Following the uncertainties brought by the COVID-19 pandemic which has affected the entire global economy, speculation as to whether the China-Pakistan Economic Corridor (CPEC), a key project under the Belt and Road Initiative (BRI), will continue according to schedule has become louder.
After chairing the port customs for China-Europe freight train in "the world supermarket" Yiwu in East China's Zhejiang Province, Zhao Hengchao said this year's demand for cross-border freight trains was unprecedented, with the total freight volume between China and Europe growing nearly 105 percent year-on-year, a reflection of close relation between China and the countries along the Belt and Road Initiative (BRI).
Chinese enterprises have been shouldering corporate social responsibilities in their host countries, progressing China's Belt and Road agenda. Meanwhile, with the international communities reaching a consensus toward achieving sustainable development goals, experts believe that now is the optimal time to foster green development linked to the Belt and Road Initiative (BRI).
The two-day Belt and Road Summit organized by the Hong Kong Special Administrative Region (HKSAR) government started Monday online, focused on Belt and Road (B&R) opportunities and the global economic recovery after the COVID-19 pandemic.
The US and Taiwan's act will not have any substantial impact on the BRI, because their plan is not a substantial economic plan at all. But it aims to improve the so-called US-Taiwan official relations. This is the crux of the problem.