Report: BRI Trade Jumps
Trade between China and countries participating in the Belt and Road Initiative (BRI) has increased by 13.4% year-on-year, according to the official Belt and Road Data Report 2018.
Released at the World Economic Forum (WEF) Annual Meeting of the New Champions, also known as the Summer Davos, in Tianjin, China the report details how the BRI is affecting China’s trade relations, particularly with developing economies.
The report, written by China’s State Information Centre, is based on 50 billion pieces of data collected from 71 countries and regions along the BRI.
It shows that the countries with the most BRI cooperation projects are Russia, Kazakhstan, Pakistan, South Kore and Vietnam.
In terms of policy exchanges alone, the top three countries are Russia, the Philippines and Cambodia.
China’s trading with BRI countries is 5.9% higher than it is with countries outside it, according to the report.
It also said public opinion towards the BRI has increased from 16.5% after its initial proposal in 2013, to 23.7% to 2017.