BUSINESS BRI an all-round opening up move: ex-minister


BRI an all-round opening up move: ex-minister

17:10, November 05, 2019

A plenary session of the sixth China Inbound-Outbound Forum was held on Nov. 4 in Beijing. (Photos: CCG)

"The Belt and Road Initiative (BRI) is a pattern of China's all-round opening up. To implement the BRI and promote more countries' participation, we must work toward a high-quality initiative, and this is our core competitiveness," according to former Vice Minister of Commerce Chen Jian.

He made these remarks at a plenary session during the sixth China Inbound-Outbound Forum in Beijing on Nov. 4. The session carried a theme of "Emerging Commercial Opportunities along the Belt and Road."

In regard to the concept of BRI's high-quality development, Chen offered an eight-point elaboration.

"There is no fixed specification or absolute standard for this idea," he explained. "Instead, this concept should remain essential for continued progress of society."

According to the former minister, a high-quality BRI should primarily serve the common interests and development goals of all participants. In addition to the promising economic returns and the high-level technological capabilities, the BRI should also give full play to environmental protection.

Speaking on the topic of investing and financing the BRI-related projects, Chen called for an upgraded and optimized structure to ensure returns.

Chen Jian, former vice minister of commerce of China, speaks at the plenary session of the sixth China Inbound-Outbound Forum on Nov. 4 in Beijing.

In addition to other aspects such as project management, shared interests, and cultural inclusiveness, he also pointed out that the essence of the BRI lay in upholding the spirit of consultation.

"The BRI is, by no means, a project or a plan. It is rather a vision, or a cooperative concept to serve as a useful complement to the existing global governance system and the international economic order.

"China will remain committed to defending the outcome of WWII and the post-war order. Meanwhile, it is open to the adjustment and improvement of the existing international order," Chen added.

Hosted by the Center for China and Globalization (CCG), the two-day event addressed the development of companies and the business environment under economic globalization.

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