Pakistanian article: "Belt and Road" brings development opportunities in the world

Reference News Network reported on September 10 that Pakistan Observer News published an article on September 7. The article stated that China's "Belt and Road" initiative has become a balancer and industrialized incentive for the world economy. It further increases regional interconnection and interconnection , The development of infrastructure, comprehensive transportation system, economic corridor, large -scale industrialization, and eliminating poverty.

The article said that initially, the “Belt and Road” initiative was based on infrastructure interconnection, but later expanded to the field of trade and investment, and established Asian Infrastructure Investment Banks and Silk Road Fund.

On the 1st, the seventh "colorful world" - "Belt and Road" national characteristic cultural exhibitions were held at the China International Service Trade Fair in 2022. (Xinhua News Agency)

The article also said that data from the Ministry of Commerce of China shows that in 2021, Chinese companies' direct investment in 57 countries along the “Belt and Road” increased by 14.1%year -on -year to $ 20.3 billion, compared with $ 14.82 billion in 2015.

From 1978 to 2017, China's GDP (GDP) increased from US $ 175 billion to US $ 12 trillion, an annual economic growth of 9.5%; China's per capita GDP increased from $ 156 to $ 8640; China's GDP accounted for the world economy. The proportion rose from 1.8%to about 15%. China's development and completion of the "Belt and Road" projects in more than 140 countries and regions will further promote its GDP growth, and further promote the growth, social development, and poverty reduction of GDP.

The article also said that China has become the main incentive and driving force of the world economy. With the rapid economic growth, China has maintained an annual average annual contribution rate of global economic growth in recent years, and has made significant contributions to reducing the impact of the Asian financial crisis and the global financial crisis. It is interesting that China is now the largest trading partner in more than 120 countries and regions. From 1978 to 2017, China's imports increased by 170 times, reaching 2.69 trillion US dollars in 2021, supporting tens of millions of jobs around the world.

After the "Belt and Road" initiative was proposed, as of June 2018, the total cargo trade in China and the countries along the route exceeded 5 trillion US dollars. China's direct investment in these countries exceeded 70 billion US dollars. Chinese companies would build an overseas economic and trade cooperation zone in countries along the route. The total taxes and fees of the hosts have accumulated $ 2.01 billion.

- END -