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SCIO briefing on development of Belt and Road Initiative

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Speakers:
Ning Jizhe, vice director of the Office of the Leading Group for the Belt and Road Initiative, deputy head of the National Development and Reform Commission, head of the National Bureau of Statistics

Qian Keming, vice minister of commerce

Zhang Jun, assistant minister of foreign affairs

Chairperson:
Hu Kaihong, spokesperson for the State Council Information Office of China

Date:
August 27, 2018

Reuters:

With concerns about the increase in debt from this project, if we can expect to see China be more cautious in choosing Belt and Road projects or providing funding for these projects? Thanks.

Qian Keming:

I have already said about the debt issue just now. We have always been paying attention to the selection of projects. The first is wide consultation, which means, the host countries and China consult with each other to propose projects. The second is joint contribution, which means they participate in construction together. The third principle is shared benefits. We have strict procedures for the evaluation of projects, banks, enterprises, including environmental protection, there are strict evaluation procedures.

In the future, we also welcome developed countries and international institutions to actively participate in and jointly select projects with us to ensure that projects are transparent, high-quality and sustainable.