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"Today, we gather here to renew the Silk Road spirit and discuss the Belt and Road development for international cooperation. This is both a continuation of our shared legacy and a right choice for the future."
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Xi spoke of the myriad challenges the world faces: sluggish trade and investment, wobbling economic globalization, increasingly unbalanced development, impact from large-scale migration of refugees and immigrants, as well as wars, conflicts and terrorism.
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"The Belt and Road Initiative is rooted in a shared vision for global development," UN Secretary-General Antonio Guterres said at the forum's opening."Running through Asia, Europe and Africa and extended to the whole world, it is far-reaching in geography and in ambition."
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A total of 68 nations and international organizations have signed cooperation agreements with China on the Belt and Road, Xi told reporters at the end of the first forum in Beijing.
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The Belt and Road initiative, since firstly put forward, has not only improved inter-connectivity of the participating countries, but also enhanced people-to-people exchanges, the chairman hailed the remarkable accomplishments scored so far.
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Countries should align cooperation under the Belt and Road Initiative with the United Nations 2030 Agenda for Sustainable Development and the follow-ups to the G20 Hangzhou Summit, as well as the development plans of regional blocs such as the Association of Southeast Asian Nations, the African Unio
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American academia has also started to explore the Belt and Road initiative. The University of California Berkeley set up the first institutionalized center dedicated to the study of the history of the Silk Road in April, and a number of seminars on the Belt and Road initiative have been launched in
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"We entrepreneurs are now more confident. This affirms the initiative after five years of development. Many countries were skeptical and held a wait-and-see attitude toward the initiative, but now they applaud it."
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The Belt and Road Forum has got off to an excellent start, which is a good sign. The development and cooperation, considered impossible in the past, are likely to offer a new promising land for global governance.
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In a separate meeting with World Bank President Jim Yong Kim on Sunday, Li said China's economy is in the process of transformation and upgrading, which requires traditional industrial capacity to be overhauled and new growth momentum to be fostered as well.
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The forum on Dutertenomics and the Belt and Road initiative was hosted by the Philippine delegation attending the two-day Belt and Road Forum for International Cooperation started on May 14 in Beijing.
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As part of their intercontinental rail freight services, the CR Express has now developed a total of 39 train routes connecting 16 cities in China to Europe. Rail freight provides a cheaper shipment method to air, and a more time-efficient option than sea.