China hosted the 2nd Belt and Road Forum for International Cooperation (BRF) in Beijing from 25-27 April 2019. Since the first BRF and during the second one, national governments, local authorities and enterprises reached a series of cooperation agreements, important measures and practical results.

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As the host country, China has put together some representative outcomes, and formed a list of deliverable targets of the second BRF. The list includes 283 concrete results in six categories —- they are initiatives proposed or launched by the Chinese side, bilateral and multilateral documents signed during or immediately before the second BRF, multilateral cooperation mechanisms under the BRF framework, investment projects and project lists, financing projects, and other projects by local authorities and enterprises.   

Let us have a look at the Initiatives Proposed or Launched by the Chinese Side

    • The Organizing Committee of the 2nd BRF issued the Report on the Findings and Recommendations from the First Meeting of the Advisory Council of the Belt and Road Forum for International Cooperation.
    • China, relevant countries and international organizations, as well as representatives of academic and business communities jointly launched the Beijing Initiative for the Clean Silk Road.
    • The Chinese government will implement facilitation arrangements for border entry and exit for the Belt and Road.
    • China develops Silk Road theme bonds to facilitate bond market financing by domestic and foreign entities in support of the Belt and Road Initiative.
    • The Ministry of Science and Technology of China and science, technology and innovation related ministries of relevant countries jointly announced the Cooperation Initiative on Silk Road of Innovation.
    • The Chinese government will continue to implement the Green Silk Road Envoys Program, which will train 1,500 environmental officials from the participating countries of the Belt and Road Initiative in the next three years. The BRI Environmental Big Data Platform was launched officially. The Ministry of Ecology and Environment of China established the Belt and Road Environmental Technology Exchange and Transfer Center.图2
    • The National Development and Reform Commission of China launched the Belt and Road Green Lighting Initiative with the United Nations Development Programm, the United Nations Industrial Development Organization and the United Nations Economic and Social Commission for Asia and the Pacific, and launched the Belt and Road Green Cooling Initiative with the United Nations Industrial Development Organization and the United Nations Economic and Social Commission for Asia and the Pacific and the Energy Foundation.
    • The Ministry of Finance of China published the Debt Sustainability Framework for participating countries of the Belt and Road Initiative, to jointly enhance debt management capacity with participating countries of the BRI, and promote sustainable financing, and sustainable and inclusive growth.
    • The Standardization Administration of China initiated the establishment of a national standards information platform among the Belt and Road partner countries to strengthen the exchange and sharing of standards information.
    • The Chinese government continues to implement the “Silk Road” Chinese Government Scholarship Program and increases scholarships for candidates pursuing Master’s and PhD degrees at Chinese institutes of higher learning.
    • The Chinese Academy of Sciences launched the Belt and Road Master’s Degree Fellowship Program.
    • China will initiate the experience sharing program for Belt and Road partner countries, inviting 10,000 representatives to China from these countries in the next five years, including those from political parties, political organizations, think tanks and social organizations, as well as senior political figures and scholars.
    • The Ministry of Science and Technology of China announced the Belt and Road talents exchange program, supporting 5,000 talents from China and BRI partner countries in innovation exchange and cooperation in the next five years.
    • China and BRI partner countries will jointly implement the Belt and Road publications promotion library program and the Belt and Road copyright transaction project.
    • China and UNESCO initiated and set up the Silk Road Research Grant project to support young researchers and scholars.
    • The National Development and Reform Commission of China and the United Nations Children’s Fund jointly launched the Declaration on Accelerating the Sustainable Development Goals for Children through Shared Development in the Belt and Road partner countries.
    • China will work with relevant countries to jointly implement the Belt and Road South-South Cooperation Initiative on Climate Change.
    • The Industrial and Commercial Bank of China issued the first Belt and Road Bankers Roundtable Mechanism (BRBR) green bond, and jointly released the Belt and Road Green Finance Index with relevant members of the BRBR mechanism including the European Bank for Reconstruction and Development, the Credit Agricole Corporate and Investment Bank and the Mizuho Bank, to further enhance Belt and Road cooperation on green finance.
    • Hanban (Han Language Office) of China will carry out the “Chinese Bridge” Summer Camp for Youths in Belt and Road partner countries.
    • China will sponsor the first session of Belt and Road Legal Cooperation Research and Training Program, co-organize a seminar on business integrity and compliance with the World Bank, and hold an anti-corruption seminar for Belt and Road countries.

 

  • The Shanghai National Accounting Institute affiliated with the Ministry of Finance of China, together with the CAREC Institute, the Asian Development Bank and the Association of Chartered Certified Accountants, will jointly launch the China-Central Asia Accounting Elites Exchange Program.
  • China will hold the Second China International Import Expo in 2019, and hold the Global E-Commerce Forum during the Expo. — edited from The Second Belt and Road Forum for International Cooperation media release

Victoria Joins the Belt And Road

Victoria has formally pledged to sign up to China’s controversial ‘Belt, and Road initiative’ in a deal the state hopes will generate more trade and jobs.

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Premier Daniel Andrews and Chinese ambassador to Australia Cheng Jingye finalized a memorandum of understanding last November, making Victoria the first and only Australian state to support President Xi Jinping’s global trade initiative.

“This new Australian-first agreement sums up everything we have achieved with China over the past four years — it means more trade and more Victorian jobs and an even stronger relationship with China,” Mr Andrews said.

“In four years, we have more than tripled Victoria’s share of Chinese investment in Australia and nearly doubled our exports to China. We said we would reboot our relationship with China and we’re getting it done.”

So far, 68 countries including New Zealand have signed up to the signature project of President Xi, which marks his nation’s plans to expand its power in the region and beyond.

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Senior national security figures have often warned of serious “strategic” consequences if Australia formally signs up, although various investment projects on Australian soil seem to have had some form of involvement.

However, the MOU signed by Victoria marks a sharp turn in domestic views of the initiative which has been welcomed by the Chinese.

“Over the past five years, it has received positive responses and broad support from the international communities and has become a platform for international cooperation in policy coordination, connectivity of infrastructure, unimpeded trade, financing integration, closer people-to-people ties,” Mr. Cheng said, “It enables China to share development opportunities with other countries in the world and achieve mutual prosperity.”—-edited from abc.net.au

For More Investment and More Jobs

“We said we’d take our relationship to China to the next level and that is exactly what we’ve done. Over the past four years, Victoria’s exports to China have doubled and Victoria’s share of Chinese investment in Australia has tripled – that means more jobs for Victorians.”Mr Andrews said before he heading to the event in China, “I’m proud that Victoria is now seen as the gateway to Chinese investment and trade in Australia, and I look forward to deepening our longstanding ties.”

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As Daniel Andrews was the only state premier invited to the 2nd Belt and Road Forum For International Cooperation, he demonstrated his determination to boost the trade and jobs in Victoria through firm connection with Victoria’s biggest trade partner.  

Edited by Joreal Qian