The Third Belt and Road Forum for International Cooperation started today in Beijing. Speaking at its opening, President of China Xi Jinping noted that over 10 years, many concrete and symbolic projects of this initiative have been implemented.

– For 10 years, constant efforts have been made to achieve the relevant goals set for us. The Belt and Road Initiative has moved from plans and projects to practical actions, – the President of China said.

According to him, the capital of the Silk Road Fund will be increased by $10.9 billion. The funds will be used to implement joint projects.

The Silk Road Fund was established in 2014, with a total capital of $40 billion and RMB 100 billion.

Xi Jinping noted that exports and imports of Chinese products in 2024-2028 will exceed $32 trillion, and the volume of trade services will exceed $5 trillion.

As he noted, the state will allocate almost $47.8 billion each to the China Development Bank and Export-Import Bank of China to implement the Belt and Road Initiative projects.

The Belt and Road Initiative, launched in 2013 by the President of the People’s Republic of China Xi Jinping, aims to enhance the implementation of trade and investment multilateral projects involving interested countries and China and foreign capital.

UzA