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Home > Press and Media Service > Embassy Spokesperson's Remarks
Embassy Spokesperson's Remarks on Some Media Report about the Belt and Road Initiative
2021/10/08

Question: Some media report cites a study that alleges most of China’s development financing under the Belt and Road Initiative (BRI) is provided by state-owned banks through risky high-interest loans, leaving many countries with huge debts. It is also reported that BRI projects have environmental issues. What is your comment?

Embassy Spokesperson: Such allegations do not reflect the whole picture and are unfair. The Belt and Road Initiative is about international economic cooperation. The BRI aims to promote the Silk Road spirit, build an open platform for cooperation and inject new impetus into cooperation on development.

With joint efforts of all parties over the past eight years, the BRI has shown strong vigor and vitality, and yielded good results and progress. Belt and Road cooperation has evolved from a concept and vision into real actions and reality, and brought about enormous opportunities and benefits to countries around the world. There have been positive response and support from the international community.

The BRI has become the world's broadest-based and largest platform for international cooperation, with membership of 140 countries and 32 international organizations as of July 2021. The full roll-out of a large number of major projects under the Initiative has delivered tangible benefits to people in countries and regions along the Belt and Road, and brought plenty of opportunities and benefits to countries around the world.

Despite the global pandemic, BRI cooperation demonstrates resilience against risks and plays an important role in helping countries fight the virus, stabilize the economy and protect people's livelihood.

China has also made ecological cooperation a key part of Belt and Road cooperation, launching a number of green action initiatives with wide-ranging efforts in green infrastructure, green energy, green transport and green finance, so as to bring enduring benefits to people in Belt and Road partner countries.

This June, 29 countries represented at the Asia and Pacific High-level Conference on Belt and Road Cooperation jointly launched the Initiative for Belt and Road Partnership on COVID-19 Vaccines Cooperation and the Initiative for Belt and Road Partnership on Green Development. The building of a Health Silk Road and a green Silk Road has become the latest highlights in Belt and Road cooperation.

According to a report released at the International Finance Forum this spring, 87% of the central banks surveyed in BRI countries expect the projects under the Initiative to contribute to post-Covid recovery, and 75% of them say the Initiative supports a green recovery and sustainable development. The BRI is about tangible and practical cooperation projects that benefit the locals. It is by no means a "debt trap".

China will continue to follow the principle of extensive consultation, joint contribution and shared benefits, uphold the vision of open, green and clean development, and advance high-standard cooperation that benefits the people and delivers sustainable growth. China will join hands with BRI countries in promoting high-quality Belt-and-Road cooperation, so as to further benefit people in all countries, strengthen global economic recovery and build a community with a shared future for mankind.

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