Interconnection

The scale continues to grow, and it is timeinvestin the Belt and Road Initiative

Seetao 2022-06-29 16:25
  • In the first five months of 2022, China invested US$8.19 billion in the Belt and Road Initiative, a year-on-year increase of 10.2%
  • Chinese provinces and cities continue to deepen the Belt and Road investment cooperation
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The investment was 8.19 billion US dollars, an increase of 10.2%, accounting for 18.4% of China's total foreign investment... In the first five months of 2022, China's investment report card in countries along the Belt and Road is dazzling. Since 2022, factors such as the Russian-Ukrainian conflict and the new crown pneumonia epidemic have affected global cross-border investment. However, with the joint efforts of all parties, the Belt and Road economic and trade cooperation has overcome difficulties and continued to deepen and solidify, and China's investment and cooperation with countries along the Belt and Road has achieved steady growth.

Investment scale growth

According to data released by the Ministry of Commerce recently, in the first five months of 2022, China’s non-financial direct investment in countries along the Belt and Road was US$8.19 billion, a year-on-year increase of 10.2%, accounting for 18.4% of China’s total foreign investment during the same period, an increase of 1.2% over the same period in 2021. percent. During the same period, the turnover of China's contracted projects in countries along the Belt and Road was US$28.55 billion, and the value of newly signed contracts was US$38.0 billion, accounting for 53.4% and 48.2% of the total, respectively.

Wang Shiye, associate researcher of the Institute of Foreign Investment and Cooperation of the Ministry of Commerce, said in an interview with a reporter from the International Business Daily that global cross-border investment will rebound sharply in 2021, but this momentum will not continue in 2022, due to the conflict between Russia and Ukraine, etc. Affected by many factors, cross-border capital flows are facing greater downward pressure. "In this context, in the first five months, China's investment along the Belt and Road has achieved a year-on-year growth of 10.2%, indicating that China's cooperation with countries along the route has become increasingly close, and the Belt and Road has become an important area for the stable development of China's foreign investment and cooperation.

Many provinces and cities in China are constantly promoting the deepening of Belt and Road investment cooperation. According to reports, in the first quarter of 2022, Qingdao enterprises added 6 new investment projects along the Belt and Road, and the Chinese side's agreed investment amounted to 6.35 million US dollars; the Chinese side's actual investment amounted to 173 million US dollars, a year-on-year increase of 2274.9%. Qingdao enterprises contracted 3 new projects along the Belt and Road, with a contract value of US$605 million, accounting for 46.9% of the total in the same period, a year-on-year increase of 241.3%; the completed turnover was US$658 million, accounting for 90.6% of the total in the same period, a year-on-year increase of 13% .

Since the joint construction of the Belt and Road Initiative, investment cooperation between China and countries along the route has been continuously strengthened. Data show that from 2013 to 2021, China's direct investment in countries along the route totaled US$161.3 billion. During the same period, China's newly signed contracts in countries along the route totaled about 1.08 trillion US dollars, and completed a turnover of 728.6 billion US dollars, covering transportation, electricity and other fields. A number of major cooperation projects have been completed, the entire China-Laos railway line has been put into operation, the Hungary-Serbia railway is advancing in an orderly manner, and the port of Piraeus is operating well. A number of "small but beautiful" agricultural, medical, and poverty reduction projects have been launched one after another, bringing a real sense of gain to the people of the countries along the route.

Accelerate to high-quality development

The plenary meeting of the leading group for promoting the construction of the Belt and Road held in February 2022 emphasized that it is necessary to adhere to the principle of extensive consultation, joint contribution and shared benefits, aiming at high standards, sustainability, and people's livelihood, focusing on key countries, key regions, key areas, Key projects, pay close attention to various work tasks. Risk prevention and control should be the top priority, establish and improve systems and mechanisms, strengthen dynamic monitoring of major projects and risk pre-research and pre-judgment, and weave a dense network of risk prevention and control. It is necessary to steadily and steadily do a good job in project construction, build high-quality landmark projects, pay more attention to people's livelihood projects, and enhance the sense of gain of the people who jointly build the country.

Investment cooperation is an important part of the joint construction of the Belt and Road. How to continue to promote its high-quality development? Wang Shiye suggested that, first, pay attention to the differentiated national conditions of countries along the route and adhere to "one country, one policy". Although most of the countries along the Belt and Road are developing countries and share some commonalities, there are still big differences in terms of industrial base, location conditions, resource endowments, culture and religion. Therefore, we should not only take the Belt and Road routes as a whole, but also strengthen the in-depth research and investigation of different countries, and determine the cooperation areas and cooperation models in a targeted manner according to the differences in the national conditions of each country.

The second is to adhere to the combination of enterprise main body and policy guidance. On the basis of giving full play to the role of policy support and guidance, we must adhere to the principle of enterprise main body and the market, carry out economic and trade cooperation in accordance with market rules, and stimulate the endogenous power of cooperation projects. The third is to adhere to sustainable development. From project planning and design to construction and subsequent operations, it is necessary to ensure that the economic interests of enterprises are unified with local social interests and ecological and environmental protection, properly handle the relationship with various stakeholders, and promote relevant cooperation. continue.

"In addition, it is necessary to coordinate the relationship between development and security, and pay attention to the risk prevention and control of Belt and Road cooperation in the current international environment. In addition to the need for government departments to further strengthen public services such as risk prevention and control, enterprises themselves should also speed up the improvement of risk prevention and control. Risk should be taken as an important decision-making indicator in the stage of site selection and planning, and risk monitoring should be done at all times in subsequent operations, and a sound risk response plan should be formulated.” Wang Shiye reminded.Editor/XuNing

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