China-MOF Briefing/Belt and Road

China continues to support Belt and Road with financial, tariff measures

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Shotlist


Beijing, China - March 7, 2018 (CCTV - No access Chinese mainland)
1. Press conference in progress
2. Reporter asking question
3. Reporters
4. Xiao Jie, Minister of Finance, speaking
5. Press conference in progress
6. SOUNDBITE (Chinese) Shi Yaobin, Vice Finance Minister:
"As what we are witnessing, the Belt and Road is turning from ideas to actions and from aspiration to reality, and is reaping in rich fruits. Here it comes to my mind the words by a famous leader of an international economic organization; he said: 'The Belt and Road Initiative brought up by Chinese President Xi Jinping has provided a multilateral solution for global problems. It has shown the responsibility and wisdom of the Chinese leadership and their benefit to people across the world.' From this point of view, we can say that the Belt and Road initiative comes from China, but it belongs to the whole world."
7. Various of reporters
8. SOUNDBITE (Chinese) Shi Yaobin, Vice Finance Minister (starting with shot 7):
"Just as Minister Xiao Jie mentioned before, China's Finance Ministry, as a comprehensive economic management agency, has been deeply involved in the construction of the Belt and Road according to its duty. In recent years, we have laid a solid foundation for this initiative in terms of financing and policy communication. In the future, we will continue to implement related decisions and arrangements by the central government and will enhance our support measures to ensure the Belt and Road construction. To begin with, we will further solidify our achievements in financing, build a long-term, stable, sustainable diversified financing system with controllable risks under the frames of the financing guidelines and the MoU."
9. Reporters
10. SOUNDBITE (Chinese) Shi Yaobin, Vice Finance Minister (starting with shot 9):
"Next, we will go on pushing forward multilateral and bilateral negotiations on tariffs to promote the construction of Free Trade Zones, to advance the equal openness among Belt and Road countries and to do well the tariff reducing work with countries that have already signed the agreements. Meanwhile, we will also boost international tax coordination and cooperation, make efforts to eliminate discrimination in tax policy making and implementing, encourage and take in more countries and regions to participate in the Base Erosion and Profit Shifting projects, or BEPS projects."
11. Reporters
12. SOUNDBITE (Chinese) Shi Yaobin, Vice Finance Minister (starting with shot 11):
"The Finance Ministry will arrange our work dynamically according to the development of Belt and Road construction. With the Ministry's duties, we will play a positive part that we are supposed to in the construction of the Belt and Road initiative. Thank you all."
13. Press conference in progress

Storyline


China will continue to support the Belt and Road initiative with measures on finance and tariffs, said Chinese Vice Finance Minister Shi Yaobin at a press conference on Wednesday.

Shi made the comments in reply to a question about what the Ministry of Finance (MOF) has done for the Belt and Road since the initiative was introduced five years ago and its future related plans.

"As what we are witnessing, the Belt and Road is turning from ideas to actions and from aspiration to reality, and is reaping in rich fruits. Here it comes to my mind the words by a famous leader of an international economic organization; he said: 'The Belt and Road Initiative brought up by Chinese President Xi Jinping has provided a multilateral solution for global problems. It has shown the responsibility and wisdom of the Chinese leadership and their benefit to people across the world.' From this point of view, we can say that the Belt and Road initiative comes from China, but it belongs to the whole world," Shi said.

"Just as Minister Xiao Jie mentioned before, China's Finance Ministry, as a comprehensive economic management agency, has been deeply involved in the construction of the Belt and Road according to its duty. In recent years, we have laid a solid foundation for this initiative in terms of financing and policy communication," Shi continued.

Shi gave two examples for the concrete measures of the MOF. China hosted the first Belt and Road Forum for International Cooperation (BRF) last May, where Finance Minister Xiao Jie signed the Belt and Road Financing Guidelines on behalf of China with 26 other countries, which shows worldwide participation in the initiative.

During the Forum, Xiao signed a Memorandum of Understanding (MoU) with major banks in the world, including the World Bank, Asian Development Bank and the Asian Infrastructure Investment Bank, which shows China's multilateral cooperation with banks to finance the Belt and Road construction.

"In the future, we will continue to implement related decisions and arrangements by the central government and will enhance our support measures to ensure the Belt and Road construction, shi added.

"To begin with, we will further solidify our achievements in financing, build a long-term, stable, sustainable diversified financing system with controllable risks under the frames of the financing guidelines and the MoU, " Shi said.

To turn these agreements into reality, we are now in the progress of organizing an international financing cooperation center, in accordance with the results of the BRF last year and President Xi's announcement, said Shi.

"Next, we will go on pushing forward multilateral and bilateral negotiations on tariffs to promote the construction of Free Trade Zones, to advance the equal openness among Belt and Road countries and to do well the tariff reducing work with countries that have already signed the agreements. Meanwhile, we will also boost international tax coordination and cooperation, make efforts to eliminate discrimination in tax policy making and implementing, encourage and take in more countries and regions to participate in the Base Erosion and Profit Shifting projects, or BEPS projects," Shi said.

"The Finance Ministry will arrange our work dynamically according to the development of Belt and Road construction. With the Ministry's duties, we will play a positive part that we are supposed to in the construction of the Belt and Road initiative," Shi added.

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  • ID : 8075267
  • Dateline : March 7, 2018
  • Location : Beijing,China
  • Category : politics
  • Duration : 3'31
  • Audio Language : Chinese/Nats
  • Source : China Central Television (CCTV)
  • Restrictions : No access Chinese mainland
  • Published : 2018-03-07 15:27
  • Last Modified : 2019-03-16 00:57:00
  • Version : 1
  • ID : 8075267
  • Dateline : 7 mars 2018
  • Location : Beijing,Chine
  • Category : politics
  • Duration : 3'31
  • Audio Language : Chinois/Nats
  • Source : China Central Television (CCTV)
  • Restrictions : Pas d’accès dans la partie continentale de Chine
  • Published : 2018-03-07 18:57
  • Last Modified : 2019-03-16 00:57:00
  • Version : 1
  • ID : 8075267
  • Dateline : 7 مارس 2018
  • Location : بكين,الصين
  • Category : politics
  • Duration : 3'31
  • Audio Language : الصينية/الصوت الطبيعي
  • Source : China Central Television (CCTV)
  • Restrictions : No access Chinese mainland
  • Published : 2018-03-07 19:18
  • Last Modified : 2019-03-16 00:57:00
  • Version : 1
  • ID : 8075267
  • Dateline : 7 марта 2018
  • Location : Пекин,Китай
  • Category : politics
  • Duration : 3'31
  • Audio Language : Китайский/Естественный звук
  • Source : China Central Television (CCTV)
  • Restrictions : Недоступно материковой части Китая
  • Published : 2018-03-07 19:27
  • Last Modified : 2019-03-16 00:57:00
  • Version : 1
  • ID : 8075267
  • Dateline : 7 mar. 2018
  • Location : Beijing,China
  • Category : politics
  • Duration : 3'31
  • Audio Language : Chino/Nats
  • Source : China Central Television (CCTV)
  • Restrictions : No acceso a la parte continental de China
  • Published : 2018-03-07 17:22
  • Last Modified : 2019-03-16 00:57:00
  • Version : 1

China-MOF Briefing/Belt and Road

China continues to support Belt and Road with financial, tariff measures

Dateline : March 7, 2018

Location : Beijing,China

Duration : 3'31

  • English
  • Français
  • العربية
  • Pусский
  • Español


Beijing, China - March 7, 2018 (CCTV - No access Chinese mainland)
1. Press conference in progress
2. Reporter asking question
3. Reporters
4. Xiao Jie, Minister of Finance, speaking
5. Press conference in progress
6. SOUNDBITE (Chinese) Shi Yaobin, Vice Finance Minister:
"As what we are witnessing, the Belt and Road is turning from ideas to actions and from aspiration to reality, and is reaping in rich fruits. Here it comes to my mind the words by a famous leader of an international economic organization; he said: 'The Belt and Road Initiative brought up by Chinese President Xi Jinping has provided a multilateral solution for global problems. It has shown the responsibility and wisdom of the Chinese leadership and their benefit to people across the world.' From this point of view, we can say that the Belt and Road initiative comes from China, but it belongs to the whole world."
7. Various of reporters
8. SOUNDBITE (Chinese) Shi Yaobin, Vice Finance Minister (starting with shot 7):
"Just as Minister Xiao Jie mentioned before, China's Finance Ministry, as a comprehensive economic management agency, has been deeply involved in the construction of the Belt and Road according to its duty. In recent years, we have laid a solid foundation for this initiative in terms of financing and policy communication. In the future, we will continue to implement related decisions and arrangements by the central government and will enhance our support measures to ensure the Belt and Road construction. To begin with, we will further solidify our achievements in financing, build a long-term, stable, sustainable diversified financing system with controllable risks under the frames of the financing guidelines and the MoU."
9. Reporters
10. SOUNDBITE (Chinese) Shi Yaobin, Vice Finance Minister (starting with shot 9):
"Next, we will go on pushing forward multilateral and bilateral negotiations on tariffs to promote the construction of Free Trade Zones, to advance the equal openness among Belt and Road countries and to do well the tariff reducing work with countries that have already signed the agreements. Meanwhile, we will also boost international tax coordination and cooperation, make efforts to eliminate discrimination in tax policy making and implementing, encourage and take in more countries and regions to participate in the Base Erosion and Profit Shifting projects, or BEPS projects."
11. Reporters
12. SOUNDBITE (Chinese) Shi Yaobin, Vice Finance Minister (starting with shot 11):
"The Finance Ministry will arrange our work dynamically according to the development of Belt and Road construction. With the Ministry's duties, we will play a positive part that we are supposed to in the construction of the Belt and Road initiative. Thank you all."
13. Press conference in progress


China will continue to support the Belt and Road initiative with measures on finance and tariffs, said Chinese Vice Finance Minister Shi Yaobin at a press conference on Wednesday.

Shi made the comments in reply to a question about what the Ministry of Finance (MOF) has done for the Belt and Road since the initiative was introduced five years ago and its future related plans.

"As what we are witnessing, the Belt and Road is turning from ideas to actions and from aspiration to reality, and is reaping in rich fruits. Here it comes to my mind the words by a famous leader of an international economic organization; he said: 'The Belt and Road Initiative brought up by Chinese President Xi Jinping has provided a multilateral solution for global problems. It has shown the responsibility and wisdom of the Chinese leadership and their benefit to people across the world.' From this point of view, we can say that the Belt and Road initiative comes from China, but it belongs to the whole world," Shi said.

"Just as Minister Xiao Jie mentioned before, China's Finance Ministry, as a comprehensive economic management agency, has been deeply involved in the construction of the Belt and Road according to its duty. In recent years, we have laid a solid foundation for this initiative in terms of financing and policy communication," Shi continued.

Shi gave two examples for the concrete measures of the MOF. China hosted the first Belt and Road Forum for International Cooperation (BRF) last May, where Finance Minister Xiao Jie signed the Belt and Road Financing Guidelines on behalf of China with 26 other countries, which shows worldwide participation in the initiative.

During the Forum, Xiao signed a Memorandum of Understanding (MoU) with major banks in the world, including the World Bank, Asian Development Bank and the Asian Infrastructure Investment Bank, which shows China's multilateral cooperation with banks to finance the Belt and Road construction.

"In the future, we will continue to implement related decisions and arrangements by the central government and will enhance our support measures to ensure the Belt and Road construction, shi added.

"To begin with, we will further solidify our achievements in financing, build a long-term, stable, sustainable diversified financing system with controllable risks under the frames of the financing guidelines and the MoU, " Shi said.

To turn these agreements into reality, we are now in the progress of organizing an international financing cooperation center, in accordance with the results of the BRF last year and President Xi's announcement, said Shi.

"Next, we will go on pushing forward multilateral and bilateral negotiations on tariffs to promote the construction of Free Trade Zones, to advance the equal openness among Belt and Road countries and to do well the tariff reducing work with countries that have already signed the agreements. Meanwhile, we will also boost international tax coordination and cooperation, make efforts to eliminate discrimination in tax policy making and implementing, encourage and take in more countries and regions to participate in the Base Erosion and Profit Shifting projects, or BEPS projects," Shi said.

"The Finance Ministry will arrange our work dynamically according to the development of Belt and Road construction. With the Ministry's duties, we will play a positive part that we are supposed to in the construction of the Belt and Road initiative," Shi added.

ID : 8075267

Published : 2018-03-07 15:27

Last Modified : 2019-03-16 00:57:00

Source : China Central Television (CCTV)

Restrictions : No access Chinese mainland

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