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Experts: Patient Capital Should Be Cultivated To Support The "Belt And Road" Project In A Long Time

Experts: Patient Capital Should Be Cultivated To Support The "Belt And Road" Project In A Long Time

Experts: Patient Capital Should Be Cultivated To Support The "Belt And Road" Project In A Long Time

Experts: Patient capital to support the "Belt and Road" project in the long term, Maritime Silk Road, Belt and Road Science and Technology, Silk Road Economic Belt

The Belt and Road Investment and Financing Diversified Guarantee Mechanism_The Belt and Road International Cooperation Project_The Belt and Road International Seminar

China Economic Reporter Suo Hanxue reported in Beijing

"We should consider further improving the diversified guarantee mechanism for investment and financing of the Belt and Road, and cultivating patient capital to support the Belt and Road projects in the long term." Recently, at a special seminar on jointly building the Belt and Road, a person from the International Economic Department of the Ministry of Foreign Affairs said.

The person also said that we focus on the international cooperation of the "Belt and Road" of China's neighboring countries, and through friendly investment and investment in friendly countries, we will accelerate the construction of major interconnection projects, build a high-level three-dimensional interconnection network, and promote the deep integration of the industrial chain and supply chain with neighboring countries.

The above-mentioned person quoted statistics from relevant departments and currently, there are more than 400,000 overseas employees of Chinese companies. He said: "These people should become positive forces in jointly building the Belt and Road Initiative, and should also become an important part of friendly people, friendly families and friendly communities to China."

In September and October 2013, General Secretary Xi Jinping successively proposed major initiatives to build the Silk Road Economic Belt and the 21st Century Maritime Silk Road in Kazakhstan and Indonesia, opening the great journey of jointly building the "Belt and Road". In July 2024, the Third Plenary Session of the 20th Central Committee of the Communist Party of China was successfully held, and new arrangements were made to improve the mechanism for jointly building the "Belt and Road" with high quality, sending a strong signal to the world that China will unswervingly hold high the banner of reform and opening up. In December of the same year, General Secretary Xi Jinping attended the fourth symposium on the construction of the "Belt and Road" and delivered an important speech, making comprehensive arrangements for promoting the high-quality development of the joint construction of the "Belt and Road".

Data from the National Development and Reform Commission shows that over the past 12 years, the scope of cooperation in jointly building the "Belt and Road" has been expanded to more than 150 countries and more than 30 international organizations on five continents around the world, becoming the world's largest, most extensive and most influential international economic cooperation platform. From 2013 to 2024, the total import and export volume of China and the countries jointly built by the "Belt and Road" reached US$26 trillion, the cumulative two-way investment exceeded US$500 billion, and the completion turnover of contracted projects exceeded US$1.6 trillion, effectively promoting inclusive and inclusive economic globalization. In the first half of this year, the proportion of countries jointly built by the "Belt and Road" accounted for a record 51.8% of my country's total import and export volume.

For countries jointly built by the "Belt and Road", local economic and social development has been greatly promoted.

A person from the Ministry of Commerce said: "From the situation of contracting projects in these countries, we have built a large number of landmark projects such as the China-Laos Railway, the Jakarta-Bandung High-speed Railway, the Mombasa-Nairobi Railway, and the Qiankai Port of Peru, and also assisted in the construction of a large number of infrastructure projects, accelerating the industrialization process of the 'Belt and Road' co-construction country."

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