Quality infrastructure for quality development

Quality infrastructure is one of the key topics on this year's G20 agenda under Japan's presidency. The concept, first mentioned in the Leaders' Communiqu�� of the G20 Summit in Hangzhou, Zhejiang province, in 2016, emphasizes the importance of quality infrastructure to sustainable development and inclusive growth.

Its key elements, inter alia, include "ensuring economic efficiency in view of life-cycle cost, safety, resilience against natural disasters, job creation, capacity building, and transfer of expertise and know-how on mutually agreed terms and conditions, while addressing social and environmental impacts and aligning with economic and development strategies".

Guided by this definition, continuous progress has been made since then. In this regard, the Global Infrastructure Connectivity Alliance (formed in 2016), the Roadmap to Infrastructure as an Asset Class (2018) and the G20 Principles for Quality Infrastructure Investment (2019) have contributed to the global efforts to promote infrastructure development. And China is an active and constructive player in all these endeavors.