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Chinese President Xi Jinping is seen on a giant screen at a media center as he delivers via video link a keynote speech at the opening ceremony of the Boao Forum for Asia in Boao, Hainan province, China, on April 20, 2021. — Reuters
#Boao #Forum #Quest #shared #future #China
Asia is growing as a new hub of economic growth. The 21st century is from Asia, and world power is changing in this direction. These are common slogans that we hear from time to time.
Various organizations and initiatives are promoting this idea and are working to make it a reality. The Bao Forum (BF) is one of them. The analysis of past forums shows that it has focused on several areas and helped bring people closer. It has created opportunities for cooperation and cooperation. The construction of the past achievements and powers of the Bowo Forum, this year’s forum will seek the shared future of humanity in Asia.
It would be interesting to observe and estimate how the forum cooperates in this purpose, especially when the world is making extraordinary changes. Western hedimonic forces and aspirations are creating global instability, Asia is an important target point. They have revived the ancient “division and governance” strategy and encouraged conflicts.
On the one hand, they are persuading several major Asian countries to integrate with the Western interests, which, in collaboration with Asia, offends any effort. Sadly, some countries are desperate to participate in these efforts. On the other hand, they are increasing tensions in Asia, especially in the China neighborhood, as seen in the conflict in Ukraine.
In these situations, the struggle for a common future and shared prosperity offers Herculeine work. However, by establishing links with BF programs and measures, it can play a positive role in the effort that can attract investment in Asia, improve communication, increase trade and facilitate exchange.
Fortunately, there is a great opportunity for BF in China. Beijing has initiated many such steps, including the most relevant community with a joint future, Asian Infrastructure Investment Bank, Belt and Road Initiative (BRI), China International Import Expo, etc. Let’s try to find out how these measures can help BF and Asia.
China created the Asian Infrastructure Investment Bank (AIIB) as a multinational financial and development agency aimed at helping Asia build a prosperous future. The AIB works with slogans to build infrastructure for tomorrow, adopting the principles of stability, innovation and prosperity for people. The AIIB is encouraged to help countries involved in modern solutions and technology to build future infrastructure, which can create economic activities and enhance communication. It also tries to offer a solution that can meet the requirements and requirements of the clients without the order.
Although AIIB has a mandate for working for Asia and the Indian Ocean, it has a wider membership worldwide. Since its creation, AIIB has participated in several sectors and funded several countries and companies, either governments or private firms. According to statistics, it has financed 134 projects and programs. Forty -eight projects are under approval. It has also extended a special grant in 14 cases. In addition, it has approved $ 26.45 billion and committed $ 21.43 billion. It has also extended $ 30.14 million to prepare the project.
The most prominent feature of the AIB is that President XI discourage geo -political and are working to ensure that AIB does not follow politics. Ayib follows the vision of President XI, which shows the funding. For example, India is AIIB’s largest lender. By 2020, he borrowed about 3 4.3 billion. This is happening despite China and India being involved in the border dispute, which is a sign of non -interference on political issues and interests.
The analysis shows that the Bowo Forum and the AIIB share the same goal of building a prosperous Asia. In this way, the Booo Forum can benefit from AIIB investment opportunities.
Links with China International Import Expo. This will help the BF achieve its goal of promoting trade, and will help members benefit from the major Chinese market. In addition, it can help promote the culture of innovation, as CIII tech companies attract the exposure and sale of their latest products.
The Belt and Road Initiative (BRI) gives the BF a great opportunity to achieve its common future purpose. The BRI includes all the key elements that agree with the basic goals of the Boau Forum, such as economic cooperation, exchange, environment and communication.
First, BRI can help promote economic support, links, trade and exchange through infrastructure construction. For example, in 2019, the World Bank conducted a series of studies to de -code the potential benefits of BRI.
According to studies, once the BRI is completed, the world will face significant decline in travel hours (12 pcs for BRI countries and 3 pcs for non -BRI countries). Improved infrastructure will benefit multiple sectors, which includes trade (2.7-9.7pc for BRI countries and 1.7-6.2pc for non-evil countries) and real income (1.2-3.4pc for BRI economies respectively and 0.7-2.9pc for non-BRI economies respectively).
Global GDP is likely to increase BRI’s economies by 3.4pc and non -BRI economies by 2.6PC. It was estimated that the increase in GDP 1 PC would be equal to $ 930 billion, based on the year 2014. Asia, being an investment home, is a great advantage.
In addition, it is important to note that these studies were done based on investment of $ 585 billion. In 2023, China’s total investment exceeded $ 1 trillion, and has mobilized 45 2.45 trillion in investment from other countries and sources. In this way, the benefits are increased accordingly.
Second, the BRI emphasizes the removal of environmental protection and climate change, which is another important purpose of the Booo Forum. The President XI claims development without protecting the environment and reducing GHG emissions, which will have limited benefits. Therefore, immediately the start of the BRI. Later, President XI entrusted the NDRC to make a comprehensive policy under the BRI to encourage climate and environmentally friendly development.
Several steps were initiated under the BRI to achieve the goal of the Green BRI, including BRI International Green Development Coalition (Brigi C), Silk Road Environment Program, Green Silk Road Enrollment Program, and Big Data Platform.
China is dedicated to taking concrete steps to implement Green BRI vision. Initially, it directed the investment of green energy, infrastructure and industry. For example, in 2020, investment in renewable energy resources reached 58.2pc, which was more than 19.6pc in 2014. In 2023, China invested about $ 7.9 billion in green energy projects. It also worked with 29 BRI countries to build a low -carbon demonstration zone to strengthen its ability to tackle climate change challenges.
Therefore, the Boo Forum should try to establish official links with the Belt and the Road Initiative (BRI). It seems that this is a challenge right now, because like India, some Bow Forum members oppose evil. This opposition is unstable, as it has a negative impact on economic growth and development opportunities. Economic growth and development is very important for developing countries, such as India and others. As a result, there should be no resistance to establishing official links. These contacts can indirectly enable non -BRI members to take advantage of the BRI offering and BRI countries’ wider market opportunities.
The aforementioned debate shows that China can help create a prosperous Asia. However, to achieve this, the BO, the Boo Forum and its members will have to encourage dialogue rather than a confrontation and focus on winning the zero game to fully benefit from Chinese measures.
