PR Newswire
18 Oct 2023, 13:37 GMT+10
BEIJING, Oct. 18, 2023 /PRNewswire/ -- Chinese President Xi Jinping on Wednesday announced that China will take eight major steps to support the joint pursuit of high-quality Belt and Road cooperation with participating countries.
Xi made the announcement when delivering a keynote speech at the opening ceremony of the third Belt and Road Forum for International Cooperation in Beijing.
To carry out practical cooperation for the Belt and Road Initiative (BRI), Xi said China vows more financing support for BRI projects on the basis of market and business operation.
The China Development Bank and the Export-Import Bank of China will each set up a 350 billion yuan ($48.75 billion) financing window, and an additional 80 billion yuan will be injected into the Silk Road Fund, the Chinese president announced.
Xi also revealed that the CEO Conference during the Forum held on Tuesday saw the conclusion of agreements worth $97.2 billion.
China will also support an open world economy through measures such as establishing pilot zones for Silk Road e-commerce cooperation, entering into free trade agreements and investment protection treaties with more countries, and removing all restrictions on foreign investment access in the manufacturing sector, he said.
To support the joint pursuit of high-quality Belt and Road cooperation, China, according to Xi, will also take steps to build a multidimensional Belt and Road connectivity network, continuing to promote green development, and advancing scientific and technological innovation.
China will also support people-to-people exchanges, promote integrity-based Belt and Road cooperation, and strengthen institutional building for international Belt and Road cooperation, Xi said.
This year marks the 10th anniversary of the BRI. By June 2023, China had signed more than 200 BRI cooperation agreements with over 150 countries and 30-plus international organizations.
"The Belt and Road cooperation was proposed by China, but its benefits and opportunities are for the world to share," said Xi in his speech.
Addressing the opening ceremony, state leaders and heads of international organizations spoke highly of what has been achieved under the BRI over the past decade and expressed confidence in its prospects.
Russian President Vladimir Putin said the BRI links very well with the development of integration projects in regions across the world, while Indonesian President Joko Widodo expressed the hope that development synergies under the BRI will continue.
UN Secretary-General Antonio Guterres said the relevance of the BRI is undeniable in the midst of the challenges facing the world today.
Get a daily dose of Malaysia Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Malaysia Sun.
More InformationBANGKOK, Thailand: This week, Thailand implemented land border restrictions, including a ban on tourists traveling to Cambodia, as...
By Diptayan Hazra Karnal (Haryana) [India], June 30 (ANI): India delivered its best-ever performance at the Asian Para-Badminton...
New Delhi [India], June 30 (ANI): Union Minister for Finance & Corporate Affairs Nirmala Sitharaman will lead the Indian delegation...
(250630) -- DA NANG, June 30, 2025 (Xinhua) -- This photo taken on June 29, 2025 shows the opening ceremony of the third Da Nang Asian...
Hapur (Uttar Pradesh) [India], June 30 (ANI): The Monsoon arrived eight days earlier in India, making several cities experience heavy...
Ontario [Canada], June 30 (ANI): Ritesh Malik, Chairperson of Canada India Foundation and chief organiser of National Security Conference,...
LONDON, U.K.: A little-known investment fund based in the United Arab Emirates has emerged as the most prominent public backer of U.S....
SAN FRANCISCO, California: Across the U.S., a growing number of people are taking obesity treatment into their own hands — literally....
SAN FRANCISCO, California: Under pressure from European regulators, Apple has revamped its App Store policies in the EU, introducing...
NEW YORK CITY, New York: The U.S. dollar tumbled this week, hitting its lowest levels since 2021 against the euro, British pound, and...
NEW YORK CITY, New York: Walmart is set to close a major Sam's Club fulfillment center in Fort Worth, Texas, as part of a shift in...
SAN FRANCISCO, California: A U.S. judge has dismissed a copyright lawsuit filed by 13 authors against Meta Platforms, the company that...