Beijing, October 10 (Reporter Zhang Su) "With the acceleration of global digital industrialization and industrial digitalization, the direction of infrastructure investment in the 'Belt and Road' initiative is gradually changing from traditional to new infrastructure represented by digitalization. A recently released report made this observation and pointed out that the joint construction of the "Belt and Road" will be more vigorous and dynamic.

This year marks the 10th anniversary of the Belt and Road Initiative, and KPMG China has published the Belt and Road Practice and Observation Report to provide reference for Chinese enterprises that are investing or planning to carry out investment operations.

The report believes that in the future, the focus of "hard connectivity" will be on building a new infrastructure system based on modern digital technology, which will help Belt and Road countries better integrate into global supply chains, industrial chains and value chains, and share trade connectivity and opportunities.

Specifically, when jointly building new infrastructure in "Belt and Road" countries, on the one hand, they should vigorously exploit the huge potential of emerging technologies such as the Internet of Things, industrial Internet, and blockchain, activate the potential of data elements, and promote economic transformation and upgrading; On the other hand, we should give full play to the advantages of digital empowerment and promote the integration of the digital economy and the real economy.

The report suggests that two types of enterprises can be considered when selecting partners for BRI countries: first, enterprises with local influence and rich operational experience; Second, enterprises that have established long-term and good relationships with relevant government regulatory departments and high-level government officials who actively promote the development of related industries.

The report also systematically sorts out the risk matters and practical guidelines that enterprises need to pay attention to when carrying out business related to the "Belt and Road" from the aspects of quantitative risk management, emphasis on ESG (environmental, social and corporate governance) to establish sustainable competitive advantage, digital transformation, strengthening tax compliance, and optimizing investment and financing solutions.

"In the past 10 years, the joint construction of the Belt and Road has moved from a Chinese initiative to an international practice, and has transformed from ideas to concrete actions. It not only provides Chinese enterprises with broad market space, service space and investment space, but also brings tangible benefits to relevant countries, and contributes Chinese strength to promoting the healthy development of economic globalization, improving the global governance system, and promoting the construction of a community with a shared future for mankind. Honson To, Chairman of KPMG Asia Pacific and China, said.

According to reports, this report puts forward the concept of "Belt and Road" full life cycle service, and shows the confidence of relevant parties in jointly building the "Belt and Road" initiative. "In the process of 'going global', Chinese enterprises have accelerated the implementation of industrial transformation, improved quality and efficiency, increased the added value of products and services, and gradually enhanced the brand image of Chinese enterprises." Liqin Jiang, Head of Client and Practice Development, KPMG China, says they will continue to help Chinese companies address challenges, seize business opportunities and achieve business growth under the Belt and Road Initiative. (End)