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New progress in China's cooperation with B&R countries

  The Belt and Road Initiative (BRI), proposed by China in 2013, has seen fruitful results amid high-quality development. The following are the latest key facts and figures on the development of the BRI.

  China pledges the joint building of the Belt and Road (B&R) with high quality, pushing cooperation on major projects in an orderly manner, according to the latest government work report. The country also vows to promote the high-quality development of the B&R during the 14th Five-Year Plan (2021-2025) period.

  In the first quarter of 2021, China's trade of goods with countries along the B&R rose 21.4 percent year on year to reach 2.5 trillion yuan (about 383.24 billion U.S. dollars), accounting for 29.5 percent of China's total foreign trade. China has imported 1.09 trillion yuan of goods from B&R countries during the period, up 13.2 percent year on year.

  China's non-financial direct investment in countries along the B&R reached 4.42 billion dollars in Q1, up 5.2 percent year on year. Investment from countries along the B&R to China rose 64.6 percent year on year to 3.25 billion dollars in Q1.

  In terms of foreign contracted projects, China has signed new contracts worth 31.34 billion dollars in countries along the B&R in Q1.