Monthly Archives: April 2019
President says gathering sets stage for more Belt and Road progress, cooperation
More than $64 billion in deals were signed during the Second Belt a
nd Road Forum for International Cooperation, President Xi Jinping told members of the me
dia from home and abroad in Beijing after the three-day event concluded on Saturday.
In addition, Xi said, during the preparation and holding of the fo
rum, parties reached 283 pragmatic outcomes, including intergovernmental cooperation agre
ements, cooperative projects and the launch of multilateral cooperation platforms.
The outcomes fully demonstrate that joint building of the Belt and Road conforms to the trend of the times, wi
nning the hearts of the people, improving livelihoods and benefiting the whole world, he said.
ancing needs, sustainable development and debt sustainability, according to Finance Minister Liu Kun.
“We will build a high-standard and high-quality financing system to s
upport long-term and sustainable BRI investment while preventing debt risks,” Liu said.
He suggested promoting financing cooperation for projects in
third-party countries, equity investment and attracting more private funding.
Enhancing debt and risk management is a key consideration for deepening BRI financi
ng cooperation, said Yi Gang, governor of the People’s Bank of China, the central bank.
“The debt issue in developing countries should be treated objective
ly. If debt growth is accompanied by infrastructure improvement, enhancement of people’s liveliho
ods and productivity and poverty reduction, it will be beneficial for the sustainability of long-term debt,” Yi said.