共话“一带一路”建设高质量发展

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

共建“一带一路”从谋篇布局的“大写意”到精谨细腻的“工笔画”，开启了高质量发展的新征程。我们将遵照习近平主席在本届论坛开幕式演讲中提出的理念和目标，推动“一带一路”国际合作不断取得新进展。

要加强基础设施互联互通。我们要同各方共同努力，加快建设高质量、可持续、抗风险、价格合理、包容可及的基础设施，重视共建“一带一路”在经济、社会、财政、金融和环境方面的可持续性，打造经得起时间检验和人民评说的合作项目。

要坚持开放共赢。在当前世界经济面临严峻挑战的形势下，我们更要坚持开放合作，旗帜鲜明地反对保护主义，大力促进贸易投资自由化、便利化，推动商品、资金、技术、人员的流通，为世界经济增长提供强劲动力和广阔空间。

要聚焦创新驱动。我们要顺应时代潮流，不断深化创新交流合作，推动数字化、网络化、智能化发展，共同探索新技术、新业态、新模式，探寻新的增长动能和发展路径，推进共建“一带一路”科技创新行动计划，实施“一带一路”创新人才交流项目，建设数字丝绸之路、创新丝绸之路。

要促进均衡发展。我们要坚持以人民为中心的发展理念，确保共建“一带一路”的成果惠及民生，满足各国人民对美好生活的向往。我们要将绿色发展和可持续发展理念融入共建“一带一路”项目选择、实施和管理，同各方落实好共建“一带一路”可持续城市联盟、绿色发展国际联盟、《“一带一路”绿色投资原则》等合作计划和倡议，为发展中国家营造更多发展机遇和空间。

要深化交流互鉴。我们要深入开展教育、科学、文化、体育等领域人文合作，加强议会、政党、民间组织往来，密切妇女、青年、残疾人等群体交流，形成多元互动的人文交流格局，谱写更多精彩的“丝路故事”。

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

在第二届“一带一路”国际合作高峰论坛资金融通分论坛期间，财政部正式发布《“一带一路”债务可持续性分析框架》。该分析框架是在借鉴国际货币基金组织和世界银行低收入国家债务可持续性分析框架基础上，结合“一带一路”沿线国家实际情况制定的债务可持续性分析工具，鼓励中国和共建“一带一路”国家金融机构、国际机构在自愿基础上使用。

支持多渠道资金参与基础设施长期融资，坚持“一带一路”合作的开放性。通过多双边合作平台，鼓励多双边开发机构与参建“一带一路”国家开展联合融资，鼓励开展第三方合作、多方合作，推广股权投资、PPP项目融资等方式，充分发挥公共资金的带动作用，动员长期资本及私人部门资本参与，进一步完善多元、包容、可持续的“一带一路”融资体系。

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

经贸合作是“一带一路”建设的重要内容，未来应遵循习近平主席提出的共建原则、理念和目标，明确重点、把握方向，不断推进经贸合作再上新台阶。

在开放合作上加大力度。进一步扩大市场开放，提高贸易和投资便利化程度，坚决反对保护主义，维护多边贸易体制主渠道地位，通过开放促进要素自由流动、资源高效配置、市场深度融合，为促进各国经济增长提供强劲动力和广阔空间。

在政策对接上加大力度。在相互尊重、平等相待的基础上，进一步加强经贸领域对话协商、规划对接，求同存异、完善机制，不断扩大利益汇合点，更好发挥各方优势和潜能。

在创新驱动上加大力度。进一步加强电子商务、数字经济等合作，拓展第三方合作新空间，通过创新促进贸易投资取得更大发展，推动数字丝绸之路、创新丝绸之路建设。

在互利共赢上加大力度。进一步突出发展的包容性、均衡性，促进更多发展中国家和中小企业积极融入全球供应链、产业链、价值链，更好从国际贸易和投资中受益，减少发展赤字。

在可持续发展上加大力度。严格遵守《“一带一路”绿色投资原则》《廉洁丝绸之路北京倡议》，将可持续发展理念融入各类经贸合作项目选择、实施、管理等方方面面，做到善始善终、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

據统计，中国金融机构为“一带一路”建设提供资金超过4400亿美元。下一步应秉持“共商、共建、共享”理念，坚持“企业为主体、市场化运作、互利共赢”的原则，构建开放、市场导向的投融资体系，推动“一带一路”建设高质量发展。

遵从市场规律，坚持市场主导。顺应“一带一路”建设市场化运作的需求，资金支持主要以商业性资金为主，尽量减少提供减让式资金，政府性资金主要起撬动私人部门资金的作用。私人部门投资是主力，政府投资主要发挥杠杆作用，撬动并引导私人部门投资。

要加强债务和风险管理，实现可持续发展。应客观全面地认识发展中国家债务问题，如果债务增加伴随着基础设施的完善、民生的改善、劳动生产率的提高、贫困率的降低等有利于经济持续健康发展指标的改进，是有利于长期债务可持续的。投融资决策既要充分考虑市场主体的资本金约束，合理设计融资结构，有效管控风险；也要充分考虑一国总体的债务承受能力，加强投融资的统筹协调，确保债务可持续。

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

中国税务部门将进一步推进与“一带一路”建设参与方开展税收协定的谈签，避免双重征税，化解涉税争议。此外，还将持续完善《“走出去”税收指引》，未来两年再更新发布100份国别投资税收指南，全面覆盖“一带一路”建设重点国家和地区。

税费负担是营商环境的重要指标。今年中国政府正在实施总量近2万亿元的减税降费政策，在更大规模增值税降率减税申报尚未开始、社保费降率政策尚未实施的情况下，一季度已新增减税3411亿元。

我们将与有关部门一道继续采取有力措施，确保减税降费政策落地生根，既惠及国内企业又惠及外资企业，既减轻市场主体的负担又促进经贸环境持续优化。

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.