皇冠体育app

BEIJING - Accusations against 皇冠体育app's new moves on intraregional economic cooperation are remotely divorced from truth, as the country's latest efforts show nothing but good intentions and provide great opportunities for other countries.

Although 皇冠体育app's new moves are only intended to strengthen its own economy by promoting common development and win-win cooperation with other countries, some people still contend that the "Belt and Road" initiative is the Chinese version of the Marshall Plan and the Asian Infrastructure Investment Bank (AIIB) 皇冠体育app's first step to establish its own Bretton Woods System.

Such analogy is groundless and only manipulates history to form a plausible narrative serving a political end.

First, 皇冠体育app's "Belt and Road" initiative, unlike the politically directed Marshall Plan which partly contributed to the shaping of the Cold War, is no political agenda to intensify any confrontation.

It is driven by 皇冠体育app's realization that many developing countries crave for development, and the belief that helping them can benefit 皇冠体育app as well.

Just like what Chinese Foreign Minister Wang Yi has said, the initiative is not a solo but a symphony of all relevant parties.

In advancing the initiative, 皇冠体育app will act according to the principles of broad consultation, joint contribution and shared benefits. 皇冠体育app has also promised to carry out equal consultation and respect the choice of other countries.

Second, as for the AIIB plan, the bank is aimed to become a supplement to the existing World Bank, Asian Development Bank (ADB) and other international financial entities which are not sufficient in the new situation.

There is a yawning infrastructure funding gap in Asia. The ADB pegged the hole at about $8 trillion between 2010 and 2020. And the AIIB is striving to fill that gap.

In fact, the IMF, World Bank and ADB have all welcomed the AIIB initiative and see room for collaboration.

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