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March 2018

Yu Jianlong

In March 2018 IDR Group Member Yu Jianlong, Secretary-General of China Chamber of International Commerce (CCOIC), informed a press conference that a Belt and Road trade and investment forum would held in Beijing on April 12 and was expected to attract more than 600 participants from 70 Belt and Road countries and regions. The forum would be jointly held by the World Chambers Federation, China Council for the Promotion of International Trade and CCOIC, and would cover topics including investment opportunities along the Belt and Road, trade and e-commerce, infrastructure construction and enhancing connectivity, as well as risk prevention and dispute settlement.

The Belt and Road Initiative (BRI)- geographically structured along several land corridors and the maritime silk road- is a development strategy proposed by the Chinese government which focuses on cooperation between Eurasian countries, the land-based Silk Road Economic Belt and the ocean-going Maritime Silk Road.

In the event, over 700 business representatives, scholars and government officials met in Beijing to brainstorm on how to enhance cooperation in infrastructure and trade investment. At the forum, Chinese businesses were encouraged to bring e-commerce, big data, cloud computing, and artificial intelligence services to countries along the BRI trading routes to help them develop a digital economy.