Yan Shaojun: High quality Belt and Road cooperation focuses on practical results

Mondo Finance Updated on 2024-02-27

**The Economic Work Conference proposed to support the implementation of the eight actions of high-quality Belt and Road cooperation, and coordinate the promotion of major landmark projects and "small but beautiful" livelihood projects. This has pointed out the path for further opening up to the outside world at a high level. Looking to the future, to deepen the Belt and Road partnership and push the Belt and Road Initiative into a new stage of high-quality development, it is necessary to improve the overall quality and efficiency and promote the high-quality Belt and Road Initiative to achieve new results.

The first is to achieve a higher level of cooperation. We have always adhered to true multilateralism and the principle of extensive consultation, joint contribution and shared benefits, and promoted the building of an open world economy. Actively build a new system of a higher-level open economy, take the initiative to benchmark international high-standard economic and trade rules, steadily expand institutional opening-up such as rules, regulations, management, and standards, and continuously optimize the layout of regional opening-up; Implement the strategy of upgrading the free pilot zone, expand the network of high-standard free zones facing the world, give full play to the pilot role of the pilot free trade zone and the free pilot port, and help the "Belt and Road" investment scale to steadily expand, the structure to the middle and high-end, and achieve a higher level of investment cooperation.

The second is to achieve higher input-output benefits. Focusing on the construction of a three-dimensional interconnection network, we will improve the comprehensive efficiency of infrastructure interconnection, further improve the standards, quality and efficiency of infrastructure construction, as well as the transparency and standardization of bidding and construction processes. The investment of overseas strategic resources should effectively serve the needs of China's high-quality development, and the investment of resources in overseas markets should adhere to the principles of enterprise subjectivity, market-oriented operation and guidance, and continuously improve indicators such as return on investment, social contribution and environmental performance. At the same time, it follows international practices and the principle of debt sustainability to ensure commercial and financial sustainability.

The third is to achieve higher supply quality. Improve the international cooperation mechanism of the Belt and Road Initiative, deepen the understanding of the Silk Road spirit and the consensus of the countries on high-quality Belt and Road cooperation; We will further strengthen the leading role of the Belt and Road cooperation plan, establish and improve the implementation coordination mechanism in a timely manner, and form a joint force to continuously deepen and expand cooperation; Strengthen the construction of multilateral cooperation platforms in various fields, and provide support for practical cooperation in various professional fields.

Fourth, we need to achieve greater resilience in development. Enhance the overall linkage and achieve sustainable growth through innovative development paths. Coordinate and promote the construction of major landmark projects and "small and beautiful" livelihood projects, take "small and beautiful" projects as a priority for cooperation, and create a number of landmark projects that are highly praised by the co-construction countries and have a strong sense of gain for the people. Deepen cooperation in green infrastructure, green energy, green transportation and other fields, and vigorously expand the space for green development cooperation. Deepen cooperation in scientific and technological innovation, and use the Digital Silk Road to empower the high-quality development of the Belt and Road Initiative. Deepen the space for people-to-people exchanges and cooperation.

In the next stage, to support the implementation of the eight actions of high-quality Belt and Road cooperation, it is necessary to achieve practical results in the following aspects.

Enhance the leadership of rules and standards. From the perspective of participating in global governance and building a community with a shared future for mankind, we will strengthen the "soft connectivity" of rules and standards, promote the Belt and Road Initiative from the current project-oriented approach to a project-oriented and rule-based approach, and prepare for the future shift to rule-based approach. Introduce a number of international rules and standards that are generally accepted by all parties, and use existing multilateral and bilateral cooperation mechanisms to accelerate the convergence and mutual recognition of rules and standards. At the same time, we will promote the application of China's rules and standards in advantageous areas such as engineering construction management, park construction, and digital development, and promote the development of the global governance system in a more fair and reasonable direction.

Build a high-level three-dimensional interconnection network. Further improve the systematization and three-dimensionality of the spatial structure of "six corridors, six routes, multiple countries and multiple ports", rely on neighboring countries, economic cooperation corridors, port systems, industrial parks and other transportation and logistics channels to build a number of landmark projects, build a new logistics channel in Eurasia supported by direct transportation by railway and highway, build a trans-Caspian international transport corridor, and build a high-level "Belt and Road" The Space Information Corridor will work together to promote the construction of cross-border terrestrial cables and submarine optical cables, and comprehensively improve the level of information and communication networks and infrastructure connectivity with the jointly built countries.

We will further promote the construction of "small but beautiful" projects. Focusing on key areas such as infrastructure construction, health, green ecology, agricultural cooperation, water conservancy, forestry and grassland development, poverty alleviation and humanitarianism, education and training, which are "visible and tangible" to the people of the co-built countries, and easy to enhance the sense of gain and happiness, we will further promote the construction of "small and beautiful" projects and give full play to the unique advantages of private enterprises and small and medium-sized enterprises in the construction of "small and beautiful" projects.

Efforts will be made to promote the construction of a healthy, green, digital and innovative Silk Road. In line with the law of world development and the general trend of the times, we will steadily carry out cooperation in new fields such as green, digital, innovation and health. Comprehensively consolidate the foundation for green development cooperation, and implement the green investment principles of the Belt and Road InitiativeAccelerate the negotiation process of joining the Digital Economy Partnership Agreement, cultivate new forms and models of cooperation in the digital field, and promote the high-quality development of the Belt and Road Initiative empowered by digital technologyWe will continue to implement the Belt and Road Science and Technology Innovation Action Plan and create a new highland for scientific and technological innovation cooperation.

Establish and improve the security risk prevention system. Adhere to the concept of common, comprehensive, cooperative and sustainable security, coordinate the maintenance of security in both traditional and non-traditional domains, and coordinate the promotion of security governance. Strengthen the sense of security community and work with co-construction countries to improve security measures. Guide enterprises to implement the main responsibility of risk prevention and control, enhance the awareness and ability of risk prevention and control, and standardize overseas business behavior.

Improve the international cooperation mechanism for the Belt and Road Initiative. Promote the orderly promotion of strengthening the docking with countries with a good foundation for cooperation and strong willingness to cooperate around their respective development strategies and cooperation plans, establish and improve coordination mechanisms for the implementation of cooperation plans in a timely manner, form more visible results, and promote common prosperity and development. Strengthen multilateral cooperation in the fields of energy, taxation, finance, green development, disaster risk reduction, and anti-corruption, and provide support for practical cooperation in various professional fields. We will support multilateral cooperation mechanisms to play a constructive role, strengthen macro policy coordination, and carry out in-depth practical cooperation on the Belt and Road Initiative.

This article**: Economy** Author: Yan Shaojun, researcher of the World Economy Research Department of the China Center for International Economic Exchanges).

*:Economy**.

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