China News Service, Xi’an, September 12 (Reporter Wang Enbo) Huang Qifan, academic consultant of the China Financial Forty Forum and vice chairman of the China Center for International Economic Exchange, stated in Xi’an on the 12th that the “Belt and Road” initiative should pay attention to the succession of the “five links”. Order and focus, "It is not necessary to build roads and bridges as soon as they come up."

　　Huang Qifan said this at the Qujiang Forum for the Forty People in China's Finance held that day.

He said that China's current "dual cycle" new development pattern is an inevitable choice for deeper reforms, higher levels of openness, and higher-quality development, and the "Belt and Road" construction deeply reflects this characteristic connotation.

　　Huang Qifan said that in the past few years, China has been sharing the dividends of reform and opening up with countries along the route through the establishment of a "Belt and Road" cooperation platform, and has formed a relationship of complementary advantages and exchanges at the market level.

China’s internal economic cycle has begun to integrate with the markets of countries along the “Belt and Road”. “In other words, to unswervingly build the “Belt and Road” is to realize the mutual promotion of domestic and international dual cycles.”

　　Talking about how to advance the construction of the “Belt and Road” under the “dual cycle” structure, Huang Qifan mentioned that when promoting the “five links”, it is necessary to pay attention to the order and focus.

　　Taking the China-Europe Railway Express as an example, he pointed out that through effective "policy communication", all parties have realized "interconnection" of existing facilities and promoted "unimpeded trade."

This also inspires people that the construction of the “Belt and Road” does not necessarily involve building roads and bridges, and engaging in large-scale “asset-heavy” investments; to tap the stock of existing facilities, first promote trade connectivity through policy communication and people-to-people bonds. May play the role of existing facilities, channels, and networks.

　　Huang Qifan also suggested that the internationalization of the renminbi should be accelerated in the construction of the “Belt and Road” initiative.

　　He said that as of the end of 2019, China had signed local currency swap agreements with 21 countries along the “Belt and Road” and established RMB settlement mechanism arrangements in 8 countries along the “Belt and Road”.

In the future, on the basis of further expanding RMB swap and clearing arrangements with countries and regions along the Belt and Road, it is necessary to promote relevant trade and investment to be priced, received and paid, settled, and reserve in RMB as much as possible, and accelerate the internationalization of RMB in the expansion of use.

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