Beijing, 10 Oct (ZXS) -- Where is China's "Eight Actions" to jointly build the "Belt and Road" with high quality?

China News Agency reporter Chen Shu

Jointly building the "Belt and Road" has entered a new decade, how to build the "Belt and Road" with higher quality? At the opening ceremony of the Third Belt and Road Forum for International Cooperation in Beijing on October 10, China announced its support for the eight actions of the high-quality joint construction of the "Belt and Road", leading the joint construction of the "Belt and Road" to a new level of high-quality development.

On October 10, the opening ceremony of the third Belt and Road Forum for International Cooperation was held in Beijing. The picture shows delegates communicating before the opening ceremony. Photo by China News Agency reporter Han Haidan

-- Charting a new path for joint construction

The eight actions include building a three-dimensional connectivity network of the Belt and Road, supporting the construction of an open world economy, carrying out pragmatic cooperation, promoting green development, promoting scientific and technological innovation, supporting people-to-people exchanges, building a clean road, and improving the international cooperation mechanism of the Belt and Road.

Zhang Jiadong, director and professor of the South Asian Research Center of Fudan University, said in an interview with China News Agency that these eight actions cover all aspects of international economic and trade cooperation, put forward higher requirements for the high-quality construction of the "Belt and Road", and promote the upgrading of the "Belt and Road".

In 2019, China proposed high-quality joint construction of the "Belt and Road" for the first time, aiming to promote the in-depth development of the "Belt and Road".

Zhang Jiadong said that high-quality joint construction is to upgrade the "Belt and Road" model, which in the past was mainly infrastructure investment. Infrastructure investment is the foundation, but not the goal, the purpose is to promote economic development, people-to-people exchanges and produce the benefits of world economic growth. After laying the foundation, it is necessary to build buildings and put up various furniture to promote the "Belt and Road" towards in-depth cooperation and substantive cooperation. "The eight high-quality joint construction actions clearly put forward the future development direction of the 'Belt and Road' construction."

Xie Lunyu, a professor at the School of Applied Economics of Chinese Minmin University, said that the eight actions concretize the path of high-quality joint construction, which is conducive to further promoting the implementation of high-quality joint construction tasks and the achievement of goals.

An element installation of the 3rd Belt and Road Forum for International Cooperation on the streets of Beijing. Photo by China News Agency reporter Zhao Wenyu

– Focusing on new cooperation mechanisms

Strengthening openness and mutually beneficial cooperation is the meaning of the "Belt and Road", and the eight actions further emphasize the importance of connectivity and strengthening cooperation, and propose to build a three-dimensional connectivity network of the "Belt and Road", support the construction of an open world economy, carry out pragmatic cooperation, and put forward a number of specific projects and financial support policies.

Zhang Jiadong said that the "Belt and Road" initiative will emphasize more mutually beneficial cooperation in the future, and only by forming two-way interaction can more sustainable cooperation be achieved. The eight actions also further put forward support for the construction of an open world economy, and also used the "Belt and Road" to convey a positive signal of China's opening up and strengthening international cooperation.

In order to promote mutually beneficial cooperation in the joint construction of the "Belt and Road", the eight actions proposed to improve the "Belt and Road" international cooperation mechanism, saying that China will work with the "Belt and Road" countries to strengthen the construction of multilateral cooperation platforms in the fields of energy, taxation, finance, green development, disaster reduction, anti-corruption, think tanks, media, and culture.

Zhang Jiadong said that in the past, the joint construction of the "Belt and Road" was mainly linked by bilateral cooperation, and the eight actions specifically proposed to improve the "Belt and Road" international cooperation mechanism, providing an institutional guarantee for the construction of the "Belt and Road" with higher quality.

Wang Xiaosong, a researcher at the National Institute of Development and Strategy of Chinese University and a professor at the School of Economics, said that building more and more effective working mechanisms with the joint construction of countries can improve the level of cooperation in the production and supply chain, promote policy communication and docking, integrate the industrial chain between China and the joint construction country, and ensure the stability and smoothness of the industrial chain and supply chain.

-- Highlighting orientation to new development

Experts pointed out that the eight actions focus on the future development of the "Belt and Road" construction, and rearrange in green development, scientific and technological innovation, promotion of marketization, and integrity.

Zhang Jiadong said that a higher quality "Belt and Road" must be market-oriented, the main body is more diversified, and in the direction of market economy, the "Belt and Road" can go deeper.

The eight actions specifically propose that the China Development Bank and the Export-Import Bank of China will each set up a financing window of 3500 billion yuan, and the Silk Road Fund will add 800 billion yuan to support the joint construction of the "Belt and Road" projects in a market-oriented and commercial manner.

In terms of sustainable construction, the eight actions focus on green and technology. Xie Lunyu said that the eight actions cover all aspects of the 17 sustainable development goals of the United Nations. Through interconnection and pragmatic cooperation, with innovation as productivity and green as the background, we will promote the joint construction of the "Belt and Road" in the direction of sustainable development. (End)