2023-10-19 07:54:23
Beijing will inject more than $100 billion in new financing into the “new Silk Roads”. This is what the Chinese President announced this Wednesday, October 18 in Beijing, during a summit celebrating the tenth anniversary of this titanic project initiated by China, and which has become one of the pillars of soft power Chinese.
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With our correspondent in Beijing, Stéphane Lagarde
There are favorable winds, but there are also headwinds and we must hold on in the face of adversity, Xi Jinping told the representatives of more than 130 countries registered at this 3rd Silk Roads Forum. A project which according to Beijing has enabled the signature of more than 2,000 billion dollars in loans since its launch ten years ago, but also widely criticized for the collateral damage that it can cause in terms of over-indebtedness and pollution.
To correct the situation, the Chinese number one announced eight measures aimed at favoring quality over quantity. Blue background, sea of flowers to hide the microphones on the lectern, the Chinese president talks about greener and subsistence projects.
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« China will coordinately advance flagship projects and “small but beautiful” projects for the benefit of the people. The China Development Bank and the China Export-Import Bank will each create a financing line of $48 billion, and the Silk Road Fund will carry out a capital increase of $11 billion. China will also carry out 1,000 small social welfare assistance projects. »
Xi Jinping then unfolds the language elements of soft power Chinese of a China helping other developing countries ” against those who consider development as a threat ». « China is only doing well when the world is doing well; and the world is better off when China is better off. »
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