INDUSTRY NEWS
Building a "One Belt, One Road" to demonstrate China's determination to strengthen international cooperation
Xinhua News Agency, Beijing, April 16 (Reporter Wang Yuxiao) On the occasion of the second "One Belt, One Road" international cooperation summit forum, the international accounting firm Ernst & Young released a report on China's "Belt and Road" construction on the 16th. The relevant person in charge of Ernst & Young China stated that after five years of practice, China’s “One Belt, One Road” initiative has received positive global response and extensive participation, and has launched a series of major projects, reflecting China’s decisive action and determination to strengthen international cooperation.
The report released by Ernst & Young focused on the broad development prospects of “third-party market cooperation” under the “One Belt, One Road” initiative with the theme of “cooperation and win-win and borderless construction”.
The report shows that in the autumn of 2013, China proposed the “One Belt, One Road” initiative for more than five years, and joined hands with many countries to build the “Belt and Road” to open a new journey of “five links” for policy communication, facility connectivity, capital finance, smooth trade, and common people. . Taking policy communication as an example, in addition to developing interconnection networks with developing countries through the “Belt and Road Initiative” initiative, the “third-party market cooperation” innovation model has also attracted more developed countries to participate. In March this year, the Italian and Luxembourg governments successively Signed a Memorandum of Understanding on "One Belt, One Road" with China to further expand the "Belt and Road" circle of friends.
The ‘third-party market cooperation’ model effectively bridges China’s advantageous production capacity, advanced technologies from developed countries and the vast development needs of developing countries, achieving a three-win effect. Zhou Zhaomei, global head of Ernst & Young China's overseas investment business unit and head of the Belt and Road Initiative, said.
According to the report, under the current imbalance of world economic development, unilateralism and protectionism, and geopolitical situation, China has actively advocated "third-party market cooperation" and has become an important measure to promote the "Belt and Road" construction. Chinese companies complement each other's strengths in the country, and have broad prospects for cooperation in infrastructure, energy, environmental protection, and finance.
Zhu Yaming, head of investment and M&A services at Ernst & Young, has said that the third-party market cooperation under the framework of the “Belt and Road Initiative” should be based on commercial principles and develop on the premise of win-win cooperation, respecting market rules and maintaining A fair playing field and adherence to the principle of sustainable economic development. "We expect that the 'One Belt, One Road' third-party market cooperation will become a new driving force for deepening the economic and trade relations between China and developed countries."
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