“Policy coordination”

Policy coordination is key to effective implementation of the Belt and Road Initiative. In order to expand shared interests, enhance mutual trust, and build consensus on further cooperation, it is important for countries along the Belt and Road to seek common ground while shelving differences, and increase intergovernmental communication on macroeconomic policy and development strategies so as to better align their national priorities with regional planning needs and common goals. Cooperation related issues and challenges should be dealt with through consultation, and policy support is needed to promote a pragmatic approach to implementing large-scale projects. Joint efforts have to be made to harmonize strategies, decision-making processes, policies and rules, so as to build a stronger community with a shared future.