The third Belt and Road Forum for International Cooperation (BRF) was held in Beijing, China on October 17-18. At the BRF, 45

The third Belt and Road Forum for International Cooperation (BRF) was held in Beijing, China 🇨🇳 on October 17-18. At the BRF, 458 outcomes were achieved and over 10,000 participants from more than 150 countries and 40 international organizations. Business deals worth $97.2 billion were also reached at the CEO Conference held during this forum. China also signed a slew of bilateral agreements with many countries, including a free trade agreement with Serbia. Since Chinese President Xi Jinping proposed the in 2013, China had signed more than 200 BRI cooperation agreements. China 🇨🇳 vowed more financing support for Belt and Road Initiative (BRI) projects on the basis of market and business operation, with two policy banks each setting up a 350 billion yuan ($ billion) financing window and an additional 80 billion yuan injected into the Silk Road Fund. China will carry out 1,000 small-scale livelihood assistance projects. China’s FM Wang Yi summarised the forum’s achievements. Sending a clear signal of unity, opening-up and win-win cooperation. Consensus reached to take the BRI into a new stage of high-quality development. Vision to jointly achieve global modernization. The most prominent feature at the forum was action-oriented efficiency and pragmatism. Wang expressed willingness to link the BRI with the EU’s 🇪🇺 Global Gateway strategy to play out the advantages of both China and the West. Wang said that viewing the US 🇺🇸-proposed Partnership for Global Infrastructure and Investment as a counter to the BRI is a means to politicize economic issues, which is short-sighted as well as negative. Video sources - CGTN Источник: The Paradigm Shift Channel ⏳