President Xi Jinping Announced China’s Eight Actions to Support High-Quality Belt and Road Initiative

On October 18, the opening ceremony of the 3rd Belt and Road Forum for International Cooperation was held at the Great Hall of the People in Beijing. President Xi Jinping delivered a keynote speech at the opening ceremony, reviewed the achievements of the Belt and Road Initiative in the past 10 years, summarized valuable experience, and announced China’s eight actions to support high-quality Belt and Road Initiative, which aroused strong repercussions at home and abroad.

Action 1: Build a three-dimensional interconnection network of the “Belt and Road”.
China will accelerate the high-quality development of China-Europe express trains, participate in the construction of the trans-Caspian international transport corridor, hold the China-Europe Express International Cooperation Forum, and work with all parties to build a new logistics channel in Eurasia supported by direct rail and road transportation. Actively promote the integrated development of port and shipping and trade of the “Silk Road Shipping”, and accelerate the construction of new land-sea channels and air Silk Road.

Action 2: Support the building of an open world economy.
China will create a “Silk Road E-commerce” cooperation pilot zone and negotiate free trade agreements and investment protection agreements with more countries. Completely remove restrictions on foreign investment in the manufacturing sector. Take the initiative to promote high-level opening up of cross-border service trade and investment in accordance with international high-standard economic and trade rules, expand market access for digital products, and deepen reforms in state-owned enterprises, digital economy, intellectual property rights, government procurement and other fields. China will hold the “Global Digital Trade Expo” every year.

Action 3: Carry out pragmatic cooperation.
China will make overall plans to promote landmark projects and “small but beautiful” livelihood projects. The China Development Bank and the Export-Import Bank of China will set up RMB financing windows, and the Silk Road Fund will add funds to support the joint construction of the “Belt and Road” projects in a market-oriented and commercial manner. China will also implement 1,000 small-scale livelihood assistance projects, promote Sino-foreign vocational education cooperation through Luban Workshops, and strengthen the safety and security of personnel for the joint construction of the “Belt and Road” projects and personnel with all parties.

Action 4: Promote green development.
China will continue to deepen cooperation in green infrastructure, green energy, green transportation and other fields, increase support for the International Alliance for Green Development of the Belt and Road, continue to hold the Belt and Road Green Innovation Conference, and build a dialogue and exchange mechanism for the photovoltaic industry and a green and low-carbon expert network. Implement the Belt and Road Green Investment Principles and conduct 100,000 training sessions for Partner Countries by 2030.

Action 5: Promote scientific and technological innovation.
China will continue to implement the Belt and Road Science and Technology Innovation Action Plan, hold the first Belt and Road Science and Technology Exchange Conference, expand the number of joint laboratories jointly built with all parties to 100 in the next five years, and support young scientists from all countries to work in China for a short time. China will put forward a global AI governance initiative at this forum, and is willing to strengthen exchanges and dialogues with other countries to jointly promote the healthy, orderly and safe development of global AI.

Action 6: Support people-to-people exchanges.
China will hold the “Liangzhu Forum” to deepen the dialogue among civilizations with countries that jointly build the “Belt and Road”. On the basis of the Silk Road International Theatres, Art Festivals, Museums, Art Galleries and Library Alliance, the Silk Road Tourism Cities Alliance was established. Continue to implement the “Silk Road” Chinese Government Scholarship Program.

Action 7: Building a clean road.
China will work with partners to release the Achievements and Prospects, the High-Level Principles for Integrity Construction along the Belt and Road, establish a integrity and compliance evaluation system for Belt and Road enterprises, and cooperate with international organizations to conduct research and training on integrity along the Belt and Road.

Action 8: Improve the “Belt and Road” international cooperation mechanism.
China will work with BRI countries to strengthen the construction of multilateral cooperation platforms in the fields of energy, taxation, finance, green development, disaster reduction, anti-corruption, think tanks, media and culture. Continue to hold the Belt and Road Forum for International Cooperation and establish the secretariat of the Forum.

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References:

习近平在第三届“一带一路”国际合作高峰论坛开幕式上的主旨演讲(全文) – 中国一带一路网 (yidaiyilu.gov.cn)

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