China has made considerable progress in terms of facilitating high-quality development in the Belt and Road Initiative over the past decade, with over three-quarters of the countries and major international organizations joining the initiative, according to the country's top economic regulator.

Liang Linchong, deputy director of the Department of Regional Opening-up at the National Development and Reform Commission, said the BRI has become a popular platform offering international public goods, playing a positive role in promoting health, green and digital construction of the Silk Road and fostering new growth points for the world economy.

"The initiative has contributed to the prosperity of the world economy," he told a forum on Tuesday during the 14th Annual Meeting of the New Champions, also known as the Summer Davos Forum. The event, themed "Entrepreneurship: The Driving Force of the Global Economy", is running from Tuesday through Thursday in Tianjin in North China.

For instance, China and countries involved in the BRI have built economic and trade cooperation zones, creating more than 400,000 jobs for local people. 

Under the framework of the BRI, China and countries involved in the BRI have built a wide range of infrastructure projects and projects key to local people's livelihood such as hospitals and schools, which not only promote economic growth and generate jobs but also improve the local people's livelihood.

To further facilitate the high-quality development of the Belt and Road Initiative, he said China will work with related countries to further deepen the interconnection by focusing on infrastructure projects; further expanding institutional opening-up; continuously enhancing the standardization cooperation in the field of financing, trade, energy, digitalization and agriculture; and build more livelihood projects. 

Source: China Daily