BRI created 420,000 jobs, lifted 40 million people out of poverty: Chinese FM Qin Gang

[etylo]

BRI created 420,000 jobs, lifted 40 million people out of poverty: Chinese FM Qin Gang​

March 9, 2023




During a press conference on the sidelines of the first session of the 14th National People’s Congress, Chinese Foreign Minister Qin Gang announced that the Belt and Road Initiative (BRI) has mobilized approximately $1 trillion in funding, initiated more than 3,000 collaborative projects, generated over 420,000 employment opportunities, and alleviated poverty for 40 million individuals in the past decade. Qin also mentioned that the BRI has engaged the participation of over three-quarters of the world’s countries and 32 international organizations.

ISLAMABAD: In the past decade, the Belt and Road Initiative (BRI) has galvanized nearly $1 trillion, launched over 3,000 cooperation projects, created over 420,000 jobs, and lifted 40 million people out of poverty, Chinese Foreign Minister Qin Gang said here at a press conference on the sidelines of the first session of the 14th National People’s Congress.

He said that the Belt and Road Initiative has attracted the participation of over three-fourths of countries in the world and 32 international organizations.
“Ten years after its inception, BRI has created an array of national landmarks, livelihood projects, and milestones of cooperation”, he said according to Gwadar Pro.

“The China-Laos Railway helps make land-locked Laos a land-linked country. Luban Workshops help young people in over 20 countries acquire vocational skills.

The China-Europe Railway Express has completed more than 65,000 freight services, serving as a health train delivering medical supplies during the pandemic”, he further specified.

This year, China will host the Third Belt and Road Forum for International Cooperation. “We will take this as an opportunity and work with relevant parties for more fruitful outcomes from the Belt and Road cooperation”, he highlighted.

Responding to a question on the so-called “debt trap”, Qin said, “China should be the last one to be accused of the so-called debt trap.

Data show that multi-lateral financial institutions and commercial creditors account for more than 80 percent of the sovereign debt of developing countries. They are the biggest source of debt burden on developing countries.

Particularly last year, the unprecedented rapid interest rate hikes by the US have led to massive capital outflows in many countries and worsened the debt problems in the countries concerned”.

He told the audience that China has been making efforts to help the countries in distress, and is the biggest contributor to G20’s Debt Service Suspension Initiative (DSSI).

“China will continue to participate constructively in the resolution of international debt issues,” he added.

“Meanwhile, we call on other parties to act together and share the burden fairly. When parties sit together and talk things through, there will be more solutions than problems”, he added.

BRI created 420,000 jobs, lifted 40 million people out of poverty: Chinese FM Qin Gang - China Pakistan Economic Corridor

BRI created 420,000 jobs, lifted 40 million people out of poverty: Chinese FM Qin Gang

cpecinfo.com

Indian fool @Acharya Chanakya, what are you laughing at ? Bitter sour grape eh.

Yes, the thread was put up esp to debunk you Indian fools baseless accusation that BRI is nothing but a Chinese debt trap.

 

[SoulSpokesman]

@etylo

It has worked very well for Lanka and Pakistan. Chanakya bhai is laughing because he is happy for his neighbours.

Regards

 

[etylo]

BRI created 420,000 jobs, lifted 40 million people out of poverty: Chinese FM Qin Gang​

March 9, 2023




During a press conference on the sidelines of the first session of the 14th National People’s Congress, Chinese Foreign Minister Qin Gang announced that the Belt and Road Initiative (BRI) has mobilized approximately $1 trillion in funding, initiated more than 3,000 collaborative projects, generated over 420,000 employment opportunities, and alleviated poverty for 40 million individuals in the past decade. Qin also mentioned that the BRI has engaged the participation of over three-quarters of the world’s countries and 32 international organizations.

ISLAMABAD: In the past decade, the Belt and Road Initiative (BRI) has galvanized nearly $1 trillion, launched over 3,000 cooperation projects, created over 420,000 jobs, and lifted 40 million people out of poverty, Chinese Foreign Minister Qin Gang said here at a press conference on the sidelines of the first session of the 14th National People’s Congress.

He said that the Belt and Road Initiative has attracted the participation of over three-fourths of countries in the world and 32 international organizations.
“Ten years after its inception, BRI has created an array of national landmarks, livelihood projects, and milestones of cooperation”, he said according to Gwadar Pro.

“The China-Laos Railway helps make land-locked Laos a land-linked country. Luban Workshops help young people in over 20 countries acquire vocational skills.

The China-Europe Railway Express has completed more than 65,000 freight services, serving as a health train delivering medical supplies during the pandemic”, he further specified.

This year, China will host the Third Belt and Road Forum for International Cooperation. “We will take this as an opportunity and work with relevant parties for more fruitful outcomes from the Belt and Road cooperation”, he highlighted.

Responding to a question on the so-called “debt trap”, Qin said, “China should be the last one to be accused of the so-called debt trap.

Data show that multi-lateral financial institutions and commercial creditors account for more than 80 percent of the sovereign debt of developing countries. They are the biggest source of debt burden on developing countries.

Particularly last year, the unprecedented rapid interest rate hikes by the US have led to massive capital outflows in many countries and worsened the debt problems in the countries concerned”.

He told the audience that China has been making efforts to help the countries in distress, and is the biggest contributor to G20’s Debt Service Suspension Initiative (DSSI).

“China will continue to participate constructively in the resolution of international debt issues,” he added.

“Meanwhile, we call on other parties to act together and share the burden fairly. When parties sit together and talk things through, there will be more solutions than problems”, he added.

BRI created 420,000 jobs, lifted 40 million people out of poverty: Chinese FM Qin Gang - China Pakistan Economic Corridor

BRI created 420,000 jobs, lifted 40 million people out of poverty: Chinese FM Qin Gang

cpecinfo.com

@etylo

It has worked very well for Lanka and Pakistan. Chanakya bhai is laughing because he is happy for his neighbours.

Regards

SL economic crisis has nothing to do with Chinese loans as proved many times, its only you Indian fools sturbbornly blame SL and Pakistan economic problems on China, SLers and Paks themselves dont think that way. We know the purpose of your such slandering of China well.

 

[ali1808]

the real question is which people is he talking about
jobs created for chinese people or the people where projects are there
lifted chinese people out of poverty or the people where projects are there

i am ready to believe it for the chinese people but not the latter one

 

[etylo]

the real question is which people is he talking about
jobs created for chinese people or the people where projects are there
lifted chinese people out of poverty or the people where projects are there

i am ready to believe it for the chinese people but not the latter one

He didn't say explicitly. It might be for both foreigners and Chinese involved in the projects. All the BRI projects are carried out in countries outside China. There are only small number of Chinese mangers, experienced engineers and technicians involved in BRI projects, most BRI projects workers are hired locally. Also, with all the local supporting agencies on the BRI project, I wouldn't be surprised if a large number of those lifted out poverty are indeed local people outside China. Also, the trade in goods between China and the BRI countries has doubled to 2.1 trillion US dollars over the past decade mainly due to BRI projects, so it must also has created many jobs in those countries and therefore lifting many people out of poverty.

It would be ridiculous for the Chinese FM to speak in front of panels of foreign reporters about these facts if all the jobs created and people lifted out poverty are indeed Chinese only, your argument is just laughable.