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A five-pronged approach March 16, 2018

A five-pronged approach

In his speech at Kazakhstan’s Nazarbayev University on September 7, 2013, President Xi Jinping proposed building a new Silk Road Economic Belt by promoting policy coordination, road connectivity, unimpeded trade, currency convertibility, and strengthened people-to-people ties. At the Boao Forum for Asia on March 28, 2015, the Chinese government issued a white paper entitled Joining Hands to Build a Silk Road Economic Belt and a 21st-Century Maritime Silk Road – Vision and Actions. This document also calls for policy coordination, infrastructure connectivity, unimpeded trade, financial integration, and strengthened people-to-people ties (a five-pronged approach), so as to build a community of shared interests and responsibility and with a shared future on the basis of mutual trust, economic integration and cultural inclusiveness. While the five components of this approach are distinct from one another and will have a shifting focus at different stages in building the Belt and Road, they form an integrated whole, and are inseparable and mutually reinforcing.