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What to expect from Belt and Road Forum

Xinhua | Updated: 2017-05-01 14:39

-- PEOPLE-TO-PEOPLE BOND

While the "hard connection" of rail lines and ports brings countries closer through ease of travel and logistics, "soft connections" will bring their people together.

On June 22, 2016, during a speech at the Legislative Chamber of the Uzbek Supreme Assembly in Tashkent, Xi called for building a green, healthy, intelligent and peaceful Silk Road, laying out the future of the initiative.

-- GLOBALIZATION

The significance of the forum is especially timely given the rise of anti-globalization.

At a time when certain Western powers are retreating into protectionism and isolation, China has been promoting the globalization of the economy in a spirit of openness and inclusiveness. China will unswervingly continue to open up and push globalization with Chinese wisdom.

-- WIDE PARTICIPATION

More than 1,200 people will attend the forum scheduled for mid-May, including officials, scholars, entrepreneurs, representatives of financial institutions and media organizations from 110 nations, as well as representatives from more than 60 international organizations.

They include heads of state and government from at least 28 countries, as well as UN secretary-general Antonio Guterres, World Bank president Jim Yong Kim, and managing director of the International Monetary Fund Christine Lagarde.

-- CONCRETE OUTCOMES

Results of the forum are expected to range from consensus building to specific measures on implementation. China expects to sign cooperative documents with nearly 20 countries and more than 20 international organizations at the event.

China will also work with countries along the routes on nearly 20 action plans concerning infrastructure, energy and resources, production capacity, trade and investment.

The round-table leaders' summit, to be held on May 15, will issue a document defining goals and principles and refining cooperative measures.

During the forum, all parties will identify major cooperative projects, set up working groups and establish an investment cooperation center. They will sign financing agreements to support their cooperative projects.

China will work with all parties on a set of measures, including an improved financial cooperation mechanism, a cooperation platform for science, technology and environmental protection, and enhanced exchanges and training of talent.

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