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nitiative is a challenge, but achievable,” she said, adding that at the heart of this challenge lies great potenti
al for innovation and creativity, such as new disaster risk prediction and analysis, and disaster-resilient infrastructures.
Huang Runqiu, vice-minister of the Ministry of Ecology and Environment, said dis
aster risk reduction of natural hazards along the initiative is crucial for its success and sustainability.
Regions at the heart of the initiative, such as the Tianshan-Pamir Platea
u, the Himalayas, eastern parts of the Qinghai-Tibet Plateau and South Asia, are facing serio
us disaster threats due to tectonic movements, fragile ecosystems and extreme weather, he said.
Henrik Slotte, a senior disaster management expert from the UN Environm
ent Program, said poorly managed infrastructure projects can damage the ecosystem.
than 150 countries, including 37 heads of state or government, for the thre
e-day event starting on Thursday, Wang said, adding the forum, themed “Belt and Road Coop
eration: Shaping a Brighter Shared Future”, aims to bring about high-quality cooperation under the initiative.
President Xi Jinping will deliver a keynote speech at the op
ening ceremony of the forum, and chair the leaders’ round-table summit, Wang said.
Saying the BRI has delivered real benefits to participating countries, Wang stated the hats like “debt traps” cannot be put onto t
he head of the Belt and Road, and this is not something any participating country would recognize.
He added that international communities should base their understandings and comments about the BRI on the facts.
Trade volume between China and the countries participating in the B
RI has exceeded $6 trillion, the number of investment is over $80 billion and arou
nd 300,000 jobs have been created for the people from the countries involved in the initiative, Wang said.
aspects,” he said, adding that besides a growth rate withi
n a reasonable range, the economy is likely to register accelerated prog
ress toward higher-quality development this year amid a new round of reform and opening-up.
“Structural opportunities (in the capital market) may con
tinuously emerge from the development of the new economy and mass co
nsumption upgrades, fueling the long-term inflow of international capital,” he said.
IMF Managing Director Christine Lagarde sai
in a recent interview with China Central Television that China’s economic d
evelopment now allows for “a focus on quality growth”, rather than necessarily quantity growth.
“And China’s development is clearly at the stage whe
re it can afford and should afford to do that,” Lagarde said.
Over the past year, amid the escalation of US-China trade tensions, credit tighten
ing took place in China, macroeconomic stress was seen in Argentina a