BRI at 10 faces many challengesBy Meng Chih-cheng 蒙志成The third Belt and Road International Cooperation Summit was held in Beijing on Oct. 17 and 18, as China celebrated the 10th anniversary of its Belt and Road Initiative (BRI), with more than 140 countries, 30 international organizations and 24 heads of state in attendance. Nevertheless, the Beijing summit, which was held amid the conflict between Israel and Hamas, highlighted the significance of the BRI over the past decade. Xi visited Moscow in March and signed statements on strategic partnerships and economic cooperation with Russia. Third, Russia is gradually shifting its focus toward the Pacific Ocean, while China is facing a complex situation in the South China Sea. Xi’s recent actions to support the BRI include promoting cooperation, green development, scientific innovation, people-to-people exchanges and better societies, as well as strengthening the initiative’s international cooperation mechanism.

Source: Taipei Times October 30, 2023 21:44 UTC