Azerbaijan, a Caspian republic rich in diverse natural resources, boasts a unique geographic location at the crossroads of East and West. Stability, high international authority, a favourable investment climate, and timely investments in transportation and logistics infrastructure have enabled the country to become a regional hub and an important link in the Eurasian economic landscape.
In the realm of global development aid and financing, the emergence of the China-proposed Belt and Road Initiative has brought about significant changes, reshaping traditional practices and principles. The Belt and Road Initiative's expansive scale and rapid implementation have not only stimulated China's sustained approach to fostering economic growth in developing countries, particularly through infrastructure development, but also prompted a re-evaluation of strategies by Western economies toward a more pragmatic direction.
Xi Jinping, 'a sincere friend of Serbia' chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.