As a symbol of multilateralism, the Belt and Road Initiative aims to promote policy coordination, facilities connectivity, unimpeded trade, financial integration and people-to-people bonds in the international community.

SFC journalist had a special dialogue with Danny Quah, Dean and Li Ka Shing Professor in Economics, Lee Kuan Yew School of Public Policy, National University of Singapore. He shared his insights on the Belt and Road Initiative.

SFC Markets and Finance: Do you expect there will be more cooperation under the Belt and Road Initiative?

Danny Quah: I think of the Belt and Road Initiative as a minilateral arrangement. Ideally, the whole world comes together in a multilateral type of our platform, but multilateralism is becoming more and more difficult to maintain. Different parts of the world feel that they are no longer benefiting as much as they used to from the multilateral system. We can let these detractors end up stopping all progress, stopping all collaboration. Or we can build alternative systems. The Belt and Road Initiative is one such alternative. It's a minilateral, rather than multilateral arrangement. What is important is that minilateral arrangements remain open to the possibility that they can bring in more. They can include more participants. Minilateralism should not be closed. It should be open to an enlargement that eventually moves us in the direction back towards multilateralism.

The BRI has been a successful minilateral project, and it will, as long as the need remains, continue to grow and continue to build on that success.

策划:于晓娜

监制:施诗

制作:蔡于恬

新媒体统筹:丁青云 曾婷芳 赖禧 曾昭发

海外运营监制: 黄燕淑

海外运营内容统筹: 黄子豪

海外运营编辑:庄欢 吴婉婕 龙李华 张伟韬

出品:南方财经全媒体集团

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