Belt and Road Initiative provides G20 with new ideas of cooperation

Zhu Sheng
0 Comment(s)Print E-mail Xinhua, July 11, 2017
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BERLIN, July 5 (Xinhua) -- While a surge of anti-globalization sentiment in Western countries casts a shadow on the Hamburg summit of the Group of 20 (G20) major economies to be held on July 7-8 in Germany, the China-proposed Belt and Road Initiative inspires the group with new ideas of cooperation.

The anti-globalization sentiment has been highlighted by the U.S. policy of America First, Brexit and the U.S. withdrawal from Paris climate accord, among others. Under the circumstances, business leaders have considered the Belt and Road Initiative as an inspiration for the G20 group to boost mutually beneficial cooperation within its framework.

The world needs a plan B against the anti-globalization sentiment of the administration of U.S. President Donald Trump, highlighted by Trump's America First policy, said Tufan Khalaji, managing director of Rail Cargo Operator of Austria.

The Belt and Road Initiative provides the whole world at the right moment with a new option and solution, he noted.

The initiative, proposed by China in 2013, aims to build trade and infrastructure networks connecting Asia with Europe and Africa along ancient Silk Road trade routes to seek common development and prosperity.

For example, as far as Europe is concerned, the China-Europe freight train service to promote interconnectivity not only facilitates flow of commodities, but also brings opportunities to countries along Eurasian railway routes to improve railway infrastructure and transport system.

The China-Europe freight train service, whose operation was first launched in March 2011, has witnessed a remarkable increase in transport volume boosted by the initiative.

Citing the experiences of German logistics company Deutsche Post DHL Group, Thomas Kowalski, DPDHL director of operations in multimodal transport, said the Belt and Road Initiative expands the freight volume of railway routes connecting China and Europe, which boosts DHL's business.

"It opens up new opportunities for DHL in the Asian-Pacific region," he said.

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