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| Foreign Ministry Spokesperson |
China's Stance on Connectivity Initiatives
China's Foreign Ministry has voiced its support for initiatives that foster infrastructure development and connectivity among developing countries. The ministry emphasizes the need for these initiatives to be open, inclusive, and not used as geopolitical tools.
The India-Middle East-Europe Economic Corridor
Prime Minister Modi's announcement of the India-Middle East-Europe Economic Corridor represents a significant step towards economic integration. This corridor aims to connect India, the UAE, Saudi Arabia, the European Union, France, Italy, Germany, and the US, promising a new era of connectivity and sustainable development.
A Historic Partnership
Prime Minister Modi described the partnership as historic, highlighting its potential for economic integration between India, West Asia, and Europe. This corridor is poised to redefine connectivity and contribute to global sustainable development.
International Recognition
US President Joe Biden recognized the significance of this partnership, especially in promoting clean energy and better communities. The international community sees this initiative as a way to address infrastructure gaps in low- and middle-income countries effectively.
A Rival to China's Belt and Road Initiative (BRI)
Analysts note that the India-Middle East-Europe Economic Corridor is the first global connectivity project to challenge China's Belt and Road Initiative (BRI). The BRI has faced criticism, particularly regarding the debt sustainability of participating smaller countries.
The Belt and Road Initiative (BRI)
Initiated by Chinese President Xi Jinping in 2013, the BRI envisions extensive connectivity between China, Southeast Asia, Central Asia, the Gulf region, Africa, and Europe. It aims to rebuild the ancient Silk Road trade route through a network of land and sea routes.
Italy's Decision to Quit BRI
Italy's recent decision to withdraw from the BRI has garnered attention. Italian Foreign Minister Antonio Tajani cited unmet expectations and domestic opposition as reasons for Italy's departure. This development poses a challenge to China's ambitious project, as Italy's exit is seen as an embarrassment to President Xi's initiative.
China's Response to Italy's Exit
China's response to Italy's decision has been measured. During talks between Chinese Premier Li Qiang and Italian counterpart Giorgia Meloni at the G20 summit, both leaders discussed important bilateral issues. They agreed to strengthen dialogue and cooperation, emphasizing shared prosperity and development.
BRI's Global Impact
China highlights the positive impact of the BRI, noting that over ten years, more than 150 countries and cooperation partners have joined the initiative. It claims that the BRI has delivered tangible benefits to participating countries in various sectors.
In conclusion, the India-Middle East-Europe Economic Corridor holds great promise for global connectivity and economic integration. China's cautious welcome underscores the importance of maintaining transparency and inclusivity in such initiatives. As this corridor takes shape, it has the potential to reshape the global economic landscape and emerge as a formidable competitor to China's BRI.
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