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B&R News: China issues Belt and Road Big Data Report 2018
21 Sep 2018

 

China issued the Belt and Road Big Data Report 2018 at the World Economic Forum's (WEF) Annual Meeting of the New Champions, also known as the Summer Davos, on Wednesday in Tianjin.

 

The report, conducted by the State Information Centre, is based on more than 50 billion pieces of data collated from 71 countries and regions along the Belt and Road, as well as 31 domestic provinces, more than 1,000 think tanks and 2,400 media organisations.

 

According to the report, the level of cooperation between China and the countries along the Belt and Road has been increasing year on year, the index for 2018 is 47.12, which is 2.01 points and 3.57 points higher than that in 2017 and 2016 respectively. And countries involved in the most cooperation projects with China under the BRI umbrella are Russia, Kazakhstan, Pakistan, South Korea and Vietnam. Russia is ranked first for the third consecutive year.

 

In terms of policy exchanges, the top three countries are Russia, the Philippines and Cambodia.

 

When it comes to trade, the volume between China and BRI countries has increased by 13.4 percent year-on-year - 5.9 percent higher than China’s overall foreign trade growth rate.

 

Further, China established the largest number of direct flights with the Association of Southeast Asian Nations (ASEAN) in 2017, while eastern Europe and central Asia became the main destinations for Chinese railway transportation.

 

The report also said that the proportion of positive public opinion worldwide regarding the proposal had increased from 16.5 percent in 2013 to 23.7 percent by the end of 2017.

 

The BRI was first proposed by Chinese President Xi Jinping in 2013 to boost trade links and infrastructure investment among some 70 countries along the ancient Silk Road trade routes from Asia to Europe and Africa.

 

Source: GBTIMES