HOUSE_OVERSIGHT_023572.txt

The Belt and Road Forum for International Cooperation marked a significant transition in President Xi Jinping's grand vision for a new era of win-win globalization. The core idea was to structure, finance, and build critical infrastructure in developing economies as well as diversify and expand the Chinese economy which needed restructuring. The forum aimed to address global discontent with differential impacts on workers in Western countries and championed China's commitment to globalization while reversing historical trends of protectionism in the US.