Photo Afp: Rail Project and Chinese Analysts

photo afp: Photo AFP The China-proposed Belt and Road Initiative BRI has greatly boosted China's foreign trade, achieving major progress in Europe and Asia and also cushioned the negative impact brought on by the US-initiated trade war, Chinese analysts said over the weekend, according to Global Times China. Beyond foreign trade, the BRI, as a way of how China interacts with the world, offers a stark contrast to the America First approach heralded by the current US administration, the experts said. Malaysia on July 25 restarted the rail project that is part of China-proposed Belt and Road Initiative following its suspension last year. The BRI, now 6 years old, is a massive development plan aimed at promoting interconnection of infrastructure and economic and cultural exchanges between China and neighboring countries. The growth rate was 10.1 percentage points higher than the national average. Boosted by the initiative, China's western provinces have recorded fast growth in their foreign trade, with a total 12 provinces and municipalities posting a foreign trade annual growth rate of 14 percent in the first half of the year, according to a report by Chinese news site jiemian on July 29. (news.financializer.com). As reported in the news.