A road of prosperity | govt.chinadaily.com.cn

Prospects

A road of prosperity

Updated: Aug 21, 2019 China Daily Print

Editor's Note: China published a report elaborating on the progress, contributions and prospects of the Belt and Road Initiative (BRI) in April. The document, prepared by the office of the leading group for promoting the BRI, was released ahead of the second Belt and Road Forum for International Cooperation held from April 25 to 27 in Beijing. The following is part of the text under the theme of prospects.

Development holds the master key to solving all problems. In pursuing the Belt and Road Initiative, we should focus on the fundamental issue of development, release the growth potential of participating countries, and achieve economic integration and coordinated development to the benefit of all participants. The Belt and Road Initiative complies with the trend toward multipolarity, economic globalization, cultural diversity, and IT application, and upholds the global free trade system and an open world economy.

B&R countries have complementary strengths in market size and resources, showing great potential and broad prospects for cooperation. Fully attending to all parties' interests and concerns, B&R countries should build consensus and transform consensus into actions. By strengthening the connectivity of our development strategies, plans, platforms and projects, we will achieve more tangible results and leverage our comparative strengths in the interest of our common prosperity and development.

Belt and Road cooperation will continue to prioritize connectivity, focusing on key passageways, points, and projects. China will advance cooperation with other participating countries in the fields of roads, railways, ports, aviation, aerospace, oil and gas pipelines, power supply, and network communications, to achieve land, maritime, air and cyberspace connectivity. China will build a Belt and Road space information corridor together with other B&R countries. China will enhance mutual benefits in economic and trade cooperation, and expand bilateral and multilateral investment and trade. China will promote deeper industrial cooperation and work for the success of economic, trade and industrial cooperation zones. We will seize the opportunities created by the new industrial revolution to cultivate new driving forces and new business models to maintain the vitality of the economy. During the second Belt and Road Forum for International Cooperation, China will sign a number of key projects on industrial and investment cooperation with other B&R countries. China will establish a stable and sustainable financial service system that keeps risks under control, and create new models of investment and financing. China will also encourage closer cooperation between government and private capital, build a diverse financing system and a multitiered capital market, develop inclusive finance, and improve financial service networks.

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