Usher Belt and Road Cooperation Into a New Stage of High-Quality Development…

by Yang Sheng, Liu Xin, Li Xuanmin and Shen Weiduo at Global Times

Chinese President Xi Jinping on Wednesday announced eight major steps China will take to support high-quality Belt and Road cooperation in a keynote speech at the opening ceremony of the third Belt and Road Forum (BRF) for International Cooperation, with guests of the event and Chinese experts acknowledging what China and its partners worldwide have accomplished in the past decade. They’re also confident that the encouraging message and promises will start a new journey for another “golden decade.”

The opening ceremony was attended by representatives, including heads of state, government chiefs and senior officials, from over 140 countries and 30-plus international organizations, according to the Xinhua News Agency. Analysts said the grand event has showed the influence of China and the Belt and Road Initiative (BRI), and in the next 10 years, with continuous efforts by China and other members of the international community, the BRF is able to become the biggest and most important multilateral platform for global development and governance.

Experts said in the next step China will keep its investment but will diversify the source of funds by encouraging and attracting more funds from private capitals inside and outside China, to push for the internationalization of the yuan, and based on the current geopolitical situations, to reduce and avoid risks, and promote the projects based on characteristics of various regions in different continents, and make high-quality development better serve the interests of more countries and more people.

“Belt and Road cooperation, robust and fruitful in its first decade, is now full of dynamism and vitality. We must embark with drive and enthusiasm on the new journey toward another golden decade,” Xi told the guests, including state leaders and heads of international organizations, when giving a toast at the banquet held at the Great Hall of the People on Tuesday.

Encouraging message

Among the eight major steps announced by Xi,…