BEIJING, Oct. 18, 2023/PRNewswire/ -- Chinese President Xi Jinping announced on Wednesday that China will take eight major measures to support the joint pursuit of high-quality Belt and Road cooperation with participating countries.
Xi made the announcement while 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 promises more financial support for BRI projects on the basis of market and trade operation.
The China Development Bank and the Export-Import Bank of China will each set a financing window of 350 billion yuan ($48.75 billion), and an additional 80 billion yuan will be injected into the Silk Road Fund , announced the Chinese president.
Xi also revealed that agreements worth $97.2 billion were concluded at the CEO conference during the Forum on Tuesday.
China will also support an open world economy through measures such as establishing pilot zones for Silk Road e-commerce cooperation, concluding free trade agreements and investment protection treaties with more countries, and eliminating of all restrictions on the access of foreign investment in the manufacturing sector, he stated.
To support the joint pursuit of high-quality Belt and Road cooperation, China, according to Xi, will also take measures to build a multi-dimensional Belt and Road connectivity network, continue to promote green development and promote scientific innovation. and technological.
China will also support people-to-people exchanges, promote integrity-based Belt and Road cooperation, and strengthen institution-building for international Belt and Road cooperation, Xi said.
This year marks the tenth anniversary of the BRI. As of June 2023, China had signed more than 200 BRI cooperation agreements with more than 150 countries and more than 30 international organizations.
"Belt and Road cooperation was proposed by China, but its benefits and opportunities are for the world to share," Xi said in his speech.
Addressing the opening ceremony, state leaders and heads of international organizations praised what has been achieved under the BRI over the past decade and expressed confidence in its prospects.
Russian President Vladimir Putin said the BRI ties in very well with the development of integration projects in regions around the world, while Indonesian President Joko Widodo expressed hope that development synergies under the BRI will continue.
UN Secretary-General Antonio Guterres said the relevance of the BRI is undeniable amid the challenges facing the world today.
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