The Belt and Road Forum for International Cooperation opened on May 14, where Xi Jinping, president of the People’s Republic of China, gave an opening speech.
The following day, a high level meeting of heads of state chaired by Xi was held. The meeting will be attended by United Nations Secretary General Antonio Guterres, World Bank President Jim Yong Kim and heads of 29 countries.
At the same time as the high-level meeting, six separate meetings are being held in which, eight sectors of basic infrastructure, industrial investment, cooperation in economy and trade, energy and natural resources, financial cooperation, people to people connectivity, environmental protection and maritime cooperation are included.
The Chinese government’s One Belt, One Road (OBOR) had been endorsed by 56 countries and regional organisations by signing memorandums of understanding and agreements with China. Furthermore an initial investment of US$ 40 billion is made to implement One Belt, One Road.
The opening ceremony was attended by Russian President Vladimir Putin, Italian Prime Minister Paolo Gentiloni and managing director of the International Monetary Fund Christine Lagarde while heads of Asean countries Vietnam, Indonesia, Cambodia, Malaysia and Philippines, Europe and east-Europe countries of Greece and Belarus as well as Pakistan, Sri Lanka, South Korea and Ethiopia are attending the forum.
This is State Counsellor Aung San Suu Kyi's second trip to China since her National League for Democracy (NLD) took power in April 2016.
While attending the forum, Suu Kyi met separately with prime ministers from Switzerland, Sri Lanka, Poland and Mongolia.
She and her entourage also participated discussions on topics such as policy synergy for closer partnership, closer people-to-people bonds, and cooperation for interconnected developments.
Located on the routes of the Silk Road Economic Belt and the 21st Century Maritime Silk Road, Myanmar is key partner of China under the Belt and Road Initiative, which envisions trade and infrastructure networks connecting Asia with Europe and Africa along ancient trade routes over land and sea.
Translated by May Aung Shwe