A think tank forum was held on Saturday, with the aim of building an intellectual union with clashes and exchanges of ideas about China`s "Belt and Road" Initiatives.
Fu Ying, chairperson of the Foreign Affairs Committee of the 12th Chinese National People`s Congress, speaks at the Singapore Regional Business Forum in Singapore on July 27, 2015. The Singapore Business Federation organized the Singapore Regional Business Forum with the theme "21st Century Maritime Silk Road" on Monday.
Countries in Asia, Europe and South America are responding to China`s "One Belt, One Road" call, with a number of government officials expressing eagerness to participate in the initiative at a forum on Thursday.
Further East still, OBOR is an entry point for the EU into Asia-Pacific affairs. Since the United States put forward its “return to Asia” strategy, the EU has been concerned it will be marginalised. EU efforts to accelerate the promotion of free trade agreements with Asian countries have made less-than-satisfactory progress. OBOR would make it much easier for Europe to participate in Asia-Pacific affairs.
Some countries believe that initiative forms a closed loop. They even draw it as a closed loop on currently popular maps. Actually it is open: a network of capital construction, investment, business and information, rolling the economic corridors into one. It emphasizes starting a new concept of regional and international cooperation for the 21st century rather than following the well-beaten track of expansionist western countries.
Is the Belt and Road Initiative China’s Marshall Plan?Such questions were frequently raised with me after I finished speaking about the belt and road at the Italian think-tank Istituto Per Gil Studi Di Politica Internazionale. It therefore seems the ideal time for the Boao Forum to seek consensus and publish a white paper on the Belt and Road Initiative.