Horgos, Xinjiang, June 11 — The Third "Belt and Road" Construction Academic Seminar — "Extensive Consultation, Joint Contribution, Shared Benefits: Research on High-Quality Development of China–Central Asia Regional Economy" was held on the 11th in Horgos, Xinjiang. Two research reports were released at the meeting: "Reforming the Global Debt Restructuring Framework and Improving the Long-Term Belt and Road Debt Mechanism" and "The Belt and Road in the Next Decade: Assessment and Outlook."

Wang Wen, Executive Dean of the Chongyang Institute for Financial Studies at Renmin University of China, said at the meeting that 2024 is the first year of the golden decade of Belt and Road cooperation, and that in the future we can more boldly continue to imagine the possible changes and impacts the Belt and Road may bring to China and to the world.

On June 11, the Third "Belt and Road" Construction Academic Seminar was held, at which two research reports were released.

"The Belt and Road in the Next Decade: Assessment and Outlook" reviews the changes and impacts that Belt and Road cooperation has brought to China and the world since 2013, and looks ahead to the golden decade of the Belt and Road and an even brighter longer-term prospect. The report holds that the Belt and Road is a global cooperation vision that carries both strategic significance for the world and a clear operational path; for the world, the Belt and Road has become synonymous with global development.

"Reforming the Global Debt Restructuring Framework and Improving the Long-Term Belt and Road Debt Mechanism" points out that there should be an objective understanding of the sovereign debt risks of the Belt and Road: about 80% of Belt and Road sovereign lending goes to middle-income countries, and the risk of outstanding loans is controllable. Since 2020, Belt and Road investment areas have become greener, more technology-oriented, more diversified and more market-based. In the future, opportunities for financing connectivity far outweigh the risks.

More than 200 experts and scholars from 68 universities, enterprises and research institutions at home and abroad attended the meeting.