The China-proposed Belt and Road Initiative is not only an attempt to revive the historical trade route, but also a new opening-up strategy in response to changing domestic and international circumstances, said a German-based Chinese scholar Saturday.
In an interview here with Xinhua, Li Yuan, professor at the Institute of East Asian Studies of the University of Duisburg-Essen, one of the largest research centers on East Asia studies in Germany, said that China's domestic economic policy and its decisions on monetary, fiscal, and wage policies will have impacts on the rest of the world.
With this rising influence, international responsibility to share the leadership in world affairs is widely expected from China, said Li.
China has no other option than engaging in the shaping of a global governance system, and collaborate with its main partners internationally, he said.
"The Belt and Road Initiative is such a proposal from China, ambitious and aspiring, aiming to forge a platform for diversified cooperation and to realize win-win results and shared development," said Li.
