Bao Shujun The next golden decade of the Belt and Road Initiative can be expected

Mondo Finance Updated on 2024-01-28

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Since the beginning of this year, China's economy has withstood the downward pressure brought about by external risks and challenges and the intertwining of multiple domestic factors, and its growth has stabilized and rebounded. The fundamentals of China's long-term economic growth have not changed, and the prospects for development are bright.

A correct understanding of the current economic situation is the basis for us to do a solid job in economic work. At the end of the year, how do you see and do China's economy?People's Daily Online and the Political Research Office of the National Development and Reform Commission jointly launched a series of micro-interview columns called "Micro Observation of China's Economy: Expert Talks", focusing on hot issues, showing the highlights and trends of China's economy, and feeling the resilience and vitality of China's economy.

Recently, the Office of the Leading Group for Promoting the Belt and Road Initiative issued the Vision and Actions for Unswervingly Promoting the High-quality Development of the Belt and Road Initiative - Development Prospects for the Belt and Road Initiative in the Next Decade, which studies and puts forward visions, ideas and practical actions for high-quality Belt and Road cooperation in the next decade.

Next, how can the Belt and Road Initiative guide economic globalization in a more balanced and win-win direction?A few days ago, Bao Shujun, director and researcher of the International Liaison Office of the International Cooperation Center of the National Development and Reform Commission, said that the achievements of the "Belt and Road" in the past ten years can be sorted out from multiple dimensions, and the most intuitive achievements are reflected in the "five links".

In terms of policy communication, China has signed more than 230 cooperation documents on the Belt and Road Initiative with more than 150 countries and more than 30 international organizations. In terms of facility connectivity, the China-Europe Express runs through Europe and Asia, and 86 operating lines have been laid to more than 200 cities in 25 European countries. **In terms of unimpeded access, from 2013 to 2022, the total import and export volume between China and the co-construction countries has reached 19$1 trillion, with a cumulative two-way investment of more than $380 billion. In terms of financial integration, as of the end of June this year, the Asian Infrastructure Investment Bank initiated by China has raised a total of $43.6 billion. In terms of people-to-people bonds, China has built a number of "small and beautiful" livelihood projects, and has cooperated with more than 20 co-construction countries to build a number of "Luban Workshops" and so on.

Bao Shujun said that as a long-term, large-scale and systematic project, the first decade of the Belt and Road Initiative is only a prologue. In order to achieve high-quality development, we should pay more attention to the following aspects in the future, and do a good job in three overall planning:

First, it is necessary to coordinate the stock and increment, and promote high-quality development of cooperation in various fields. On the one hand, optimize the stock, on the other hand, increase the development efforts and make increments.

The hard-won achievements of the Belt and Road Initiative over the past 10 years are a strong foundation for the high-quality development of the Belt and Road Initiative. Bao Shujun stressed that we should not only pay attention to adjusting and revitalizing the stock, building and operating the stock projects, but also pay attention to improving and strengthening the incremental projects, and promote the joint construction of the "Belt and Road" to adapt to the new requirements of stronger global development, green and healthy, and steadily carry out cooperation in new fields such as green, health, digital and innovation, and cultivate new growth points for cooperation.

Second, it is necessary to coordinate the domestic and international to achieve the vision and goal of high-quality development.

The Belt and Road Initiative is a major international cooperation initiative and an important international public good. In addition, it is also the overall plan of China's opening up and foreign cooperation, and it can be said that its focus is abroad, but its roots are at home. Bao Shujun suggested that in the future, the high-quality development of the Belt and Road Initiative should make full use of the two markets and two resources, strengthen the supply of resources and technologies in the domestic cycle, and promote the high-quality development of the Belt and Road Initiative.

Third, it is necessary to coordinate the overall and key points to ensure that the cooperation projects achieve high-quality results.

With the continuous expansion of the "circle of friends" of the Belt and Road Initiative and the increasing number of overseas projects, China has successfully created a number of landmark projects.

Bao Shujun further suggested that in the future, we should continue to enhance the demonstration and leading role of these key regions, key areas and key projects, and actively promote the projects to achieve good economic benefits, so as to better promote the economic development and people's livelihood and employment of the host country. At the same time, the "small but beautiful" project will be regarded as a priority for foreign cooperation, and more cooperation results will be formed that are down-to-earth and gather people's hearts.

Editor-in-charge: Sun Hongli, Gao Lei).

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