ABSTRACT
The Belt and Road Initiative is in itself a ground-breaking effort and a testament to the spirit of innovation. Building on the historical achievement of the Ancient Silk Routes, the Belt and Road Initiative takes on new implications from the trend of our time. The Belt and Road Initiative is a new type of cooperation model that embraces the principle of seeking benefits through consultation and collaboration. The Belt and Road Initiative has explored new ways to strengthen financing mechanism and has introduced many new systems, platforms and norms. To support the initiative financially, besides the existing policy-based financial institutions, China has set up the Silk Road Fund and made full use of some newly established platforms such as the Asian Infrastructure Investment Bank and the BRICS New Development Bank. China will set up a big data service platform on ecological and environmental protection.
