Beijing, May 14 (IANS) Chinese President Xi Jinping on Sunday said the Belt and Road Initiative should be an open one that will achieve both economic growth and balanced development.
"We should build an open platform of cooperation and uphold and grow an open world economy," Xi said while delivering a keynote speech at the opening of the two-day Belt and Road Forum for International Cooperation in Beijing.
He compared a country's opening up to the "struggle of a chrysalis breaking free from its cocoon", which has short-term pains but creates a new life, Xinhua reported.
"We should jointly create an environment that will facilitate opening up and development, establish a fair, equitable and transparent system of international trade and investment rules and boost the orderly flow of production factors, efficient resources allocation and full market integration," he said.
China welcomes efforts made by other countries to grow open economies, participate in global governance and provide public goods, he said.
"Together we can build a broad community of shared interests," he said.
Xi also called for upholding the multilateral trading regime, advancing free trade areas and promoting liberalization and facilitation of trade and investment.
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.
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