The BRI is founded on the principles of extensive consultation, joint contribution, and shared benefits. It advocates win-win cooperation in pursuit of the greater good and shared interests. It emphasizes that all countries are equal participants, contributors and beneficiaries, and encourages economic integration, interconnected development, and the sharing of achievements. The recently released white paper by China state council information office states that the principle of extensive consultation signifies that the BRI is not a solo endeavor by China, but a collaborative effort involving all stakeholders. This principle promotes and activates authentic multilateralism, encouraging collective decision-making while fully respecting the varying levels of development, economic structures, legal systems, and cultural traditions of different nations. It emphasizes equal participation, effective communication, collective wisdom, freedom from any political or economic preconditions, and voluntary engagement to foster maximum consensus.

Irrespective of size, strength and wealth, all countries participate on an equal footing and can provide opinions and proposals in bilateral and multilateral cooperation, stated white paper Under this principle, economies at different stages of development will reinforce bilateral or multilateral communication, jointly identify and establish innovative cooperation mechanisms, and provide a platform for dialogue, cooperation and participation in global governance. White paper also states that the principle of joint contribution highlights that the BRI is not one of China’s international aid programs or geopolitical tool, but a collaborative effort for shared development. It aims to align with existing regional mechanisms rather than becoming their substitute and leverage complementary strengths. This principle emphasizes the participation of all parties involved, substantial coordination with the development strategies of relevant countries and regions, and the identification and utilization of their respective development potential and comparative strengths.

The objective is to collectively create new opportunities, driving forces, and development space while achieving complementary and interactive growth by capitalizing on each party’s strengths and capabilities. To promote extensive participation, this principle encourages countries and businesses to engage through various forms such as bilateral cooperation, third-party market cooperation and multilateral cooperation, thereby creating synergy for development. This principle values market forces and promotes market-oriented operations to further the interests and meet the expectations of all parties involved. In this context, businesses play a central role as the main actors, while the government’s responsibility lies in building platforms, establishing mechanisms, and providing policy guidance. China’s key role in BRI cooperation stems from its economic size, market scale, experience in infrastructure construction, capacity to produce low-cost, high-quality, high-performance equipment, and comprehensive strengths in industry, capital, technology, talent and management.

The principle of shared benefits underscores the importance of win-win cooperation. It aims to identify common interests and grounds for cooperation, meet the development needs of all parties, and address the real concerns of the people. This principle emphasizes sharing development opportunities and outcomes among all participating countries, ensuring that none of them is left behind. Most participants are developing countries, all seeking to leverage collective strengths to address challenges such as inadequate infrastructure, lagging industrial development, limited industrialization, insufficient capital and technology, and a shortage of skilled workers, to promote their own economic and social development, said white paper.

Credit: Independent News Pakistan (INP) — Pak-China