共話“一帶一路”建設高質量發展

Wang Yi， State Councilor and Foreign Minister New progress has been made constantly in promoting BRI international cooperation

共建“一帶一路”從謀篇布局的“大寫意”到精謹細膩的“工筆畫”，開啟了高質量發展的新征程。我們將遵照習近平主席在本屆論壇開幕式演講中提出的理念和目標，推動“一帶一路”國際合作不斷取得新進展。

要加強基礎設施互聯互通。我們要同各方共同努力，加快建設高質量、可持續、抗風險、價格合理、包容可及的基礎設施，重視共建“一帶一路”在經濟、社會、財政、金融和環境方面的可持續性，打造經得起時間檢驗和人民評說的合作項目。

要堅持開放共贏。在當前世界經濟面臨嚴峻挑戰的形勢下，我們更要堅持開放合作，旗幟鮮明地反對保護主義，大力促進貿易投資自由化、便利化，推動商品、資金、技術、人員的流通，為世界經濟增長提供強勁動力和廣闊空間。

要聚焦創新驅動。我們要順應時代潮流，不斷深化創新交流合作，推動數字化、網絡化、智能化發展，共同探索新技術、新業態、新模式，探尋新的增長動能和發展路徑，推進共建“一帶一路”科技創新行動計劃，實施“一帶一路”創新人才交流項目，建設數字絲綢之路、創新絲綢之路。

要促進均衡發展。我們要堅持以人民為中心的發展理念，確保共建“一帶一路”的成果惠及民生，滿足各國人民對美好生活的向往。我們要將綠色發展和可持續發展理念融入共建“一帶一路”項目選擇、實施和管理，同各方落實好共建“一帶一路”可持續城市聯盟、綠色發展國際聯盟、《“一帶一路”綠色投資原則》等合作計劃和倡議，為發展中國家營造更多發展機遇和空間。

要深化交流互鑒。我們要深入開展教育、科學、文化、體育等領域人文合作，加強議會、政黨、民間組織往來，密切婦女、青年、殘疾人等群體交流，形成多元互動的人文交流格局，譜寫更多精彩的“絲路故事”。

The Belt and Road Initiative （BRI） has sketched out a “freehand brushwork” and now it is time to work out a “meticulous painting” and steer BRI cooperation towards quality-driven development. We will continue to make new headway in BRI international cooperation in accordance with the vision and goals set out by President Xi Jinping in his speech at the opening ceremony of the Second Belt and Road Forum for International Cooperation （BRF）.

We will strengthen infrastructure connectivity. We will pull together with all parties to build highquality， sustainable， resilient， affordable， inclusive and accessible infrastructure， pursue sustainable development in economic， social， financial and environmental dimensions， and forge more cooperation projects that can withstand the test of history and the comments of people.

We will seek win-win results through openness. As the world economy is facing severe challenges， it is essential for us to seek greater openness and cooperation and say no to protectionism to accelerate trade and investment liberalization and facilitation. We will also facilitate the flow of goods， capital， technology and people to power global economic growth and create broad space for it.

We will highlight innovation-driven development. Keeping up with the trend of the times， we need to deepen innovation exchanges and cooperation to promote the digital， networked and smart development， and jointly explore new technologies and new forms and models of business to foster new growth drivers and blaze new development pathways. We will act as a booster for China’s Belt and Road Science， Technology and Innovation Cooperation Action Plan and the Belt and Road talents exchange program， in the hope of building the digital Silk Road and the Silk Road of innovation.

We will promote balanced development. We will stick to a people-oriented concept， put our focus on people’s better livelihood as always， and get to see that the joint pursuit of BRI cooperation will deliver true benefits to the people of all participating countries. In the joint pursuit of the BRI， we will always see that the vision of green development and sustainable development underpins project selection， implementation and management. In this connection， we will work with other parties to build the Belt and Road Sustainable Cities Alliance， the BRI International Green Development Coalition， and implement cooperation plans and initiatives like the Green Investment Principles for the Belt and Road， so as to create more opportunities for developing countries.

We will deepen exchanges and mutual learning. We need to expand cultural cooperation in education， science， culture， and sports， increase exchanges among parliaments， political parties and nongovernmental organizations， and pay more attention to women， young people and people with disabilities. These will lead to the formation of a multi-layer pattern for cultural communication as well as more fantastic stories on the Silk Road.

Liu Kun， Minister of Finance Supporting long-term BRI infrastructure financing via multiple channels

在第二屆“一帶一路”國際合作高峰論壇資金融通分論壇期間，財政部正式發布《“一帶一路”債務可持續性分析框架》。該分析框架是在借鑒國際貨幣基金組織和世界銀行低收入國家債務可持續性分析框架基礎上，結合“一帶一路”沿線國家實際情況制定的債務可持續性分析工具，鼓勵中國和共建“一帶一路”國家金融機構、國際機構在自愿基礎上使用。

支持多渠道資金參與基礎設施長期融資，堅持“一帶一路”合作的開放性。通過多雙邊合作平臺，鼓勵多雙邊開發機構與參建“一帶一路”國家開展聯合融資，鼓勵開展第三方合作、多方合作，推廣股權投資、PPP項目融資等方式，充分發揮公共資金的帶動作用，動員長期資本及私人部門資本參與，進一步完善多元、包容、可持續的“一帶一路”融資體系。

At the Thematic Session on Financial Connectivity of the Second BRF， the Ministry of Finance officially issued the Debt Sustainability Framework for Participating Countries of the Belt and Road Initiative. The Framework is a tool for analyzing debt sustainability that is developed by drawing on the International Monetary Fund （IMF） and World Bank’s Debt Sustainability Framework for Lowincome Countries （LIC-DSF） and in light of the realities of the countries along the Belt and Road. Financial institutions in China and other countries participating in the initiative as well as international organizations are encouraged to use the tool on a voluntary basis.

China supports long-term BRI infrastructure financing via multiple channels and upholds the opening-up strategy in BRI cooperation. Through multilateral cooperation platforms， we will incentivize multilateral development institutions to co-finance with BRI countries， and encourage third-party and multi-party cooperation to promote equity investment and PPP project financing. Public funds will give full play to its leading role to mobilize long-term capital and private-sector capital to participate in the initiative， and further improve the diverse， inclusive and sustainable BRI financing system.

Zhong Shan， Minister of Commerce Working together to deliver a brighter future for highquality BRI economic and trade cooperation

經貿合作是“一帶一路”建設的重要內容，未來應遵循習近平主席提出的共建原則、理念和目標，明確重點、把握方向，不斷推進經貿合作再上新臺階。

在開放合作上加大力度。進一步擴大市場開放，提高貿易和投資便利化程度，堅決反對保護主義，維護多邊貿易體制主渠道地位，通過開放促進要素自由流動、資源高效配置、市場深度融合，為促進各國經濟增長提供強勁動力和廣闊空間。

在政策對接上加大力度。在相互尊重、平等相待的基礎上，進一步加強經貿領域對話協商、規劃對接，求同存異、完善機制，不斷擴大利益匯合點，更好發揮各方優勢和潛能。

在創新驅動上加大力度。進一步加強電子商務、數字經濟等合作，拓展第三方合作新空間，通過創新促進貿易投資取得更大發展，推動數字絲綢之路、創新絲綢之路建設。

在互利共贏上加大力度。進一步突出發展的包容性、均衡性，促進更多發展中國家和中小企業積極融入全球供應鏈、產業鏈、價值鏈，更好從國際貿易和投資中受益，減少發展赤字。

在可持續發展上加大力度。嚴格遵守《“一帶一路”綠色投資原則》《廉潔絲綢之路北京倡議》，將可持續發展理念融入各類經貿合作項目選擇、實施、管理等方方面面，做到善始善終、善作善成。

Economic and trade cooperation is a major part in building the Belt and Road. In the future， we will， under the principle of co-construction and following the concepts and objectives proposed by President Xi Jinping， have a clear focus and steer the course to take the BRI economic and trade cooperation to a new level.

We will step up efforts to open markets and seek more cooperation. Along with revving efforts to improve the opening-up of market access and increase trade and investment facilitation， we will firmly uphold multilateral trading system by resolutely rejecting protectionism. Though opening up， we will also promote the free flow of economic factors， highly efficient allocation of resources and deep integration of markets， so as to power economic growth of all countries and create broad space for it.

We will step up efforts to synergize development policies. On the basis of mutual respect and treating each other as equals， we will further strengthen multilateral dialogue and consultation and planning coordination in the economic and trade sphere， and seek common ground while reserving differences and perfect mechanisms， in a bid to enlarge our common interests and fully tap into the strengths of all participants.

We will step up efforts to pursue innovation-driven development. We will further our cooperation in e-commerce and digital economy， expand new space for third-party cooperation， and facilitate trade and investment through innovation to push ahead with the digital Silk Road and the Silk Road of innovation.

We will step up efforts to realize mutual benefit and win-win results. We will make development more inclusive and balanced， encouraging more small and medium-sized enterprises and developing countries to be better integrated into the global supply， industrial and value chains and benefited from international trade and investment with less development deficit.

We will step up efforts to promote sustainable development. Guided by the Green Investment Principles for the Belt and Road Development and the Beijing Initiative for the Clean Silk Road， we will see that the vision of sustainable development underpins all economic and trade cooperation project selection， implementation and management， thus to achieve our intended goals as planned.

Yi Gang， Governor of the People’s Bank of China Building an open， market-oriented investment and financing system

據統計，中國金融機構為“一帶一路”建設提供資金超過4400億美元。下一步應秉持“共商、共建、共享”理念，堅持“企業為主體、市場化運作、互利共贏”的原則，構建開放、市場導向的投融資體系，推動“一帶一路”建設高質量發展。

遵從市場規律，堅持市場主導。順應“一帶一路”建設市場化運作的需求，資金支持主要以商業性資金為主，盡量減少提供減讓式資金，政府性資金主要起撬動私人部門資金的作用。私人部門投資是主力，政府投資主要發揮杠桿作用，撬動并引導私人部門投資。

要加強債務和風險管理，實現可持續發展。應客觀全面地認識發展中國家債務問題，如果債務增加伴隨著基礎設施的完善、民生的改善、勞動生產率的提高、貧困率的降低等有利于經濟持續健康發展指標的改進，是有利于長期債務可持續的。投融資決策既要充分考慮市場主體的資本金約束，合理設計融資結構，有效管控風險；也要充分考慮一國總體的債務承受能力，加強投融資的統籌協調，確保債務可持續。

Statistics show that Chinese financial institutions have input more than USD 440 billion to promote the Belt and Road Initiative. Looking into the future， we need， guided by the principle of extensive consultation， joint contribution and shared benefits to pursue business-led and market-driven development for mutual benefit and win-win results and build an open， market-oriented investment and financing system， in a bid to promote the high-quality development of the initiative.

Efforts shall be made to follow market rules and the principle of market-oriented development shall be upheld. In accord with the demand of market operation in building the Belt and Road， commercial funds will be the main source of financial support with minimized provision of concessional funds. Government funds mainly works as a leverage for the private-sector funds. The investment of the private sectors is going to domain the filed， encouraged and guided by the Government investment.

Debt and risk management should be strengthened to achieve sustainable development. We should have an objective and comprehensive understanding of the debt problem of developing countries. If the increased debt is accompanied by the improvement of indicators conducive to sustained and sound economic growth， such as the improvement of infrastructure， people’s livelihood and labor productivity and the reduction of poverty rate， it will be conducive to long-term debt sustainability. Investment and financing decisions should fully weigh the capital constraints of main market players， design reasonable financing structure and effectively control risks. Also， full consideration should be given to the country’s maximum debt bearing capacity to enhance its coordination of investment and financing ， thus ensuring the debt sustainability.

Wang Jun， Administrator of the State Administration of Taxation Taking strong measures to ensure the full implementation of tax and fee cuts

中國稅務部門將進一步推進與“一帶一路”建設參與方開展稅收協定的談簽，避免雙重征稅，化解涉稅爭議。此外，還將持續完善《“走出去”稅收指引》，未來兩年再更新發布100份國別投資稅收指南，全面覆蓋“一帶一路”建設重點國家和地區。

稅費負擔是營商環境的重要指標。今年中國政府正在實施總量近2萬億元的減稅降費政策，在更大規模增值稅降率減稅申報尚未開始、社保費降率政策尚未實施的情況下，一季度已新增減稅3411億元。

我們將與有關部門一道繼續采取有力措施，確保減稅降費政策落地生根，既惠及國內企業又惠及外資企業，既減輕市場主體的負擔又促進經貿環境持續優化。

Chinese tax authorities will gear up for the negotiation and signing of tax treaties with participants of the initiative to avoid double taxation and resolve tax-related disputes. In addition， it will continue to revise the Guideline of “Goingglobal”Taxation， expecting 100 more guides on taxation and investment in the next two years for the key areas and regions of the Belt and Road.

Tax burden is a major indicator to assess the business environment. China is taking measures to cut taxes and fees with total amount reaching nearly RMB 2 trillion this year. And in the first quarter， RMB 341.1 billion of tax were reduced， despite the fact that the application for wider VAT cut has not yet begun and the policy of reducing social security premiums has not yet been implemented.

We will work with relevant departments to take effective measures to ensure tax cuts and administrative fee reductions are fully implemented， which will benefit both domestic and foreign enterprises， ease the burden on market players， and continue to optimize the economic and trade environment.