The State Council Information Office of China said it will release a white paper titled “The Belt and Road Initiative: A Key Pillar of the Global Community of Shared Future” at 10 a.m. Tuesday and hold a press conference.
This comes on the 10th anniversary since the project was announced by China’s President Xi Jinping.
China’s Belt and Road Initiative is a strategy initiated by the People’s Republic of China that seeks to connect Asia with Africa and Europe via land and maritime networks with the aim of improving regional integration, increasing trade, and stimulating economic growth.
The name was coined in 2013 by China’s President Xi Jinping, who drew inspiration from the concept of the Silk Road established during the Han Dynasty 2,000 years ago – an ancient network of trade routes that connected China to the Mediterranean via Eurasia for centuries. The BRI has also been referred to in the past as ‘One Belt One Road’.
The BRI comprises a Silk Road Economic Belt – a trans-continental passage that links China with southeast Asia, south Asia, Central Asia, Russia, and Europe by land – and a 21st-century Maritime Silk Road, a sea route connecting China’s coastal regions with southeast and south Asia, the South Pacific, the Middle East, and Eastern Africa, all the way to Europe.
Malaysia is among the countries involved in the BRI with the ECRL track running across east Malaysia linking Kelantan, Terengganu, Pahang, and Selangor.