Fredin China is a weekly podcast to know and understand the world’s largest economy hosted by Fred Raillard. Fred fell in love with China, and lives in Shanghai since September 2012.
Thanks to Zhuomin Qin, Feng Huang, Jalila Levesque, Jules Chaffiotte, Radouane Guissi, Yi Zhang, Ying Zhang, Aliou Maro, Tina Liu, Louis Caudevilla, Dushan Karageorgevitch, Jing Qian, Jonathan Roy, Maxime Aubanel and Antoine Robin for their participation to this chronic.
China’s One Belt, One Road connecting China to the world
The HotTopic this week is ‘One Belt One Road’, and the strategy around this initiative. The topic generated 840 million media impressions and 187 thousand discussions.
On May 14th, the ‘belt and road meaning’ Forum was held in Beijing which starts an international economic partnership. 1500 leaders were assembled from 130 countries and met in Beijing for a special summit. There were of course representatives from the USA, North Korea, South Korea, and most other countries in the world. Chinese President Xi Jinping opened the summit with a speech on this economic cooperation project spearheaded by China.
The project aims to bring China closer together with all her neighboring countries all the way to Europe, much like the Silk Road used to do. As well as this symbolic Silk Road, there is also a maritime route from China going to South East Asia, India and Europe. The idea is to develop economic ties between China and all these countries. Beijing announced that they would invest 150 billion per year on the various infrastructures needed to reinforce and consolidate this road, as well as bringing China closer to each of the cooperating countries.
This is great news, and goes hand in hand with Xi Jinping’s declarations in Davos about being a defender of free trade and creating strong links between China and other neighboring countries.
All in all, this is a very strong economic act, with political and symbolic ramifications that was very well received on Chinese social media, since it shows that China is opening itself up to the world. If you remember, Xi Jinping had also announced ‘Let’s go West’, and this goes in the same direction and strategy of developing closer ties with the world.