China is urging the Beijing Development Bank to focus more on the Belt and Road Initiative

BEIJING – Chinese Prime Minister Lee Qiang urged on Thursday the Asian Infrastructure Investment Bank to increase its support for the Beijing Belt Initiative and its roads.

“I hope AIIB will remain committed to opening the regional and perseverance in promoting communication and communication between Asian countries and countries around the world,” said Li in Mandarin through an official English translation.

“It is important to strengthen the synergy between the bank, the belt and the road and the global development initiative,” he told me, referring to two programs led by Beijing.

His speech comes at the opening ceremony of the tenth annual meeting of the bank in the center of A. We retracted the support For Western -led institutions such as the World Bank and the International Monetary Fund, which unresolved US President Donald Trump claims other countries.

“Prime Minister’s comments” indicate China’s continuous attempts to benefit from the chaos caused by Trump’s commercial and economic policies.

“China is also aware that the United States is trying to pressure countries to move away from China (as we have seen in the commercial deal in the United Kingdom) and this is part of its strategy to counter these efforts,” Olson said in an email.

During the era of Chinese President Xi Jinping, now in its third term, China launched a regional development program entitled “The Belt and Road Periative” in 2013.

The program is widely seen as Beijing’s efforts to enhance its global impact through Railways development, The sea and other transportation methods that link Asia to Europe and Africa. Critics argue that the huge infrastructure project in China Forced developing countries to get high debts While taking advantage of Chinese companies, state -owned entities.

Xi later announced a broader “Global Development Initiative” in 2021 to enhance Beijing’s efforts to reduce poverty, public health and food security, and is compatible with the United Nations sustainable development goals for the year 2030.

AIIB announced this week that Zu Jiai, a former Chinese deputy, will become her The next president Starting in January. As Zu previously represented China as it An alternative ruler in the World Bank. The former anti -corruption official is also member Among the Central Committee of the ruling Communist Party of China, the third highest circle of power in the country.

The current president of AIIB, Jin Liqun, has served two periods for a period of five years since the bank’s establishment is also a former Chinese finance minister.

The country’s finance minister, Sri Moliani Endrawati, said in a closing letter at the same event on Thursday that Indonesia, a founding member of AIIB, worked with the bank in 14 projects that total more than $ 5.1 billion.

“Indonesia does not only generate operating returns for AIIB, but we (we) also provide tremendous experience in addition to strong participation,” said Endraati.

“AIIB is no longer just an emerging bank. It is now a global development force.”

While the United States is not a member of AIIB, UK, France, Germany listed between 110 Chinese bank membersAs well as Russia, Israel, Singapore and Vietnam. China has the largest stake in AIIB, contract 26.5 % voting share.

AIIB provides loans for developing countries, largely for infrastructure projects such as water supply and transportation. AIIB said Beijing headquarters 8.4 billion dollars agreed to finance last year, A total of more than 60 billion dollars since its launch in 2016.

Wednesday, Urging International business leaders and senior government representatives to cooperate and avoid turning trade into a political or security issue. He said, engaging in the international economy is a way to “reshape rules and order.”

He was talking At the annual conference of the World Economic Forum, it is called “Samar Davos”, which was held this year in Tianjin. He then met me with business executives, including JD.com founder and chairman Richard Liu.

Chinese Minister of Trade Wang Winju and Chang Shangji, head of the country’s economic planning agency, attended the National Development and Reform Committee, a letter to me and its meeting with companies on Wednesday, according to government media.