Login

Reload

Remember me Forgot it?

Not a subscriber?

Click on the button below to create your account and get immediate access to Xinhua Silk Road Database.

Start a Free Trial

Subscribe

Belt & Road Weekly Subscription Form

Research Report

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

views

HOME > View


B&R Initiative more significant amid threat in global economy by rising protectionism: experts

September 21, 2018


Abstract : China-proposed Belt and Road Initiative (BRI) has become more significant for the entire world at a time when the global economic stability and growth are threatened by rising protectionism, a senior foreign affairs expert has said here.

一带一路

KATHMANDU, Sept. 21 (Xinhua)-- China-proposed Belt and Road Initiative (BRI) has become more significant for the entire world at a time when the global economic stability and growth are threatened by rising protectionism, a senior foreign affairs expert has said here.

Delivering lecture at the Department of Conflict, Peace and Development Studies under the Tribhuvan University on Thursday, former ambassador of Nepal to Bangladesh Dr. Mohan Lohani said that BRI has become more significant and relevant in the contemporary world scenario to promote openness, peace, development and globalization as the global economic stability and growth are threatened by the U.S. protectionist approach.

"The China-initiated BRI advocates for the promotion of openness, peace, development and globalization. So we can say that BRI is a model for globalization in the contemporary scenario," Lohani said, who is also the former president of Nepal Council of World Affairs, a Kathmandu-based think tank.

The Belt and Road Initiative, formally known as the Silk Road Economic Belt and the 21st-Century Maritime Silk Road, aims to build a trade and infrastructure network connecting Asia with Africa and Europe along the ancient trade routes of the Silk Road.

While praising the Chinese foreign policy, the former ambassador said that countries in South Asia including Nepal, the Maldives, Sri Lanka, and Pakistan have immense potential to reap benefit from their economic cooperation with China under the BRI framework.

Dr. Kalyan Raj Sharma, an expert on Nepal-China relations, said that the enhanced railroad connectivity with China under the BRI framework will be mutually beneficial for Nepal and other South Asian countries.

"The BRI seeks to promote cooperation among participating countries in the field of economy, connectivity, technology transfer, innovation, people-to-people contacts, and infrastructure investment," Sharma said while highlighting the importance of the initiative.

In the same event, Chairman of Arniko Society Dr. Sarbottam Shrestha briefed the Nepali students about the history of the Chinese culture.

Shrestha also highlighted about ideas propounded by Chinese philosopher Confucius saying that his ideas include rule by virtue, self-discipline in appeasing others and harmony in diversity.


Related Coverage

Focus

Think Tank

  • AIIB should broaden horizons to gain global impact

    December 17, 2018

    AIIB this year set a ceiling on non-regional investment, limiting it to 15 p...

  • Chinese enterprise helps Zimbabwe enhance power supp...

    December 17, 2018

    Chinese enterprises have actively responded to the Belt and Road Initiative ...

  • China in 2019 : Getting the stimulus dosage right

    December 14, 2018

    With policy support, while urbanization, an aging population and the rise of...

  • New ideas can drive China’s era of reform, growth

    December 13, 2018

    If China can take the 40th anniversary of reform and opening-up as an oppor...

  • Ask Us A Question

    If you have any questions, please enter them in the box below.

    Reload

    Write to Us

    Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

    Click on the button below to create your account and get imhttp://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

    Start a Free Trial