Financial cooperation is at the heart of the Belt and Road Initiative (BRI), playing a pivotal role in its ongoing development. Since its inception, China has been proactive in establishing and promoting multilateral financing platforms aimed at empowering trade and enhancing public goods within the BRI framework.
One of the key questions surrounding the BRI is how financial cooperation can expand access to financial services for people in developing countries. By fostering such cooperation, the BRI aims to lower poverty rates and drive economic growth in these regions.
Experts believe that strategic financial collaboration can unlock new opportunities for trade and infrastructure development, making significant contributions to global economic stability. On CGTN, anchor Michael Wang is joined by Gu Qingyang, associate professor at the Lee Kuan Yew School of Public Policy, National University of Singapore, and Zhao Yang, managing director at CICC Global Institute. Together, they discuss the achievements of financial cooperation within the BRI and chart the path forward for its future.
Reference(s):
Live: BRI EconTalk – Shaping BRI's future with financial cooperation
cgtn.com
