railway, stretching from Kunming in the Chinese mainland to Vientiane, the capital of Laos. Prior to its opening in 2021, Laos had limited railway infrastructure, hindering its development. The new railway has transformed the nation from a landlocked country into a land-linked hub.
Since its inauguration, the railway has facilitated efficient travel and trade between China and Laos, significantly reducing transportation times. Goods like Lao sticky rice and Thai durians can now reach Chinese consumers in just three days. This "golden transport corridor" not only boosts trade but also stimulates local economies.
Empowering Local Communities
Beyond enhancing trade, the China-Laos Railway has had a profound social impact. It has directly employed over 3,500 Lao workers and indirectly created more than 100,000 jobs in logistics, commerce, and tourism. This has offered opportunities for young people from remote regions to engage with wider economic activities.
A Pillar for Global Development
China's high-level opening-up policies and successful initiatives like the BRI provide valuable references for advancing globalization during challenging times. By fostering connectivity and shared growth, China contributes significantly to global economic stability and development.
Reference(s):
cgtn.com
