综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Belt and Road financing welcomes local currencies, says PBOC chief

By Dai Tian | chinadaily.com.cn | Updated: 2017-05-05 13:55
Share
Share - WeChat

People's Bank of China Governor Zhou Xiaochuan speaks at a news conference in Beijing, March 10, 2017. [Photo/Xinhua]

China's central bank governor Zhou Xiaochuan said using local currencies for Belt and Road investments and financing will help reduce exchange rate fluctuations and ensure financial stability in those nations.

Countries along the Belt and Road routes should promote financial connectivity to optimize resource allocation and provide a long-term and reliable backing for regional constructions, Zhou wrote in an article published on Thursday in the central bank's biweekly magazine China Finance.

"Investment and financing shouldn't be understood as one-way support. The initiative is to build a common community with risk and benefit sharing through extensive consultation and joint contribution," he wrote.

The infrastructural projects should be market oriented and ensure sustainability, the governor of the People's Bank of China (PBOC) noted.

"China has explored a way of development financing." Zhou cited the China Development Bank as a good example in integrating resources, bridging the state with market and operating independently from government subsidy.

There's huge financing demand in the infrastructural construction along the Belt and Road, which is beyond one country's capability and has to rely on market force pooling capital across the world, Zhou wrote.

Concessionary loans require government funding, and are also likely to cause market distortion and dependency mentality, Zhou said.

The Belt and Road Initiative, proposed by President Xi Jinping in 2013, has won support from more than 100 countries and international organizations, over 40 of whom have signed cooperation agreements with China.

The country will host the Belt and Road Forum for International Cooperation on May 14-15 in Beijing, enabling participants to exchange views on the future development of the initiative.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
瓦房店市| 阿拉善盟| 繁昌县| 志丹县| 盖州市| 龙川县| 翼城县| 张家口市| 左权县| 扶绥县| 囊谦县| 绥中县| 镇巴县| 安溪县| 霍城县| 新晃| 高安市| 陇南市| 若尔盖县| 太和县| 阿荣旗| 潜山县| 榕江县| 河北区| 台东县| 拜城县| 甘德县| 台南市| 金阳县| 新田县| 亳州市| 高清| 定西市| 桂林市| 壤塘县| 衢州市| 普洱| 宿州市| 崇阳县| 长治市| 鄄城县|