Editorial: Why Belt and Road Plan Is a Game Changer That Could Further Open China’s Markets
Beijing’s $1 trillion push to reshape the international trade landscape passed another milestone last week, with the successful conclusion of the Belt and Road Forum, where more than 270 cooperation deals were signed. It was the highest-level multilateral event held in China, with heads of state or government from 29 partner countries in attendance.
The agreements inked at the summit covered a wide range of sectors including telecommunications, infrastructure development, trade promotion and financial cooperation. It also pushed for greater openness in terms of market access and information flow between member countries – a key tenant of the Belt and Road Initiative.