In late February, Bolivia marked a major milestone in its industrial journey with the launch of its first modern integrated steel plant, boasting an annual capacity of 200,000 tonnes. This breakthrough is not only transforming the local steel industry but also creating thousands of jobs and sparking the growth of surrounding processing industries.
The project stands as a vivid example of China-Bolivia capacity cooperation under the Belt and Road Initiative (BRI), manifesting a vision for a shared future. Bolivian Ambassador to China, Hugo Siles, remarked, "The BRI provides a new solution for global development," highlighting how improved connectivity is fueling progress and supporting development in the Global South.
On a broader scale, this initiative reflects an international consensus on sustainable development. With over three-quarters of the world’s nations participating in Belt and Road cooperation and more than 100 supporting initiatives like the Global Development Initiative, the Global Security Initiative, and the Global Civilization Initiative, what began as an idea in 2013 has evolved into a structured framework yielding tangible outcomes.
This dynamic progress not only propels economic growth in Bolivia but also inspires young global citizens, tech enthusiasts, thought leaders, sports fans, and digital nomads around the world, offering fresh perspectives on international collaboration and development.
Reference(s):
cgtn.com
