SEOUL: Lee Hee-ok, Professor of Political Science at Sungkyunkwan University in the South Korean capital of Seoul said that China has and will continue to drive economic development in the South Asian region and the world. The massive Belt and Road Initiative will be the driver of economic growth. He said, “The China-initiated BRI, a community with a shared future for mankind, and a regional community with shared future are an open platform where everybody joins and enjoys common interest.”
The Belt and Silk Road Initiative, which was launched in 2013, aims to build a trade and infrastructure network connecting Asia with Europe, Africa and beyond along the ancient trade routes of the Silk Road.
According to Lee, the BRI developed open-platform encouraged a number of parties to join in the prosperity as the government believes in multilateralism and goes against isolationism and unilateralism. The Initiative works towards projecting China as a point of power in the East and a strong economic contender of developed economies world over.
The professor further added that with the launch of the G20 meeting in 1999, China decided to enter into the global world market. This triggered one of the biggest changes in the world economy as one of the world’s biggest markets joined the global economic order.
“In comparison to 1999, the biggest change is that China’s participation in the world economy makes contributions to the global economy as well as its own economy,” Lee said.
Source: Xinhua News Agency