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China will host the China International Import Expo starting from 2018, President Xi Jinping said Sunday.<br />Xi made the announcement at the opening ceremony of the two-day Belt and Road Forum for International Cooperation in Beijing.
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A multi-tiered Belt and Road financial cooperation network has taken an initial shape, Xi said in the speech. China will also work with other parties concerned to jointly formulate guidelines for financing the Belt and Road related development projects, he said.
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The routes connected the birthplaces of the Egyptian, Babylonian, Indian and Chinese civilizations as well as the lands of Buddhism, Christianity and Islam and homes of people of different nationalities and races, Xi said.
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Chinese President Xi Jinping on Sunday urged strengthening international counter-corruption cooperation so that the Belt and Road will be a road with high ethical standards.
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Chinese President Xi Jinping said Sunday that China will launch Belt and Road cooperation initiative on trade connectivity together with some 60 countries and international organizations.
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China will put in place a Research Center for the Belt and Road Financial and Economic Development, the Facilitating Center for Building the Belt and Road, the Multilateral Development Financial Cooperation Center in cooperation with multilateral development banks, and an IMF-China Capacity Building
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Global growth requires new drivers, development needs to be more inclusive and balanced, and the gap between the rich and the poor needs to be narrowed, he noted. He also pointed out that hotspots in some regions are causing instability and that terrorism is rampant.
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"Rather, it aims to complement the development strategies of countries involved by leveraging their comparative strengths," Xi said in a keynote speech delivered at the opening ceremony of the Belt and Road Forum for International Cooperation.
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Trade between China and other Belt and Road countries exceeded 3 trillion U.S. dollars in the 2014-2016 period, and China's investment in these countries surpassed 50 billion dollars, he said.
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The ancient Silk Road represents an extraordinary accomplishment in terms of its cultural significance, praised Helga Zepp LaRouche, chair of the Germany-based Schiller Institute, explaining that it needs unparalleled courage and efforts to build it.
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Upon the open of Chongqing-Guangxi-Singapore international sea-rail route, the goods can arrive at their destinations over 20 days ahead compared with the previous sea transportation.
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COSCO plans to boost the port's container traffic to 5 million TEUs by 2018, which means the port would then be among the world's 30 largest container ports, Pitsiorlas said, adding that COSCO will add new investment in the port.