The implementation of the "Belt and Road" strategy is not only full of opportunities but also full of challenges. We need to have a certain awareness of risks and be prepared for rainy days.

First, since 1999, the Chinese government has been encouraging companies to “go global.”

Much of the initial investment focused on resource extraction projects in some of the world's poorest countries.

In recent years, with the continuous strengthening of domestic economic strength, China's foreign investment has exceeded foreign capital inflows for the first time, and foreign investment has also been directed to more high-profile projects in developing and developed economies.

Five or six years ago, China's "going out" model basically revolved around commodities. Now it has begun to undertake infrastructure projects in some countries that implement bidding mechanisms.

We know that some developing countries along the "Belt" and "Road" are still more willing to accept our investment. However, because the political situation in some of these countries is not very stable, the philosophies of different parties are very different. Once one party steps down, it will

It will change the foreign policy of the past, which will definitely bring huge risks to our country's investment in these countries.

Therefore, when we implement the "Belt and Road" strategy, we must carefully study the political structure and legal environment of these countries, make risk response plans before investing, and minimize investment risks.

Secondly, any innovation in the implementation of the “Belt and Road” strategy will actually have potential risks, especially the multiplier risks contained in financial-based virtual economic innovations, which require us to remain highly vigilant at all times.

Finally, the implementation of the “Belt and Road” strategy must be adapted to domestic economic conditions.

We have to realize that China's overcapacity is relative; in fact, there is still a lot of room and potential for domestic infrastructure construction.

If we ignore these actual domestic needs and blindly invest and transfer industries abroad, it may produce a crowding-out effect on domestic investment and the "hollowing out" of industries.

We need to be more vigilant about this.

Extended information: New Opportunities Facing the Construction of "One Belt and One Road" "One Belt and One Road" is a grand strategic concept. Its construction process not only involves many countries and regions, but also involves many industries and the mobilization of huge amounts of factors.

The opportunities are immeasurable.

The main aspects are as follows: First, the opportunities brought by industrial innovation.

Industrial innovation involves the dividends brought by industrial transformation and upgrading and industrial transfer.

With the implementation of the “Belt and Road” strategy, some of China’s high-quality excess industries will be transferred to other countries and regions.

Domestically, due to changes in market supply and demand, some surplus industries may be reasonably valued in other countries; domestically, due to rising factor costs, some industries and products have lost their price competitiveness, and may be less competitive in other countries.

Low factor costs will revive these industries.

Domestically, because product exports to some developed countries are restricted, the development of the entire industry is affected. Perhaps these barriers can be bypassed in other countries, and so on.

In addition, there are endless opportunities for industrial transformation and upgrading due to industrial transfer, such as technological transformation, R&D investment, brand building, etc., which will bring unlimited opportunities to investors.

Second, opportunities brought by financial innovation.

The implementation of the “Belt and Road” strategy first requires sufficient capital flow, and the huge capital needs can only be solved through financial innovation.

We have initiated the establishment of the "AIIB" and the "Silk Road Fund", but this can only solve part of the funding problem. Countries and regions along the "Belt" and "Road" will definitely carry out various financial innovations, including the issuance of various types of

Securities, the establishment of various types of funds and innovative financial mechanisms, etc. The number of dividends and opportunities is even unimaginable.

Third, opportunities brought by regional innovation.

"One Belt, One Road" is essentially an international regional economic category. With the implementation of the "One Belt, One Road" strategy, it will inevitably trigger regional innovation in different countries and regions, including regional development models, regional industrial strategic choices, and regional economic changes.

Technological paths, inter-regional cooperation methods, etc. Every innovation in this process contains unlimited opportunities.