Macao IIICF examines digital and green infrastructure development

Digital and green infrastructure could be focuses of upgrading global cooperation under the Belt and Road Initiative in the new era to achieve sustainable development, according to an international forum in Macao on Thursday.

Bearing the theme of "Green Leadership, Digital Intelligence, Financial Empowerment, Win-Win Co-operation", the 14th International Infrastructure Investment and Construction Forum (IIICF) is held from June 1-2 at the at the Venetian Macao Cotai Expo in Macao.

At the opening ceremony, Guo Tingting, vice-minister of commerce mentioned that this year is the 10-year anniversary of the BRI, which has made huge contribution to infrastructure development and connectivity, and connecting people's hearts of various countries. She said digital development has created new opportunities for international infrastructure cooperation, but as the world has entered a new period of turbulence and change, which has also brought new challenges to global infrastructure development.

She said digital economy has become a new engine to promote economic growth, and digital infrastructure has become an important driving force for innovation and development, and China is willing to work with all parties to deepen digital infrastructure cooperation, injecting new vitality into interconnectivity, a core element of the Belt and Road Initiative since its launch ten years ago.

"We have signed memorandums of understanding (MOU) with relevant departments of different countries to strengthen international investment cooperation, especially with the developing countries, to achieve the inclusive development of digital infrastructure."

Mongolian Deputy Prime Minister Sainbuyan Amarsaikhan, said within the framework of the "Vision 2050" long-term development policy adopted by the State Great Khural (Parliament) in 2020, the Mongolian government pursues a series of activities aimed at enhancing the socio-economic and human developments, setting up a new technology and innovation based knowledge added sector of the economy.

A different set of measures have successfully been undertaken for constantly upgrading readiness of information and communication technology and capacity of its infrastructure, forming up the legal environment for digitalization, and reinvigorating transparency to implement the digital transition in a phased but continued manner, he said.

Amarsaikhan noted public information systems are "pillars of the digital transition". He added that the Mongolia has established the Ministry of Digital Development and Communication, and would be more than pleased to collaborate in green leading, digital intelligence driven finance for the sake of mutually beneficial cooperation in infrastructure development.