March 27, 2015

"The Silk Road Economic Belt region needs a strong institution that is fully dedicated to connecting the region through the development of the region's infrastructure."

Xinhua China is going to take a leading role in emerging and developing countries, particularly in the Silk Road Economic Belt region, a British expert said in a recent interview with Xinhua. by Wu Congsi

'When talking about the Asian Infrastructure Investment Bank (AIIB), Kamel Mellahi pointed out it is a part of a comprehensive and well-integrated strategy to modernize Asia as a whole and help to build the much-needed infrastructure.

'The intention is a win-win strategy with lasting results. China would no doubt benefit a great deal from enhancing physical connectivity in Asia. At the same time, the countries and regions can make use of China's funding capacity and strong capability in the construction of transport infrastructure, Mellahi elaborated.

'That explains the strong backing of the strategy is not only from countries and regions in Asia, but also from a large number of countries and regions around the world.

'"In the long term, the strategy will not only transform the Asia Pacific region but will have a profoundly positive impact on Eurasia, the Middle East and a significant part of Africa," Mellahi noted.

'The professor emphasized that the AIIB is a complement, not a rival to the existing institutions.

'The bank is unlikely to shift the economic center of gravity of the global economy away from the West and towards the East, but it will help transform the region into a highly connected economic powerhouse, he told Xinhua.

'"The AIIB is unique and complements the existing institutions. It is going to be the driving force behind regional connectivity
. The Silk Road Economic Belt region needs a strong institution that is fully dedicated to connecting the region through the development of the region's infrastructure," said Mellahi.'

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