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Xi`s statements on the Belt and Road Initiative

2017-04-19 14:02:08

President Xi Jinping proposed the Belt and Road Initiative in 2013.

Editor's note:

President Xi Jinping proposed the Belt and Road Initiative in 2013. The Silk Road Economic Belt and the 21st-Century Maritime Silk Road initiative aims to create a trade and infrastructure network connecting Asia with Europe and Africa along ancient trade routes.

Since then, more than 100 countries and international organizations have backed the initiative, with more than 40 signing cooperation agreements with China.

In May, China will host a Belt and Road forum for international cooperation in Beijing. Let's look back at some of the important comments Xi has made on the initiative in the last three years.

Proposing an 'economic belt along the Silk Road'

To create the new economic belt, Xi suggested China and Central Asian countries accelerate policy communication, improve road connectivity, promote unimpeded trade, enhance monetary circulation and enhance understanding.

Call to build a new 'maritime silk road'

In a speech to the Indonesian parliament in 2013, Xi said that in order to build the new "maritime silk road", China will strengthen maritime cooperation with ASEAN countries "to make good use of the China-ASEAN Maritime Cooperation Fund set up by the Chinese government".

During the speech, Xi underscored the "shared destiny" of China and ASEAN members, saying that China was ready to open itself wider to ASEAN countries and enable ASEAN countries to benefit more from China's development.

Countries invited to be part of Silk Road Economic Belt

Xi said that China would welcome Shanghai Cooperation Organization's member states, observers and dialogue partners to actively participate in the joint construction of the Silk Road Economic Belt to promote regional connectivity and the progress of the new-type industrialization.

$40b pledge on Silk Road fund

In November 2014, Xi announced that China would contribute $40 billion to set up a Silk Road fund that would boost infrastructure and resource development while improving industrial and financial cooperation along the centuries-old Silk Road trading routes.