Zhejiang Facilitates the BRI

Post Time: 2020-07-13

According to the 7th Plenary Session of the 14th Session of the Zhejiang Provincial Party Committee, every department should study and implement President Xi Jinping’s speech from his inspection in Zhejiang, making Zhejiang Province an important showcase demonstrating the superiority of the system of Socialism with Chinese Characteristics for a New Era. Thirteen national-level goals with the characteristics of Zhejiang are expected to be accomplished, among which the goal of “becoming an important node province along the Belt and Road to support high-level opening up” will be a landmark achievement. The Zhejiang Provincial Development and Reform Commission introduced the steps of achieving this goal in brief.

To promote the digital transformation along the BRI, the government should stimulate the digital economy; strengthen cooperation with European countries in the field of digital technology; accelerate the construction of the Electronic World Trade Platform (eWTP) and explore new models, rules, and standards for digital trade; promote the joint development of cross-border e-commerce comprehensive pilot zones around Zhejiang to build a new trade center featuring digital trade; set up a financial Cloud service platform to promote fintech applications—such as mobile payment—in the countries along the Belt and Road; and set up a digital port to interconnect new infrastructure such as big data, industrial Internet, and 5G networks. 

To improve logistics quality along the BRI, the government will improve Zhoushan Port of Ningbo to a world-class level, coordinate the coastal port resources to form a high-level integrated operating system; develop high-end shipping services such as shipping finance and insurance, international maritime affairs, and trade transactions; promote the construction of the Yiwu-Ningbo-Zhoushan Corridor to develop infrastructures towards the east coast and the Yangtze River Economic Belt in the west; improve the operation level of the China Railway Express and expand the layout of its overseas mail distribution centers; and build a global aviation network and global postal network.

To offer convenience for Zhejiang businessmen who trade along the BRI, the government should accelerate the construction of new-type trade centers and national-level trade demonstration zones; create a world supermarket for imported goods to deal with spillover from the China International Import Expo; further promote the innovation and development of the China (Zhejiang) Pilot Free Trade Zone; promote the growth of Yiwu as a comprehensive reform pilot zone for international trade and innovate procurement methods; guide private enterprises to carry out overseas investment; and cultivate multinational companies.

To improve the industrial chains along the BRI, the government should support the local companies in building a global industrial chain based on advanced technology, well-known brands, diverse resources, efficient logistics, and large-scale operations; focus on the agglomeration of foreign capital, and introduce a number of important foreign investment projects; jointly set up international innovation chains, international cooperation zones for technological innovation, overseas innovation incubation bases, etc.; and promote international cooperation in technology markets, intellectual property rights, and standards.

To strengthen cultural communication along the BRI, the government should increase cultural exchanges; enhance cooperation in culture, tourism, and exhibition; build cultural exchange platforms such as the Sino-African Cultural Cooperation Demonstration Area in Jinhua; and carry out cultural exchange activities with countries and regions along the BRI.

To develop healthcare industries along the BRI, the government should strengthen cooperation in new areas with other countries during the pandemic; carry out international cooperation in the fight against epidemics according to national diplomatic strategies, and strengthen international cooperation in the field of public health such as developing collaborative prevention and control as well as emergency response; set up healthcare facilities through joint ventures and cooperation to promote traditional Chinese medicine; mobilize medical teams on foreign aid missions; carry out international cooperation in healthcare industries, set up international bases for health services, and introduce a number of multinational pharmaceutical giants and innovative companies. (Translated by Wei Han, edited by Kendra Fiddler)

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