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American Focus > Blog > Economy > China urges Beijing-backed development bank to focus more on Belt and Road Initiative
Economy

China urges Beijing-backed development bank to focus more on Belt and Road Initiative

Last updated: June 25, 2025 8:38 pm
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China urges Beijing-backed development bank to focus more on Belt and Road Initiative
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Chinese Premier Li Qiang emphasized the importance of the Asian Infrastructure Investment Bank (AIIB) supporting Beijing’s Belt and Road Initiative during his speech at the ASEAN-China-GCC Economic Forum in Kuala Lumpur. He urged the AIIB to uphold open regionalism and facilitate connections among Asian countries and beyond. Premier Li stressed the need for the AIIB to align its efforts with the Belt and Road Initiative and the Global Development Initiative, two key programs spearheaded by Beijing.

The timing of Premier Li’s remarks is significant, given the current geopolitical landscape shaped by the United States’ retreat from traditional international institutions like the World Bank and the International Monetary Fund. The Chinese Premier’s comments are seen as a strategic move to leverage the uncertainty caused by U.S. trade policies and to counterbalance efforts to steer countries away from China.

Under President Xi Jinping’s leadership, China launched the Belt and Road Initiative in 2013 as a means to enhance its global influence through infrastructure development projects connecting Asia, Europe, and Africa. While the initiative has been criticized for burdening developing nations with high debt and primarily benefiting Chinese companies, it remains a cornerstone of China’s foreign policy. In 2021, President Xi introduced the Global Development Initiative to align with the UN’s Sustainable Development Goals, further expanding China’s reach in global development efforts.

The AIIB, which recently announced Zou Jiayi as its incoming president, plays a crucial role in financing infrastructure projects in developing countries. With over $60 billion in approved financing since its establishment in 2016, the AIIB has become a significant player in global development. Indonesia, a key member of the AIIB, highlighted its collaboration with the bank on various projects, underscoring the institution’s growing influence and impact on development initiatives worldwide.

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While the U.S. is not a member of the AIIB, several Western countries like the U.K., France, and Germany are part of the China-led institution. The AIIB’s emphasis on sustainable development and infrastructure financing aligns with the global development agenda, attracting diverse members from different regions.

In a separate event, Premier Li addressed global business leaders at the World Economic Forum’s China conference in Tianjin, urging collaboration and emphasizing the importance of economic engagement over political or security concerns. By reshaping international rules and order through economic cooperation, China seeks to foster a more inclusive and interconnected global economy.

Overall, Premier Li’s speeches and engagements underscore China’s commitment to promoting regional connectivity, infrastructure development, and sustainable growth through platforms like the AIIB and the Belt and Road Initiative. As China continues to assert its influence on the global stage, partnerships with international institutions and collaboration with other countries will be key drivers of its development agenda. The Impact of Technology on Education

In today’s digital age, technology has become an integral part of our daily lives, including in the field of education. From online learning platforms to interactive whiteboards, technology has revolutionized the way students learn and teachers teach. The impact of technology on education has been both positive and transformative, with many benefits for both students and educators.

One of the key benefits of technology in education is the ability to personalize learning experiences for students. With the use of online learning platforms and adaptive software, teachers can tailor lessons to meet the individual needs and learning styles of each student. This personalized approach to education can help students learn at their own pace and in a way that works best for them, leading to improved academic performance and engagement in the classroom.

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Technology has also made learning more interactive and engaging for students. With the use of interactive whiteboards, tablets, and other digital tools, teachers can create dynamic and immersive learning experiences that capture students’ attention and keep them engaged. This hands-on approach to learning can help students better understand and retain information, leading to improved academic outcomes.

Furthermore, technology has made education more accessible and inclusive for students of all backgrounds. With online learning platforms and virtual classrooms, students can access educational resources and opportunities from anywhere in the world, regardless of their geographical location or socioeconomic status. This has opened up new possibilities for students who may not have had access to quality education otherwise, helping to bridge the digital divide and promote equity in education.

In addition, technology has also made it easier for teachers to collaborate and share resources with one another. With the use of online forums, social media, and other digital platforms, teachers can connect with one another, share lesson plans and best practices, and collaborate on professional development opportunities. This sense of community and collaboration among educators can help improve teaching practices and promote continuous learning and growth in the field of education.

While the impact of technology on education has been overwhelmingly positive, there are also some challenges and considerations to keep in mind. For example, there is a concern about the potential for technology to replace traditional teaching methods and diminish the role of teachers in the classroom. It is important for educators to strike a balance between leveraging technology to enhance learning experiences and maintaining the human connection and expertise that teachers bring to the classroom.

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Overall, the impact of technology on education has been transformative, with many benefits for students and educators alike. By leveraging technology to personalize learning experiences, make learning more interactive and engaging, and promote accessibility and inclusivity in education, we can create a more dynamic and effective learning environment for all students. As technology continues to evolve and shape the field of education, it is important for educators to embrace innovation and continue to explore new ways to enhance teaching and learning experiences for students.

TAGGED:BankBeijingbackedBeltChinaDevelopmentFocusInitiativeRoadurges
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