In chapter XX ofu volume IV of Xi Jinping: There Ggovernance of China, it is a question of quality development of‘initiative “ Belt and Road » (ICR). This section highlights‘emphasis on the need to‘improve the quality and sustainability of projects carried out within the framework of the‘initiative, while strengthening international cooperation and ensuring mutual benefits for participating countries. Cette announcement marks a new milestone essential to revitalize this project launched in 2013, which has demonstrated its major role for better connectivity to the‘world scale.
Xi Jinping illustrates the following postulate, although the ICR has already enabled significant progress in the construction of‘infrastructure and‘commercial expansion, it is time to move to a more sustainable and quality development model. This means favoring economically viable projects that respect the environment.‘environmentally and socially responsible. Cthis new vision can be compared has there second stage of the launch‘a rocket : after the‘efficiency, comet sustainabilitymarked by the quality. This criterion is essential to the sustainability of the project, which affects today‘today to many sectors such as the infrastructure, THE trade, there governance and THE development.
International solidarity and cooperation
The first aspect addressed is the notion of international cooperation. Lin the fight against COVID-19 a recalled painfulsowing that solitary and selfish initiatives are dedicated to‘failure. In thees international relations and health, solidarity is essential to address global challenges, such as pandemics and health crises. Cooperation between nations helps pool resources, knowledge and skills to ensure equitable access to healthcare, medicines and vaccines, like l‘showed the crisis of 2020.
Multilateralism plays a key role in providing a platform where countries can work together within‘international organizations such as‘WHO, in order to define common strategies, strengthen health systems and promote a coordinated response to global health emergencies. Cand example of health illustrated L‘idea of the Chinese president to promote a cooperation based on technological innovations, modern approaches to financing and better policy coordination between partner countries. L‘objective is of s‘ensure that projects the ICR born are not limited to large infrastructures, but bring long-term benefits for economic and social development. Cela goes through the strengthening of‘other non-traditional sectors of the New Silk Roads project, initially focused on major infrastructure.
Pfor an inclusive ICR
The meadowident Chinese evoked “ there consultation, there synergy and THE sharing » to make the‘initiative more inclusive and beneficial to the countries involved. Quality development rests on L‘integration of different economies while avoiding imbalances. L‘The aim is to create balanced partnerships, where each party derives economic and social benefits from cooperation. DIn the field of health, joint production of vaccines in Brazil, the EUnited Arab Emirates, Malaysia And in Pakistan illustrate this desire for cooperation through the new silk roads and an illustration of the‘legacy of the common fight against the virus.
According to the preChinese resident,a notion of‘inclusiveness of all partners must follow an ideal : achieve common goals in the fight against poverty And d‘improvement of human dignity. These goals translate into a better economic and commercial connectivity, there fight against poverty, L’integratedation economies to the global market, and the participation of all actors in governance under–regional, regional and global. However, to work towards the quality development of‘ICRarises‘commitment to the financial sustainability of the project which should theoretically conclude in 2049, for the 100th anniversary of New China. Therefore, The problem of managing the debt of partner countries arises. Xi Jinping stresses the need to‘avoid excessive dependence on‘debt to finance projects. It encourages more transparent and sustainable financial practices to guarantee long-term economic stability. PTo ensure the long-term viability of projects, innovative financial mechanisms are put in place, including public-private partnerships and financing on favorable terms, in order to‘avoid levels of‘excessive debt and to guarantee a shared benefit between the actors involved. The Chinese president mentions new topics such as risk control and‘improving the profitability of investments. Finally, ocan cite the process of‘cancellation, d‘relief or restructuringturation of the debt of certain partner countries. Symbol of‘intelligent management of cooperation, depending on the situation of each actor, without predation and‘adaptation of the debt repayment process according to its economic and political situation.
Le development of the ICR and the place increasing China in global diplomacy temignent of the country’s new role in global governance. As the driving force of‘initiative, China intends to play a leading role in‘establishing new standards for international cooperation, promoting a more inclusive, equitable and cooperative model of global governance. Faced with major challenges of the 21st centurye century, it is crucial d‘adopt a greener approach in the implementation of government projects‘ICR. China calls for investments in projects respectful of L‘environment, ecological management of resources, and the promotion of‘a low-carbon economy. This message is relaye during every international meeting as well as in bilateral meetings between China and partner countries of the‘ICR.
*ADRIEN MUGNIER is director of‘French Observatory of the New Silk Roads, a center for‘study and monitoring of‘Belt and Road Initiative.
