China open to adjustment of B&R projects based on countries’ needs: analysts



BEIJING, Sept 14 (APP):China is open to adjustment of projects under the Belt and Road (B&R) initiative based on the interests of different countries, but China’s cooperation with other countries via the initiative will undoubtedly continue in the future, experts and officials said.
“It’s normal and understandable that development focus can change at different stages in different countries, especially with changes in government. So China can also make some strategic adjustments when cooperating with these countries, but it’s definitely not a reconsideration of the B&R initiative,” Wang Jun, deputy director of the Department of Information at the China Center for International Economic Exchanges, told the Global Times.
China’s Ministry of Foreign Affairs has also stressed on various occasions that further cooperation plans under the B&R initiative will continue in the future and all the adjustments are based on friendly consultation between different sides.
The Wall Street Journal said that Pakistan wanted China to establish more factories and poverty-alleviation initiatives instead of just big infrastructure programs.
Wang noted that Pakistan’s demands are within the cooperation scope of the B&R initiative and China has experience in areas such as the manufacturing sector and the establishment of industrial parks.
However, Chen Fengying, a research fellow at the China Institutes of Contemporary International Relations in Beijing opined that development of the manufacturing sector cannot be achieved without a strong infrastructure base, which China has been pushing in the past few years.
“The initiative has undoubtedly benefited countries, especially developing countries and has laid a solid infrastructure base for their future economic development,” Chen said.
Zhou Rong, a senior research fellow at the Chongyang Institute for Financial Studies at Renmin University of China, forecast that China might help build more hospitals and schools in Pakistan to help the country’s poverty-reduction efforts. “We could help Pakistan through building a complete industrial chain to make it more competitive in the global production chain,” Zhou noted.
“The two sides have agreed that the CPEC cooperation will gradually shift to industrial cooperation,” said Wang Yi, China’s foreign minister, during his visit to Pakistan last week.