NEWS

The co-construction of the "Belt and Road" will not only benefit the world, but also bring major economic opportunities to my country's development. The first is to build new opportunities for a compound foreign economy and provide a huge space for compound foreign economic development; the second is industrial development and transformation and upgrading. New opportunities to expand the scale of domestic industry demand and promote the transformation and upgrading of domestic industries; third, new opportunities to accelerate the internationalization of the RMB, which significantly promote the internationalization of the RMB.

The "Belt and Road" initiative proposed by China in
has received great attention from the international community and has now entered a stage of pragmatic advancement. The joint construction of "Belt and Road Initiative" will not only benefit the whole world, but also bring great opportunities for China's development, especially economic opportunities.

is a new opportunity to build a composite foreign economy. Most of the countries along the "Belt and Road" are emerging economies and developing countries. Economic development is generally on the rise. The total population and economic output account for 63% and 29% of the world's total respectively. The current development scale and future potential are quite large. With the construction of "Belt and Road Initiative", the economic exchanges between China and the countries along the route are not only reflected in foreign trade and foreign investment, but also in-depth cooperation and co-construction in many fields other than trade and investment. The co-construction of "the belt and road initiative" will provide China with unprecedented space for the development of compound foreign economy.

more and deeper cooperation is undoubtedly a prominent highlight of the "the belt and road initiative" co-construction. Countries along the route focus on policy communication, facility connectivity, unimpeded trade, financing, and people-to-people bonds, and strengthen cooperation in many aspects: government cooperation, industrial cooperation, energy cooperation, customs cooperation, investment cooperation, financial cooperation, talent cooperation, and technology Cooperation, tourism cooperation, cultural media cooperation, non-governmental organization cooperation, etc. All factors and fields that can promote economic construction, cultural prosperity, environmental protection, and social development of countries along the route can be cooperated and jointly built. This all-round and multi-level new compound foreign economic relations are of great significance to our country and even all participating countries.

The second
is a new opportunity for industrial development and transformation and upgrading. The huge product demand, investment demand and economic cooperation formed by the joint construction of the "Belt and Road" will have a significant and far-reaching impact on the development of domestic industries, which is embodied in the two aspects of "quantity" and "quality". Expanding the scale of domestic industry demand, and in terms of "quality", will promote the transformation and upgrading of domestic industries.

"Belt and Road Initiative" co-construction will provide a large-scale market space for domestic industries, and can significantly promote the development of transportation facilities manufacturing, production equipment and supporting manufacturing, raw material manufacturing, energy infrastructure manufacturing, communications, information technology, environmental protection, biology, new energy, new materials and other emerging industries and high-tech industries. At the same time, it will also promote the transformation and upgrading of domestic industries and promote the cultivation of new national competitive advantages in China. On the one hand, the construction of countries along the route not only values the technical content of construction, but also values the environmental protection standards of construction, emphasizing green low-carbon construction and operation management; on the other hand, the construction and economic development of countries along the route require the support and cooperation of emerging industries and high-tech industries. These two aspects of the transformation and upgrading of the domestic industry not only form a driving force but also bring pressure.

three is a new opportunity to accelerate the process of RMB internationalization. The joint construction of "the belt and road initiative" will usher in a rare golden period for RMB internationalization and accelerate the process of internationalization.