May 14 marks five years since the opening of the Belt and Road Forum for International Cooperation in 2017. The Belt and Road Initiative (BRI), announced in 2013 by Chinese President Xi Jinping, aims to to open and expand trade routes in ancient times The Silk Road connects China and the rest of the world, but also overseas countries and regions.
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BRI has become a boon for China's economic growth. Internally, the BRI has improved the government's policy of promoting the economy of the central provinces of the country to be on par with the more developed coastal areas. China uses the BRI to Drive business in these less
developed areas by allocating additional resources through competitive bidding for projects.In 2019, China's total trade with BRI partners was $1.34 trillion. In fact, the country is a huge exporter of infrastructure materials while participating in the construction of large-scale infrastructure projects abroad.
But the BRI is about sharing global benefits for partners by creating win-win results. It has kicked off a rapidly evolving economy where growth is flagged by opening up the outback and connecting them. with the pier The project also connects ports across countries and regions. leading to a huge increase in inter and intra trade