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Vice Premier urges efforts to promote Belt and Road Initiative

2016-09-14 09:22

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Vice Premier Zhang Gaoli on Tuesday called for a steady advance of the Belt and Road Initiative to ensure it benefits the people along the routes.

The Belt and Road Initiative should help policy coordination, infrastructure connectivity, unimpeded trade, financial integration and mutual understanding among the people along the routes, Zhang said at a meeting.

Priority areas for the initiative include building a platform to advance cooperation as well as a "green, healthy, intelligent and peaceful Silk Road," Zhang said.

He said the progress and results of the Belt and Road Initiative have been greater than expected.

The initiative, proposed by President Xi Jinping in 2013, refers to the Silk Road Economic Belt and the 21st Century Maritime Silk Road -- a trade and infrastructure network connecting Asia with Europe and Africa along the ancient trade routes. China has signed memorandums of understanding (MOU) with more than 30 countries along the routes on Belt and Road projects.

Zhang called for the sound implementation of the MOUs and the development of a mutually-beneficial cooperation model.

He underscored the role played by financial cooperation, the creation of a multi-layered financial platform, and the establishment of a long-term, stable, sustainable, risk-controllable financial security system that could serve the initiative.

Zhang said China will further standardize the investing behavior of Chinese companies, and formulate effective measures to ensure the implementation of key cooperation projects.

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