Belt and Road injects new impetus into the world economy

Pera Capasiotaki, a Greek expert on international issues, recently said in an interview with the Economic Daily that the Belt and Road Initiative has been launched for nearly ten years, which has brought practical development opportunities to all countries in the world. The report of the 20th National Congress of the Communist Party of China clearly pointed out that it is necessary to promote the high-quality development of the joint construction of the Belt and Road Initiative, which shows China's willingness and commitment to work with the international community to continue to promote high-quality cooperation on the Belt and Road Initiative, build an open and shared world, and make new contributions to the common development of all countries in the world. The victorious convening of the 20th National Congress of the Communist Party of China will improve and upgrade this "project of the century" for the benefit of all countries, and inject new impetus into dealing with common challenges of mankind in the post-epidemic era.

Pera said that the recent Belt and Road cooperation has achieved milestones. In the first three quarters of 2022, China-Europe trains had a total of 12,000 trains, and a total of more than 20,000 China-Europe trains in the western land and sea new channel sea. The contribution of the Belt and Road Initiative to the EU economy has also been recognized by all parties. As the EU Senior Foreign and Security Policy Representative Borelli said a few days ago, Chinese goods play a more and greater role in controlling inflation than all central banks around the world combined.

The construction of the Belt and Road Initiative provides cooperation opportunities for health care, green development, digital industry, scientific and technological innovation, etc. China will play an important role in international cooperation in the fight against the COVID-19 epidemic, supporting the green and low-carbon development of developing countries, promoting silk road e-commerce cooperation, and creating an open, fair and non-discriminatory environment for scientific and technological progress. With practical actions, China shows that it will continue to work with the international community to promote the high-quality co-construction of the Belt and Road Initiative, strive to achieve a higher level of cooperation, higher input efficiency, higher supply quality and higher development resilience, and turn the Belt and Road Initiative into a "development belt" that benefits the world and benefits people of all countries.

Pera said that the important feature of the Belt and Road cooperation in the new era is the continuous deepening of digital economic cooperation with countries and regions along the route. The Digital Silk Road will play a leading role in the high-quality co-construction of the Belt and Road Initiative, providing new business opportunities and injecting new impetus into relevant countries and regions. From 2017 to 2021, the scale of China's digital economy increased from 27 trillion yuan to more than 45 trillion yuan, ranking second in the world, with an annual compound growth rate of 13.6%; the proportion of digital economy in GDP has increased from 33% to 39.8%. In recent years, China's digital technology innovation ability has rapidly improved. Emerging technologies such as artificial intelligence, cloud computing, big data, blockchain, quantum information have become the world's first echelon, promoting cooperation between China and relevant countries on the Belt and Road Initiative in these cutting-edge fields, and will promote the construction of big data, cloud computing, smart cities and other fields. Develop vigorously. So far, China has signed memorandums of understanding on "Digital Silk Road" cooperation with 17 countries and established a bilateral cooperation mechanism for "Silk Road E-commerce" with 23 countries.

China's determination to continue to increase its opening up to the outside world is unwavering. For example, China's negative list of foreign investment access has been gradually reduced, restrictions on foreign investment access have been continuously relaxed, the Foreign Investment Law and implementation regulations have been implemented, the pre-admission national treatment plus negative list management system has been fully implemented for foreign investment, the promotion of foreign investment has been strengthened, the legitimate rights and interests of foreign investment have been protected, and the foreign investment environment has been optimized. In addition, the Communist Party of China continues to implement an incentive policy to expand the middle-income group, with the goal of reaching 800 million by 2035, bringing huge development opportunities and huge markets to global manufacturers and exporters focusing on the Chinese market, and will continue to attract more large multinational enterprises to invest in China. To gain the initiative of the Chinese market.

Pera praised the Communist Party of China for successfully leading the Chinese people to achieve their first centennial goal and eradicate absolute poverty. Today's China is not only a model and pioneer of global poverty reduction, but also an advocate and participant in global poverty reduction cooperation. One of the effective ways for China to make an important contribution to global poverty reduction is to promote the development of poor areas through the Belt and Road Initiative. The World Bank expects to jointly build the Belt and Road Initiative by 2030 to help 7.6 million people around the world out of extreme poverty and 32 million people out of moderate poverty. In addition, President Xi Jinping stood at the height of the well-being of all mankind and put forward the "Global Development Initiative", with the goal of building a global development community, adhering to the concepts of development first and people-centered, and promoting the accelerated implementation of the United Nations sustainable development agenda for 2030. At a time when mankind faces unique challenges, this initiative is more important than ever.

Pera said that with the continuous profound changes in the international situation and the many common challenges facing mankind, the international community must seek stronger political mutual trust, more cooperation mechanisms and better interconnection. As the world's second largest economy and the largest manufacturing power, China firmly promotes the high-quality development and expansion of the Belt and Road Initiative and opening up to the outside world, brings confidence and strength to global development, and provides Chinese concepts, Chinese wisdom and China's solutions for building a community with a shared future for mankind and improving global governance.