The Belt and Road Initiative: A Key Pillar of the Global Community of Shared Future

The State Council Information Office of the People's Republic of China October 2023

Contents

Preamble

I. Proposed by China but Belonging to the Whole World

II. Paving the Way Towards Shared Development and Prosperity

III. Promoting All-Round Connectivity in Multiple Fields

IV. Injecting Positive Energy into World Peace and Development

V. Pursuing Steady and Sustained Progress in High-Quality BRI Cooperation

Conclusion

Preamble

Over two millennia ago, inspired by a sincere wish for friendship, our ancestors travelled across grasslands and deserts to create a land Silk Road connecting Asia, Europe and Africa, leading the world into an era of extensive cultural exchanges. More than 1,000 years ago, our ancestors set sail and braved the waves to open a maritime Silk Road linking the East and the West, beginning a new phase of closer communication among peoples.

Spanning thousands of miles and years, the ancient silk routes were not only routes for trade but also roads for cultural exchanges. They made a great contribution to human progress. In the 1980s, the United Nations and some countries began to envisage the Eurasian Land Bridge, the Silk Road Initiative, and other plans, reflecting a common wish to engage in communication and cooperation.

In March 2013, President Xi Jinping proposed the vision of a global community of shared future; in September and October that year, he raised the initiatives of joining with others to build a Silk Road Economic Belt and a 21st Century Maritime Silk Road (Belt and Road Initiative, or BRI). The Belt and Road Initiative is a creative development that takes on and carries forward the spirit of the ancient silk routes — two of the great achievements in human history and civilization. It enriches the ancient spirit with the zeitgeist and culture of the new era, and provides a platform for building a global community of shared future.

Since its launch 10 years ago, thanks to the combined efforts of all parties, cooperation under the BRI framework has expanded beyond the borders of China to become an international effort. It has evolved from ideas into actions, from a vision into reality, and from a general framework into concrete projects. It has been welcomed by the international community both as a public good and a cooperation platform, and has achieved solid results.

Over the past decade, BRI cooperation has delivered real gains to participating countries. It has contributed to the sound development of economic globalization and helped to resolve global development challenges and improve the global governance system. It has also opened up a new path for all humanity to realize modernization, and ensured that the efforts of building a global community of shared future are delivering real results.

The Chinese government is publishing this white paper to present the achievements of the BRI during the past 10 years. It will give the international community a better understanding of the value of the initiative, facilitate high-quality cooperation under it, and ultimately deliver benefits to more countries and peoples.

I. Proposed by China but Belonging to the Whole World

The world today is going through profound change on a scale unseen in a century. Problems and challenges continue to threaten the progress of human civilization. In response to a changing global situation and the expectations of the international community, and with the future and overall interests of humanity in mind, China proposed the Belt and Road Initiative (BRI). Committed to the Silk Road spirit, a great heritage of human civilization, the BRI connects the past, the present, and the future. This initiative was launched by China, but it belongs to the world and benefits the whole of humanity.

1. Rooted in history, the BRI carries forward the Silk Road spirit

At around 140 BC during China's Han Dynasty, Zhang Qian, a royal emissary, made a journey to the West from Chang'an (present-day Xi'an in Shaanxi Province), opening an overland route linking the East and the West. Centuries later, in the years of the Tang, Song and Yuan dynasties, silk routes boomed both over land and at sea, facilitating trade between the East and the West. In the early 15th century, Zheng He, the famous Chinese navigator of the Ming Dynasty, made seven voyages to the Western Seas, which boosted trade along the maritime silk routes.

For thousands of years the ancient silk routes served as major arteries of interaction, spanning the valleys of the Nile, the Tigris and Euphrates, the Indus and Ganges, and the Yellow and Yangtze rivers. They connected the birthplaces of the Egyptian, Babylonian, Indian and Chinese civilizations, the lands of the believers of Buddhism, Christianity and Islam, and the homes of peoples of different nationalities and races. These routes increased connectivity among countries on the Eurasian continent, facilitated exchanges and mutual learning between Eastern and Western civilizations, boosted regional development and prosperity, and shaped the Silk Road spirit characterized by peace and cooperation, openness and inclusiveness, mutual learning and mutual benefit.

Symbolizing communication and cooperation between the East and the West, the millennia-old silk routes demonstrated that by upholding solidarity and mutual trust, equality and mutual benefit, inclusiveness and mutual learning, and win-win cooperation, countries of different ethnic groups, beliefs and cultural backgrounds could share peace and achieve development together. The Silk Road spirit is consistent with the ideal of "all states joining together in harmony and peace" long upheld by the Chinese nation, with the Chinese people's principles of amity, good neighborliness and "helping others to succeed while seeking our own success", and with the call of the times for peace, development and win-win cooperation.

The Communist Party of China is a major political party with a global vision, and China is a major country pursuing peaceful development. The BRI, which carries forward the Silk Road spirit in the new era, evokes the pleasant memories of the past and has fired many countries' enthusiasm for connectivity.

The BRI pays respect to history and tries to recreate the bustling scenes of untiring envoys and businessmen over land and countless ships calling at ports along the ancient silk routes. It is also navigating a way to the future by drawing wisdom and strength from the ancient silk routes and the Silk Road spirit. Enlightened by history, we will continue to move forward and integrate the Chinese Dream with the world's dreams, in order to realize the aspiration of all peoples for exchanges between civilizations, peace and tranquility, common development, and better lives.

2. In response to reality, the BRI resolves problems in development

Development holds the master key to solving all problems. Economic globalization has given strong momentum to the world economy. Over 500 years ago, after the ancient silk routes had been interrupted for more than a half century, the Age of Discovery arrived, fundamentally changing the course of human society. Since the advent of modern times, technological revolutions and development of the productive forces have made economic globalization a surging historical trend. In particular, since the 1990s, the rapid advance of economic globalization has greatly facilitated trade, investment, flows of people, and technological progress, making an important contribution to the progress of human society.

However, the economic globalization dominated by a few countries has not contributed to the common development that delivers benefits to all. Instead, it has widened the wealth gap between rich and poor, between developed and developing countries, and within developed countries. Many developing countries have benefited little from economic globalization and even lost their capacity for independent development, making it hard for them to access the track of modernization. Certain countries have practiced unilateralism, protectionism and hegemonism, hampering economic globalization and threatening a global economic recession.

It is imperative to address such global problems as sluggish economic growth, shortcomings in economic governance, and imbalanced economic development. It is no longer acceptable that only a few countries dominate world economic development, control economic rules, and enjoy development fruits.

The BRI targets development not only for China but for the world at large. Economic globalization remains an irreversible trend. It is unthinkable for countries to return to a state of seclusion or isolation. However, economic globalization must undergo adjustments in both form and substance. It should be made more open, inclusive, balanced and beneficial to all.

China has not only benefited from economic globalization but also contributed to it. As an active participant in economic globalization, China has achieved rapid economic growth through positive interactions with the rest of the world and explored a unique path towards modernization, expanding the options for other developing countries to achieve modernization. China's rapid economic growth and steady progress in reform and opening up has provided a strong driving force for global economic stability and growth as well as an open world economy.

China has been a firm advocate and defender of economic globalization. The BRI dovetails with the UN 2030 Agenda for Sustainable Development in concept, measures and goals. A major step taken by China, the BRI aims to promote higher-quality development through higher-standard opening up, and share China's development opportunities with the rest of the world. The BRI is also a Chinese solution to global development issues, which aims to advance modernization in participating countries in tandem, make economic globalization more dynamic, inclusive and sustainable, and ensure that more of the fruits will be shared more equitably by people across the world.

3. Oriented towards the future, the BRI creates a better world

Today, the world is moving ever closer towards greater multipolarity, economic globalization, and cultural diversity, and becoming increasingly information-orientated in the process. Countries are more frequently connected and closely interdependent than at any time in the past. It is increasingly clear that humanity is a community of shared future in which everyone's interests are inseparably entwined.

However, a growing deficit in peace, development, security and governance, together with interwinding conventional and non-conventional security issues such as regional conflicts, arms races, food security, terrorism, cyber-attacks, climate change, energy crises, major infectious diseases, and artificial intelligence problems, poses a grave threat to the beautiful planet on which all humans live.

In the face of emerging global difficulties and challenges, human society needs new ideas, new concepts, and a more just, equitable, balanced, resilient and effective global governance system. What kind of world to build and which way to take to create a brighter future are issues that have a bearing on every country and every person. We must respond to the challenges presented by the times and make the right historic choice.

As a major developing country that meets its responsibilities, China keeps in mind the future and the common interests of humanity. China has therefore proposed building a global community of shared future, with the goal of creating an open, inclusive, clean and beautiful world that enjoys lasting peace, universal security and common prosperity, charting a bright future for human development.

The ultimate goal of the BRI is to help build a global community of shared future. As an important public good for improving global governance, the initiative provides a platform for turning the vision into reality. The BRI involves countries in different regions, at different development stages, and with different cultures. It transcends differences in ideologies and social systems. It enables different countries to share opportunities, realize common development and prosperity, and build a community of shared interests, responsibility and destiny characterized by mutual political trust, economic integration and cultural inclusiveness. As a practical means of building a global community of shared future, the BRI has created new understanding and inspired the imagination of the world, and contributed new ideas and new approaches to international exchanges. It will produce a fairer and more equitable global governance system, and take humanity to a better future.

II. Paving the Way Towards Shared Development and Prosperity

The BRI is in alignment with the concept of a global community of shared future. It promotes and puts into action ideas that are relevant to the present era, the world, development, security, openness, cooperation, civilization, and governance. It provides not only a conceptual framework but also a practical roadmap for all nations to achieve shared development and prosperity.

1. Principles: extensive consultation, joint contribution, and shared benefits

The BRI is founded on the principles of extensive consultation, joint contribution, and shared benefits. It advocates win-win cooperation in pursuit of the greater good and shared interests. It emphasizes that all countries are equal participants, contributors and beneficiaries, and encourages economic integration, interconnected development, and the sharing of achievements.

The principle of extensive consultation signifies that the BRI is not a solo endeavor by China, but a collaborative effort involving all stakeholders. This principle promotes and activates authentic multilateralism, encouraging collective decision-making while fully respecting the varying levels of development, economic structures, legal systems, and cultural traditions of different nations. It emphasizes equal participation, effective communication, collective wisdom, freedom from any political or economic preconditions, and voluntary engagement to foster maximum consensus. Irrespective of size, strength and wealth, all countries participate on an equal footing and can provide opinions and proposals in bilateral and multilateral cooperation.

Under this principle, economies at different stages of development will reinforce bilateral or multilateral communication, jointly identify and establish innovative cooperation mechanisms, and provide a platform for dialogue, cooperation and participation in global governance.

The principle of joint contribution highlights that the BRI is not one of China's international aid programs or geopolitical tool, but a collaborative effort for shared development. It aims to align with existing regional mechanisms rather than becoming their substitute and leverage complementary strengths. This principle emphasizes the participation of all parties involved, substantial coordination with the development strategies of relevant countries and regions, and the identification and utilization of their respective development potential and comparative strengths. The objective is to collectively create new opportunities, driving forces, and development space while achieving complementary and interactive growth by capitalizing on each party's strengths and capabilities.

To promote extensive participation, this principle encourages countries and businesses to engage through various forms such as bilateral cooperation, third-party market cooperation and multilateral cooperation, thereby creating synergy for development. This principle values market forces and promotes market-oriented operations to further the interests and meet the expectations of all parties involved. In this context, businesses play a central role as the main actors, while the government's responsibility lies in building platforms, establishing mechanisms, and providing policy guidance. China's key role in BRI cooperation stems from its economic size, market scale, experience in infrastructure construction, capacity to produce low-cost, high-quality, high-performance equipment, and comprehensive strengths in industry, capital, technology, talent and management.

The principle of shared benefits underscores the importance of win-win cooperation. It aims to identify common interests and grounds for cooperation, meet the development needs of all parties, and address the real concerns of the people. This principle emphasizes sharing development opportunities and outcomes among all participating countries, ensuring that none of them is left behind. Most participants are developing countries, all seeking to leverage collective strengths to address challenges such as inadequate infrastructure, lagging industrial development, limited industrialization, insufficient capital and technology, and a shortage of skilled workers, to promote their own economic and social development.

Under the BRI framework, China pursues the greater good and shared interests, with the former taking precedence, by providing assistance to partner countries within its capabilities and genuinely supporting other developing countries to accelerate development. Simultaneously, through BRI cooperation, China aims to foster all-round opening up by building connections with other countries over land and sea while creating synergy between its eastern and western regions. It seeks to build a more advanced open economy and create a double development dynamic with the domestic economy as the mainstay and the domestic economy and international engagement providing mutual reinforcement.

2. Concepts: open, green and clean cooperation

The BRI is committed to open, green and clean cooperation towards inclusive and sustainable development. It has zero tolerance for corruption and promotes steady and high-quality growth.

The BRI is a public road open to all, not a private path owned by any single party. It is free from geopolitical calculations. It does not aim to create an exclusive club, nor does it target at any party. It does not form cliques based on specific ideological standards. It has no intention of establishing military alliances. Countries from Eurasia, Africa, the Americas, and Oceania are all welcome to participate in the initiative, regardless of their political system, historical background, culture, development stage, ideology, or religious beliefs, as long as they seek common development. All participants uphold principles of openness and inclusiveness, while firmly opposing protectionism, unilateralism and hegemonism, and working together to create an all-round, three-dimensional landscape of interconnectivity. The goals are to develop a new model of cooperation based on win-win outcomes, shared responsibility, and collective participation, build a global network of partnerships, and nurture a harmonious coexistence for humanity.

The BRI embraces the global trend of green and low-carbon development, emphasizes respecting and protecting nature and following its laws, and respects the right of all parties to pursue sustainable and eco-friendly growth.

Based on a shared commitment to eco-environmental considerations, the parties involved have carried out policy dialogues, and shared ideas and achievements in green development. Through closer cooperation in areas such as green infrastructure, renewable energy, eco-friendly transport, and sustainable finance, all parties work together to broaden consensus and take concrete steps towards green development. The ultimate goal is to establish a resource-efficient, eco-conscious and low-carbon Silk Road, thereby making a significant contribution to protecting the eco-environment, achieving peak carbon and neutrality goals and addressing climate change.

Leveraging its expertise in renewable energy, energy conservation, environmental protection and clean production, and employing Chinese technology, products and experience, China actively promotes BRI cooperation in green development.

Clean governance is considered an intrinsic and necessary condition for the steady and sustained development of the BRI, with a commitment to transparency in cooperation. All participants joined to combat corruption, strengthening their legal systems and mechanisms, harmonizing their laws and regulations, and fostering international cooperation. Furthermore, all participants stand united against all forms of corruption and other international criminal activities, and work consistently to combat commercial bribery. This ensures that financial resources and projects are managed with integrity and efficiency, leading to greater outcomes and making BRI cooperation an example of clean governance.

In April 2019, together with relevant countries, international organizations, and representatives from the business and academic communities, China launched the Beijing Initiative for the Clean Silk Road. This initiative calls for a clean Silk Road characterized by extensive consultation, joint contribution, and shared benefits. Chinese companies expanding globally are committed to compliance and lawful operations, adhering to the laws of both China and the host countries and to international norms. They have particularly heightened their capacity to mitigate overseas operational risks, strengthening project supervision and management to ensure the delivery of clean, cost-efficient and high-quality projects.

State-owned enterprises (SOEs) directly under the central government have released 868 guidelines of compliance in key areas, and defined 5,000-plus job compliance responsibilities; SOEs and financial institutions directly under the central government and their branches have formulated and updated more than 15,000 rules for managing overseas operations. In November 2020, more than 60 Chinese enterprises engaged in extensive BRI cooperation joined in launching the Integrity and Compliance Initiative for BRI Enterprises.

3. Objectives: high standards, sustainability, and better lives

The BRI aims at high standards, sustainability, and better lives by raising cooperation standard, investment effectiveness, supply quality, and development resilience, delivering real and substantive results for all participants.

The BRI introduces universally accepted rules and standards to guide business practices in project tendering, procurement, development and operation. It promotes high-standard cooperation and construction in various sectors. It advocates establishing free trade zones in alignment with international rules and standards, and implementing policies to promote trade and investment liberalization and facilitation to a higher level. This will ensure safe, smooth and orderly flows of people, goods, funds and data, and enable greater interconnectivity and deeper exchanges and cooperation. The approach emphasizes world-class standards, practicality, and cost-effectiveness. Pilot projects precede wider implementation, and participating countries are encouraged to adopt rules and the path adapted to their national conditions. China has established a high-level leadership organization and issued policy documents to consistently improve BRI design and implementation.

In alignment with the UN 2030 Agenda for Sustainable Development, the BRI promotes coordinated economic, social, and eco-environmental development. Its aims are to address the root causes and obstacles that hinder development and boost the self-driven development of participating countries. It strives to achieve lasting, inclusive and sustainable economic growth, integrating sustainable development principles into project selection, implementation and management. Following international practices and debt sustainability principles, it is working to create a long-term, stable, sustainable and risk-controlled investment and financing system with innovative models and diverse channels in order to establish a stable, transparent and high-quality funding guarantee system that ensures commercial and fiscal sustainability. No participating country has fallen into a debt crisis as a result of BRI cooperation.

The BRI takes a people-centered approach, with the focus on poverty eradication, job creation, and improvement of people's wellbeing to ensure that the benefits of cooperation reach all individuals. Deeper cooperation is encouraged in areas such as public health, poverty reduction, disaster mitigation, green development, science and technology, education, culture, arts, and health care. Closer exchanges are promoted among political parties, social organizations, think tanks, youth, women, and sub-national communities. These efforts aim to create projects that are grounded in the needs of the people, increasing their sense of gain and fulfillment. China actively promotes small-scale yet impactful projects through foreign aid, benefiting people's lives. From Asia to Africa, Latin America to the South Pacific, the construction of roads, railways, schools, hospitals and agricultural facilities contributes to poverty reduction and improves the people's wellbeing in participating countries.

4. Vision: a path to global wellbeing

An initiative towards progress, cooperation and inclusiveness, the BRI pursues development, promotes win-win outcomes, and inspires hope. It aims to deepen understanding and trust, strengthen comprehensive exchanges, and ultimately achieve common development and shared prosperity.

A path to peace. Peace is a prerequisite for development, while development serves as the foundation for peace. The BRI goes beyond the law of the jungle and the hegemonic order based on power struggles. It rejects zero-sum thinking and discards the Cold War mentality of ideological rivalry and geopolitical competition. Instead, it paves the way for peaceful development, and aims to offer a fundamental approach to lasting peace and universal security. Under the BRI, nations respect each other's sovereignty, dignity, territorial integrity, development path, social system, core interests, and major concerns. As the initiator of the BRI, China passionately campaigns for the establishment of a new model of international relations characterized by mutual respect, equity, justice, and win-win cooperation. It is committed to building partnerships based on dialogue rather than confrontation, and friendship rather than alliance, and to fostering a new vision of common, comprehensive, cooperative and sustainable security. These efforts help to create a peaceful and stable development environment.

A path to prosperity. The BRI is committed to building a prosperous future that diverges from the exploitative colonialism of the past, avoids coercive and one-sided transactions, rejects the center-periphery model of dependency, and refuses to displace crisis onto others or exploit neighbors for self-interest. Instead, it aims to achieve win-win outcomes and shared development and prosperity. Under the BRI, all parties will prioritize development as the common goal, leveraging their respective resources and potential advantages, igniting their own growth engines, growing their capacity for independent development, and collectively creating more opportunities and space for development. This collaborative effort aims to foster new centers and impetus for global economic growth, drive inclusive growth, and bring global development into a balanced, coordinated and inclusive new stage.

A path to openness. The BRI represents an open and inclusive collaborative process that transcends national borders, ideological differences, developmental disparities, social system variations, and geopolitical conflicts. It is not aimed at designing a new international system, but rather supplementing and improving the existing mechanisms. All parties involved uphold the core values and fundamental principles of the multilateral trading system. Together, participants will establish an open and cooperative platform, safeguard and promote an open global economy, create an environment conducive to open development, construct a fair, equitable and transparent system of international trade and investment rules, and advance cooperation based on win-win outcomes, shared responsibility and collective participation. The BRI facilitates the orderly flow of production factors, the efficient allocation of resources, deep integration of markets, and liberalization and facilitation of trade and investment, and ensures the stable performance and smooth operation of global industrial and supply chains. It aims to build an economic globalization that is open, inclusive, balanced, and beneficial to all.

A path to innovation. Innovation serves as a critical driving force for progress. The BRI is dedicated to innovation-led development, harnessing the opportunities presented by digital, internet-based and smart development. It explores new business forms, technologies and models, seeking out fresh sources of growth and innovative development pathways to propel transformative advancements for all involved. Participants collaborate to connect digital infrastructure, build the Digital Silk Road, strengthen innovative cooperation in cutting-edge fields, and promote the deep integration of science, technology, industry and finance. These efforts aim to optimize the environment for innovation, gather innovative resources, foster a regional ecosystem of collaborative innovation, and bridge the digital divide, injecting strong momentum into common development.

A path to social progress. The BRI champions equality, mutual learning, dialogue, and inclusiveness among civilizations. It upholds the shared values of peace, development, equity, justice, democracy and freedom. It transcends barriers between cultures through exchanges, resolves conflicts through mutual understanding, and rejects superiority while promoting coexistence. It encourages civilizations to appreciate their differences, seek common ground, and learn from one another. Parties involved will establish multitiered mechanisms for people-to-people cooperation, create more platforms and channels, and facilitate exchanges across various fields. These efforts aim to reinforce mutual understanding, respect and trust among nations, broaden consensus on ideas and values, and achieve new human progress.