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Oxford University launches program on Belt and Road initiative

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Updated: 12:35 GMT, Sep 14, 2017 | Published: 12:12 GMT, Sep 14, 2017 |
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The University of Oxford on Wednesday launched a program on the “Belt and Road” Initiative as it held a two-day summit on the initiative bringing in scholars and experts from around the world to discuss their concerns.

Guests from the university, UN organizations and World Forum on China Studies among others exchanged views on the initiative in terms of law, trade and investment, economic activities, cultural heritage and policy-making.

Michael O.K. Yeoh from Malaysia, co-founder and CEO of Asian Strategy and Leadership Institute, said the implementation of the “Belt and Road” initiative can change the international economic structure as it links China with more than 60 countries to not only benefit 70 percent of the world’s population, but also make a significant contribution to the world’s GDP.

Mr. Yeoh said the Southeast Asia will benefit a lot from the initiative, because of the increased activities between China and Southeast Asia; and that China is investing a lot in infrastructure projects in Southeast Asia in building roads, harbors, ports and railways.

“We’ve seen many of the China’s big e-commerce companies, Alibaba, Tencent all playing a very major role in the 10 countries of southeast Asia; and China is the biggest trading partner of all the other countries in southeast Asia. I think the Belt and Road will also benefit the countries in the central Asia, republics, the Eurasian Union,” said Yeoh.

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