KATHMANDU: Wang Yuzhu, Chinese foreign policy expert, said that China desires to develop the South Asian countries through the cooperation under the Belt and Road Initiatives (BRI).
The Director of Department of Regional Cooperation Studies, National Institute of International Strategy, Chinese Academy of Social Science, Wang, said that the South Asian countries were an important part of the Initiative presented by the Chinese President, Xi Jinping.
“Infrastructure connectivity, industrial investment, resource development, economic and cooperation, cultural exchange, ecological protection and maritime cooperation are the project priority of BRI. These elements are equally important for achieving the sustainable growth of any countries,” he said at an interaction on “One Belt One Road: China’s Expectations of South Asia,” organised by China Culture Centre in Nepal and Arniko Society.
BRI aims to focus on developing infrastructure connectivity, as it is more vital for appealing investment from the both domestic and international community, he said, in addition, development of many countries was backed due to lack of investment for enhancing connectivity.
He said that the BRI would be of special importance for the global cooperation and world economy through bringing more countries in the global production and price network at a time when America started a trade war with its conservative mind-set.
Source: Inputs from News Agencies