Con­sul­ta­tion, Con­tri­bu­tion and Shared Ben­e­fits Fur­ther Stim­u­late Belt and Road Ini­tia­tive

China's Foreign Trade (English) - - Special Report -

The Belt and Road Ini­tia­tive is en­ter­ing its fifth year in 2018. Since the very be­gin­ning, China has adopted the idea of con­sul­ta­tion, con­tri­bu­tion and shared ben­e­fits for the Belt and Road Ini­tia­tive, and has been in­sist­ing on ad­vanc­ing the Ini­tia­tive through co­op­er­a­tion, mu­tual de­vel­op­ment, shar­ing, and mu­tual re­spect. China pro­motes the Ini­tia­tive on the premise of re­spect­ing the will of co­op­er­at­ing coun­tries and seek­ing op­por­tu­ni­ties for co­op­er­a­tion and co-con­struc­tion. For ex­am­ple, in terms of co­op­er­a­tion in in­fra­struc­ture, China has never tried to force co­op­er­at­ing coun­tries to ac­cept Chi­nese tech­ni­cal stan­dards or rec­om­mended tech­ni­cal so­lu­tions, nor has it de­lib­er­ately in­sti­gated an in­crease in debts of the co­op­er­at­ing coun­tries. On the ba­sis of their will­ing­ness, China pro­vides the co­op­er­at­ing coun­tries with pro­posed tech­ni­cal so­lu­tions and in­vest­ment and fi­nanc­ing co­op­er­a­tion projects that match the ac­tual de­vel­op­ment level of lo­cal com­mu­ni­ties, and pro­motes the im­ple­men­ta­tion of co­op­er­a­tion projects with the co­op­er­at­ing coun­tries, con­tribut­ing the ex­pe­ri­ence of China and Chi­nese pro­grams.

As the Belt and Road Ini­tia­tive de­vel­ops, it has al­ready made progress in its five vi­sions of pol­icy com­mu­ni­ca­tion, in­fra­struc­ture con­nec­tiv­ity, trade link, cap­i­tal flow, and un­der­stand­ing among peo­ples, with more and more coun­tries, in­ter­na­tional or­ga­ni­za­tions and en­ter­prises join­ing in. Ac­cord­ing to the lat­est HSBC sur­vey on trade prospects, the neg­a­tive im­pact of ris­ing trade pro­tec­tion­ism has caused con­cerns among en­ter­prises glob­ally. How­ever, in gen­eral, the mar­ket re­mains op­ti­mistic about the fu­ture due to the im­prov­ing eco­nomic en­vi­ron­ment, grow­ing con­sumer de­mand and the ex­cit­ing in­no­va­tions in tech­nol­ogy and sci­ence. The eco­nomic and trade poli­cies of these ma­jor economies are of great con­cern to global com­pa­nies, among which the Belt and Road Ini­tia­tive has gar­nered the high­est recog­ni­tion. A sur­vey has shown that, of the more than 6,000 in­ter­na­tional com­pa­nies in the 26 mar­kets cov­ered by the sur­vey, most (40% of the re­spon­dent en­ter­prises) be­lieve that the Belt and Road Ini­tia­tive by China will have a greater pos­i­tive in­flu­ence on en­ter­prises around the world in next two years than any other pol­icy or pro­posal in the ma­jor economies, such as ASEAN, the EU, the Mid­dle East, Latin Amer­ica, China, the United King­dom, and the United States, fol­lowed by the ASEAN 2025 Mas­ter Plan (37%) and EU Pol­icy (35%).

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