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China also vowed to host the China International Import Expo starting from 2018, contribute an additional 100 billion yuan (about $14.5 billion) to the Silk Road Fund, and provide assistance worth 60 billion yuan in the coming three years to developing countries and international organizations parti
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There are so far over 1,200 EIBC-financed Belt and Road projects still with cash balance, signed with 50 or so en-route countries with a total investment of over 700 billion yuan ($105 billion).
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According to the official, Xi announced the establishment of the Assistance Fund for South-South Cooperation when attending the summits marking the 70th anniversary of the UN in Sept. 2015. The initial contribution of $2 billion he pledged aimed to support developing countries to implement the 2030
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Participants in the Leaders Roundtable of the Belt and Road Forum for International Cooperation adopted a joint communique .<br />"We reaffirm our shared commitment to build open economy, ensure free and inclusive trade, oppose all forms of protectionism including in the framework of the Belt and Ro
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“The greatest difference between the Belt and Road Initiative and general globalization lies in the inclusion of young people, women, smaller enterprises and developing countries. The Belt and Road Initiative aims to reach more people. This is both a responsibility and an opportunity,” Ma said.
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For the first time, China has been an initiator and major driving force for an international large development plan. Is China leading the world? Frankly speaking, Chinese people do not think about it like this. We would like to see it as an international cooperation project in which China has played
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“Mr. Xi provided many wise solutions to major problems facing the international community,” Nursultan Nazarbayev, President of Kazakhstan, hailed Xi’s speech, echoing the thoughts of many other attendants. The applause not only showed respect for what the initiative has achieved, it also recognized
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Philippine finance secretary Carlos Dominguez also said at the "Dutertenomics" forum that the government is focused on developing the country's infrastructure, including the building of roads and ports, and hopes to get help from countries like China.
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"The Silk Road spirit has become a great heritage of human civilization," he added.<br />In his speech, Xi announced to scale up financing support for the Belt and Road Initiative by contributing an additional 100 billion yuan ($14.5 billion) to the Silk Road Fund.
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The forum is the most important meeting on the Belt and Road Initiative since Xi first made the proposal in 2013. It is also the largest-scale and highest-level international gathering initiated by China.
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"We believe that the Belt and Road Initiative presents an open and inclusive platform for development where all countries can participate, contribute and benefit as equals,"
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Chinese President Xi Jinping announced Monday that China will host the second Belt and Road Forum for International Cooperation in 2019.