White Paper: “The Belt and Road Initiative: A Key Pillar of the Global Community of Shared Future” Released
ISSUING AUTHORITY:
The State Council Information Office of the People’s Republic of China
DATE OF RELEASE:
October 10, 2023
On October 10, 2023, the State Council Information Office released a white paper titled “The Belt and Road Initiative: A Key Pillar of the Global Community of Shared Future” (the “White Paper”).
The White Paper, about 28,000 words, systematically elaborates on the historical origin, conceptual vision, implementation path, practical achievements and world significance of the Belt and Road initiative (“BRI”), and comprehensively introduces the fruitful results of the Belt and Road initiative in the past decade.
According to the White Paper, BRI participating countries continue to uphold multilateralism and free trade, working hard to create a sound institutional environment for closer economic and trade relations. By the end of August 2023, more than 80 countries and international organizations had subscribed to the Initiative on Promoting Unimpeded Trade Cooperation Along the Belt and Road, proposed by China.
The White Paper also introduced that, from 2013 to 2022, the cumulative value of imports and exports between China and BRI partner countries reached US$19.1 trillion, with an average annual growth rate of 6.4 percent. The cumulative two-way investment between China and partner countries reached US$380 billion, including US$240 billion from China.
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