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The "the Belt and Road" initiative conforms to the trend of world multipolarization, economic globalization, cultural diversity and social informatization, adheres to the spirit of open regional cooperation, and is committed to maintaining the global free trade system and an open world economy. The core of the "the Belt and Road" construction is the "hard connectivity" of infrastructure. The construction capacity of Chinese construction enterprises is just in time. On the one hand, the development of international trade enterprises needs to go out, and on the other hand, the "the Belt and Road" construction also needs the construction capacity and strength like China's.

Internationalization meets the development needs of Chinese construction enterprises

For a long time, China's construction industry has a huge capacity, but the internationalization rate of construction enterprises is obviously low. Under the environment of globalization of world economy and integration of international production, only through international operation, can an enterprise allocate its production resources worldwide to achieve the lowest production cost and the highest efficiency, and effectively avoid and reduce investment and operation risks, can it continue to develop its strength and remain invincible in the fierce international economic competition. Looking at many international well-known engineering giants, the reason why they can survive and develop in the cruel and fierce market is that they have formed their own core competitiveness. The practice of most successful international engineering contractors shows that their core competitiveness mainly comes from their capabilities in business integration, merger and expansion and transnational operation formed by years of international engineering contracting experience.

At present, China has entered the middle and late stage of rapid urbanization. The number of new construction projects, such as housing construction, has shrunk. The industry structure and business model are facing adjustment, transformation and upgrading. The development model has also changed from extensive development to high-quality development, from large-scale new construction to coexistence of new construction and stock upgrading. For the majority of construction enterprises, entering the international trade market is conducive to promoting the development of enterprises, making them better and stronger.

Participation in the "the Belt and Road" construction is a specific practice of building a new development pattern

At present, China is speeding up the construction of a new development pattern with domestic circulation as the main body and domestic and international double circulation promoting each other. In this context, it is of great significance to further promote the joint construction of the "the Belt and Road" and the internationalization of enterprises.

Since the 18th National Congress of the Communist Party of China, China's foreign project contracting has spread to more than 190 countries and regions around the world, most of which are countries along the "the Belt and Road". By the end of July 2022, 149 countries and 32 international organizations around the world had signed more than 200 cooperation documents on the "the Belt and Road" initiative with China, forming more than 3000 cooperation projects with an investment scale of nearly $1 trillion. From dams and bridges to ports and railways, the implementation of the "the Belt and Road" initiative has brought about the upgrading of infrastructure in countries along the line, releasing new development opportunities.

According to the data of the Ministry of Commerce, the annual trade volume between China and countries along the "the Belt and Road" has expanded from US $1.04 trillion in 2013 to US $1.8 trillion in 2021, an increase of 73%. Driven by the construction of the "the Belt and Road", China's total foreign trade in goods and services has increased from 4.4 trillion US dollars in 2012 to 6.9 trillion US dollars in 2021, ranking first in the world since 2020 and first in the world since 2013. The construction of the "the Belt and Road" has promoted trade between China and countries along the Belt and Road, promoted international production capacity cooperation, and effectively connected the domestic and international markets.

From 2013 to 2021, China's direct investment in countries along the "the Belt and Road" totaled $161.3 billion, including $43.08 billion in overseas economic and trade cooperation parks built by China's international trade enterprises in countries along the "Belt and Road". The construction of the "the Belt and Road" has promoted investment in China and countries along the Belt and Road, created a large number of jobs for countries, and effectively revitalized domestic and international resources.

While Chinese construction enterprises go out to help the construction of the "the Belt and Road", it has greatly promoted local development, cultivated a large number of local personnel, solved local labor employment, promoted international exchanges, and made more people understand China and know China.

Promote the international development of construction enterprises by participating in the construction of the "the Belt and Road"

The joint construction of the "the Belt and Road" not only promotes the construction of countries along the line, but also provides a way out for the development of domestic infrastructure capacity, brings opportunities for the development of Chinese enterprises, and provides broader development space for Chinese international trade enterprises to "go global".

The "the Belt and Road Initiative" not only brings development opportunities, but also provides financial support and policy guarantee: the Asian Investment Bank, the Silk Road Fund, national policy banks and other banks have become financial support for construction enterprises to ease the financing bottleneck faced by construction enterprises; The "fund loan bond insurance" four yuan closed financing system was proposed. All institutions built multilateral financing through the cooperation mechanism, which gave new significance to the reform of global finance. While giving play to the leading role of the market, it also served the investment and construction of construction enterprises, and accelerated the pace of economic integration in Asia. All these are good for the construction industry to go global.

The key for Chinese construction enterprises to develop internationalization is that international trade enterprises themselves should practice their internal skills. First, we should improve our own competitive strength to fully adapt to international market competition; The second is to enhance the enterprise's international control and collaboration capabilities, so that enterprises can effectively integrate and utilize global high-quality resources; Third, we should fully enhance our ability to prevent and control risks, especially strengthen our understanding and prevention of political, legal, environmental and other risks in overseas operations; Fourth, we should pay special attention to strengthening the talent base, and form a set of mechanisms for selecting, employing and managing people that meet global standards and have global standards, so that global talents can be used for themselves.