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MNI BRIEF: Belt And Road Entering New Phase - Expert

MNI (Beijing)

China's belt and road initiative is entering a new phase of high-quality development with a focus on green transition and digitalization, according to Ren Hong Bing Chairman of the China Council For Promotion of International Trade.

Speaking at the Belt and Road forum in Beijing on Tuesday, Ren said China wants to establish new platforms to expand global trade and commerce whilst keep debt risks under control. In the next phase, authorities will provide more financing support for low carbon projects and help SME firms achieve sustainable development.

International economic cooperation has been high on the agenda for China recently, with the resumption of regular economic China-U.S. dialogue showing both countries want to avoid a costly decoupling, policy advisors recently told MNI. (See: MNI: Tariff Cuts Hard, Despite Refreshed China-U.S. Dialogue - Bonds & Currency News | Market News)

MNI Beijing Bureau |
MNI Beijing Bureau |

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