China’s economic diplomacy pursues...

From page 14 the full and high-quality implementation of the Regional Comprehensive Economic Partnership, so as to make the world’s biggest free trade agreement release more dividends.

At present, China is actively advancing its accession to high-standard economic and trade agreements such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and the Digital Economy Partnership Agreement, which fully demonstrates the confidence of China’s economic diplomacy.

China is also joining hands with relevant parties to advance high-quality Belt and Road cooperation.

So far, China has signed over 200 BRI cooperation documents with 151 countries and 32 international organizations. A large batch of flagship projects have been put into use or are under construction, such as China-Laos Railway, Piraeus Port, Mombasa-Nairobi Standard Gauge Railway, Addis Ababa–Djibouti Railway, Belgrade-Budapest Railway,

China-Belarus Industrial Park and Jakarta-Bandung HighSpeed Railway.

China is to consider holding the third Belt and Road Forum for International Cooperation this year, so as to inject new impetus into global development and prosperity.

China is actively pushing for closer international cooperation in development.

In 2021, the country proposed the Global Development Initiative (GDI). Aiming at building a global community of development, the GDI puts development first and the people at the center.

It advances practical cooperation in key areas including poverty alleviation, food security, COVID-19 response and vaccines, development financing, climate change and green development, industrialization, digital economy and connectivity.

The GDI puts development high on the global macro policy agenda, strengthens policy coordination among major economies, and ensures policy continuity, consistency and sustainability. Besides, it fosters global de- velopment partnerships that are more equal and balanced, forges greater synergy among multilateral development cooperation processes, and speeds up the implementation of the UN 2030 Agenda for Sustainable Development.

More than 100 countries and many international organizations including the UN have voiced support for the initiative, and nearly 70 countries have joined the Group of Friends of the GDI.

China’s economic diplomacy always puts safeguarding the stable and smooth flow of global industrial and supply chains in a very important position and adheres to the right course of economic globalization.

It strives to promote the liberalization and facilitation of trade and investment, advance bilateral, regional, and multilateral cooperation, and boost international macroeconomic policy coordination.

It will surely make greater contributions to fostering an international environment conducive to development and creating new drivers for global growth. (People’s Daily)