Since the outbreak of the global financial crisis in 2008, Western developed countries have long been trapped in a slow economic recovery and high levels of debt. Protectionism, populism and anti-globalization have begun to emerge, casting a shadow over world economic progress.

Breaking trade barriers, seeking a win-win situation and promoting growth are the major challenges posed for these countries. As for China, the Belt and Road Initiative paves the way for coping with these challenges through promoting economic cooperation and mutual benefit.

The Belt and Road Initiative proposes a new version of economic globalization unlike the one traditionally led by some developed countries.