Opinion Flash
WB president: B&R Initiative greatly contributes to development
Xinhua | Updated: 2018-07-17 17:35

President Xi Jinping on Monday met with World Bank President Jim Yong Kim in Beijing, Xinhua reported.

Hailing the sound long-term cooperation between China and the World Bank, Xi said China appreciated the World Bank for supporting the Belt and Road Initiative, promoting capital increase and shareholding reforms in recent years, and improving the representation and voting power of emerging markets and developing countries, including China.

"The World Bank is an important force in safeguarding multilateralism and economic globalization," Xi said. "China is willing to deepen global development partnership with the World Bank, strengthen trade liberalization and facilitation, jointly promote global poverty alleviation and sustainable development, safeguard an open world economy and build a community of a shared future for humanity."

"The Belt and Road Initiative proposed by Xi reflects farsightedness and greatly contributes to international development and cooperation and the cause of poverty reduction," Kim said. "The World Bank is willing to deepen cooperation under the initiative."

President Xi Jinping on Monday met with World Bank President Jim Yong Kim in Beijing, Xinhua reported.

Hailing the sound long-term cooperation between China and the World Bank, Xi said China appreciated the World Bank for supporting the Belt and Road Initiative, promoting capital increase and shareholding reforms in recent years, and improving the representation and voting power of emerging markets and developing countries, including China.

"The World Bank is an important force in safeguarding multilateralism and economic globalization," Xi said. "China is willing to deepen global development partnership with the World Bank, strengthen trade liberalization and facilitation, jointly promote global poverty alleviation and sustainable development, safeguard an open world economy and build a community of a shared future for humanity."

"The Belt and Road Initiative proposed by Xi reflects farsightedness and greatly contributes to international development and cooperation and the cause of poverty reduction," Kim said. "The World Bank is willing to deepen cooperation under the initiative."