Download One Belt, One Road

“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”
 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
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
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
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.
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.
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.
THANKS!