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“ONE BELT, ONE ROAD”: CHINA’S INITIATIVE ON CONNECTIVITY

“ONE BELT, ONE ROAD”: CHINA’S INITIATIVE ON CONNECTIVITY. Zhou Qiangwu, MOF, China Singapore, 27 April 2016. SIX ASPECTS. IMPLICATIONS PRIORITIES FEATURES FINANCING OPTIONS UPDATED PROJECTS LINKAGE WITH THE ALLIANCE. Implications of “One Belt, One Road”.

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“ONE BELT, ONE ROAD”: CHINA’S INITIATIVE ON CONNECTIVITY

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  1. “ONE BELT, ONE ROAD”: CHINA’S INITIATIVE ON CONNECTIVITY Zhou Qiangwu, MOF, China Singapore, 27 April 2016

  2. SIX ASPECTS • IMPLICATIONS • PRIORITIES • FEATURES • FINANCING OPTIONS • UPDATED PROJECTS • LINKAGE WITH THE ALLIANCE

  3. Implications of “One Belt, One Road” • One of China’s most important initiatives on international cooperation • Main Purpose: help promote the economic development and prosperity of the countries along the Belt and Road through enhanced economic cooperation • Three "together’s": mutual negotiation, joint development and sharing

  4. Cooperation Priorities for “One Belt, One Road” • Five Priorities: policy coordination, facilities connectivity, unimpeded trade, financial integration and people-to-people bond • Facilities connectivity is among the top priorities • Promote green and low-carbon infrastructure construction--high quality infrastructure investment

  5. Main Features of “One Belt, One Road” • "One Belt, One Road" is extensive, open, transparent and inclusive, and diversified. A win-win initiative. • Extensive: directly benefiting a population of 4.4 billion people or 63% of the world's population, with a combined GDP of 21 trillion US dollars that accounts for 29% of the world total • Open, transparent and inclusive: this initiative has so far received active and actual participation by over 70 countries and international organizations • More diversified, in terms of its goals or cooperation priorities

  6. Financing Options for “One Belt, One Road” • The one belt and one road is very inclusive in terms of its financing • The Silk Road Fund: 40 billion US dollars • China national policy banks: China Development Bank and China Export-import Bank and others playing leading role • MDBs: WBG, ADB, EBRD, EIB, AIIB, NDB and others • Private funds: 35 trillion dollars assets available in the Asia Pacific Region.

  7. Part of OBOR On-going Projects • Silk Road Fund Projects: one hydropower project in Pakistan, one in Italy, and one in Russia(equity investment). • Ports and Airports: The COSCO Piraeus Port Project in Greece, the Expansion and Upgrading Project of Ibrahim Nasir International Airport(INIA) in Maldives. • High-speed Railways: Pan-Asia Railway Projects (in Laos and Thailand), Jakarta-Bandung, Hungary-Serbia, and more on list. • Economic Corridors: China and Pakistan, China-Mongolia-Russia and etc.

  8. Its linkage with the Alliance Initiative • “ The global infrastructure connectivity alliance initiative” aims to synergize the existing infrastructure initiatives and to help maximize the efficiency and effectiveness of the global infrastructure connectivity. • China's OBOR will do its part.

  9. THANKS!

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