罗康瑞：如何不用美元又便利国际资金投资中国项目？或可考虑“一国两币”

Core Insights - The "Belt and Road Initiative" (BRI) has entered a new stage of high-quality development, focusing on expanding its breadth and depth to adapt to the current global economic landscape [3] - The investment focus has shifted from merely exporting infrastructure and trade from China to connecting global resources and promoting suitable cooperation models for future economic development [3][4] - The total investment related to the BRI is projected to reach $1.3 trillion by mid-2025, with significant contributions from both contract and non-financial investments [8] Investment and Trade Dynamics - The BRI's investment projects have evolved from infrastructure to a combination of trade, investment, and industrial collaboration, with $124 billion in investments recorded in the first half of 2025, surpassing the total for 2024 [8] - The investment structure includes $66.2 billion in contract projects and $57.1 billion in industrial investments, particularly in sectors like metals, mining, technology, and manufacturing [8] - The internationalization of the Renminbi (RMB) is progressing, with bilateral local settlement agreements established with countries like Indonesia, Vietnam, and Brazil, and a significant increase in RMB's share in global payment systems [4][7] Challenges and Opportunities - Despite the progress, the overall pace of RMB internationalization remains slow, with its share in the SWIFT payment system rising from 2.3% to 3.4% over the past year [7] - The BRI is seen as a critical battleground for accelerating RMB internationalization, although challenges such as the lack of free convertibility of the RMB persist [7] - The investment scale of the BRI is substantial, and it is emphasized that it cannot be solely supported by China, highlighting the need for international capital participation [8] Sectoral Insights - Industries where China has competitive advantages, such as new energy vehicles, photovoltaics, and electronics, are expected to see strong market potential in BRI countries, providing significant demand and opportunities for growth [10] - Private enterprises are identified as key drivers of investment growth in the BRI, with a strong interest in expanding overseas despite challenges in understanding local markets and regulations [10][11] - The need for enhanced professional services and talent development is critical for supporting Chinese enterprises in their global expansion efforts, particularly in navigating cultural and operational differences [11][12]