Hard and soft connections
China DailySONG CHEN/CHINA DAILY China should continue to develop cross-border economic corridors, advance the institutional development of the BRI and improve the all-around support systems Over the past decade, China's economic growth pattern has changed profoundly, from pursuing sheer quantity to balancing quantity and quality. To deliver on this goal, building cross-border economic corridors and the Belt and Road Initiative cooperation mechanism can provide new momentum, with the new development pattern serving as the guiding framework and all-around support system to ensure high-quality development of opening-up. This will not only enhance the resilience of China's economic circulation and high-level opening-up, but also lay the foundation for new technology progress to drive the value chains and supply chains along the corridors. By introducing rules and systems to facilitate trade and investment and free trade zone agreements, trade rules can be integrated, policies of countries along the corridors coordinated, and market and resource reallocation promoted, so as to drive the integration and innovation of regional value chains, which is crucial for promoting the virtuous cycle for an open economy.
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