As of January 2020, the Chinese government has signed 200 cooperation documents with 138 countries and 30 international organizations for the joint construction of the Belt and Road. The year 2020 will be crucial to bring the Belt and Road Initiative into a stage of high-quality development from the stage of communications and planning. Currently the quick spread of the COVID-19 across the world has badly hit the global supply chains and international trade and economy, posing a new threat to the joint construction of the Belt and Road Initiative. With practical experience combined, this Report will review the achievements made during the seven-year development of the Belt and Road, look at the challenges and provide an outlook for the future construction of the Belt and Road.
I. Development-oriented guidance: significant progress achieved in many areas
II. Initial Construction of Long-term Mechanisms: Opening a New Stage of High-quality Development
III. Entering the "Deep-water Zone" of Development: Steadily Promoting the Sustainable Development of the Belt and Road Initiative
On July 21, the US suddenly requested China to close the Consulate General in Houston within 3 days, which aroused strong public concern. In response to this, Wang Wen, executive dean of the Chongyang Institute of Finance at Renmin University of China （RDCY）, said in a live interview on Russian TV Today (RT) that the United States is already very crazy with China and has no bottom line.