Collaborative Modernization
-- The Essence of “the Belt and Road Initiative”

By Ke Yinbin
0 Comment(s)Print E-mail China.org.cn, October 28, 2015
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General principles

Wide consultation, joint contribution and shared benefits

The principle of joint contribution:

The B&R Initiativeisin line with the purposes and principles of the UN Charter.

It is open for cooperation.

It stands for harmony and inclusiveness.

It follows market operation.

It seeks mutual benefit.

Contributors

Countries involved in the B&R Initiative are based on, but not limited to those along the ancient Silk Road. All countries, as well as international and regional organizations, are welcome to participate, so achievements made through joint contribution will benefit wider areas.

Contents

The B&R Initiativeis aimed at promoting the orderly and free flow of economic factors, highly efficient allocation of resources and deep integration of markets; encouraging countries along the route to achieve coordination of economic policies and carry out broader and more in-depth regional cooperation of higher standard; and jointly creating an open, inclusive and balanced regional economic cooperation structure benefitting all.

The B&R Initiative aims to promote the connectivity of countries on the Asian, European and African continents and their adjacent seas, establish and strengthen partnerships among the countries along the route, set up all-dimensional, multi-tiered and composite connectivity networks, and realize diversified, independent, balanced and sustainable development in these countries.

The "Belt and Road" run through the continents of Asia, Europe and Africa, connecting the vibrant East Asia economic circle at one end and the developed European economic circle at the other, and encompassing countries with huge potential for economic development. The Silk Road Economic Belt focuses on bringing together China, Central Asia, Russia and Europe (the Baltic); linking China with the Persian Gulf and the Mediterranean Sea through Central and West Asia; and connecting China with Southeast Asia, South Asia and the Indian Ocean. The 21st-Century Maritime Silk Road is designed to go from China's coast to Europe through the South China Sea and the Indian Ocean in one route, and from China's coast through the South China Sea to the South Pacific in the other.

On land, the initiative will focus on jointly building a new Eurasian Land Bridge and developing China-Mongolia-Russia, China-Central Asia-West Asia and China-Indochina Peninsula economic corridors by taking advantage of international transport routes, relying on core cities along the route and using key economic industrial parks as cooperation platforms. At sea, the initiative will focus on jointly building smooth, secure and efficient transport routes connecting major sea ports along the way. The China-Pakistan Economic Corridor and the Bangladesh-China-India-Myanmar Economic Corridor are closely related to the B&R Initiative, and therefore require closer cooperation and greater progress.

The mainstream of the B&R Initiative is economic cooperation and people-to-people cultural exchanges; priority is given to the connectivity and trade and investment facilitation. (Wang Yi)

Cooperation priorities

Countries along the "Belt and Road" have their own resource advantages and their economies are mutually complementary. Therefore, there is a great potential and space for cooperation. They should promote policy coordination, facilities connectivity, unimpeded trade, financial integration and people-to-people bonds as their five major goals, and strengthen cooperation in the following key areas: Enhancing policy coordination as an important guarantee for implementing the initiative; facilities connectivity as a priority in implementing the initiative; investment and trade cooperation as a major task in building the "Belt and Road;" financial integration as an important underpinning for the initiative; people-to-people bonds that provide public support for implementing the initiative.

Major measures

Efforts should be made to integrate the development strategies of the countries along the "Belt and Road."

China will take full advantage of the existing bilateral and multilateral cooperation mechanisms to push forward the building of the "Belt and Road" and to further promote regional cooperation. First, we should strengthen bilateral cooperation, and promote comprehensive development of bilateral relations through multi-level and multi-channel communications and consultation. Second, we should enhance the role of multilateral cooperation mechanisms. Third, we should continue to encourage the constructive role of some platforms including international forums and exhibitions at regional and sub-regional levels hosted by countries along the route.

The joint development of the "Belt and Road" should mainly be conducted through policy communication and coordination of objectives. It is a pluralistic and open process of cooperation which can be highly flexible and does not seek conformity.

The joint development of the "Belt and Road" should be conducted step by step through equal consultation. (Wang Yi)

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