Ambassador Cui Tiankai Delivered Remakrs
on 'the Belt and Road Imitative' and China-U.S. Relations at Bloomberg Global Business Forum
2017/09/22

 

On September 20, Ambassador Cui Tiankai attended Bloomberg Global Business Forum and spoke during the "China's Belt and Road Initiative and the Changing landscape of Global Commerce" session. Key points of Ambassador Cui's remarks are as follows:

First, the Belt and Road Initiative is about economic development rather than strategic or geopolitical calculation. With widening development gaps among regions, countries and even within economies, how to close such gaps became an important question. The Belt and Road Initiative was introduced in this context.

Second, the aim of the Belt and Road Initiative is to build connectivity that links people of different countries, rather than building closed and exclusive blocks. Therefore the initiative is open to all.

Third, the Belt and Road Initiative is not only about physical infrastructure like railroads, highways, airports and sea ports, but also soft connectivity such as connecting people all over the world through cyber space. Better understanding among different countries and cultures is the real foundation for the Belt and Road Initiative cooperation.

Fourth, the Belt and Road Initiative is open to the United States, rather than geopolitically rivals the United States. When Beijing held the Belt and Road Forum for International Cooperation this May, the United States Government sent high level delegation to attend and China welcomed U.S. participation. China also welcomes American government and businesses to further involve in cooperative projects under the Belt and Road Initiative.

Ambassador Cui concluded that the Belt and Road Initiative is not just China's Initiative. China was the first to put it forward, but it is a joint cause that all participants jointly build through consultation to meet the interests of all.

The 19th Party Congress of the Communist Party of China will present a blueprint of China's development in the coming years. The general direction is clear. China will deepen its reform and open more to the world. This will create broader prospect for cooperation between China and other countries, including cooperation under the Belt and Road Initiative.

As a significant part of Bloomberg Global Business Forum, the session "China's Belt and Road Initiative and the Changing landscape of Global Commerce" is hosted by Tammy Tam, editor-in-chief of South China Morning Post. Ambassador Cui Tiankai, Mr. Zhang Xiaoqiang, Executive Vice Chairman and CEO of the Executive Office and Legal representative of the China Center for International Economic Exchanges (CCIEE), Ms. Lucy Peng, Executive Chairman of Ant Financial Services Group and Mr. Vijay Sharma, Founder and CEO of Paytm in India joined the discussion.

 

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