'Trade initiatives helping globalization'

The introduction of the Belt and Road Initiative has become China's very own blueprint for globalization, according to a study from the European Union Chamber of Commerce in China.

The strategy is very much in line with China's intention of embracing global economic trends, the chamber said in its 15th annual European Business in China position paper, and will also greatly benefit the Eurasian region as whole.

It said China had been swiftly and resolutely moving ahead with its development agenda, including the Belt and Road, and by expanding its overland trade with the EU, the economic plans could profoundly shape the future of the global trading system.