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00:00BELT AND ROAD COOPERATION. WE NEED TO BE GUIDED BY THE PRINCIPLE OF EXTENSIVE CONSULTATION, JOINT CONTRIBUTION AND SHARED BENEFIT. WE NEED TO ACT IN THE SPIRIT OF MULTI-ROUTER IS SOME -- MULTILATERALISM, PURSUE COOPERATION, AND KEEP ALL PARTIES MOTIVATED. WE MAY DO SO BY ENGAGING IN BILATERAL, TRILATERAL AND MULTILATERAL COOPERATION, FULLY TAP INTO THE STRENGTHS OF ALL PARTICIPANTS. JUST AS THE CHINESE PROVERB GOES -- A TOWER IS HELD WHEN SOIL ON EARTH I CAN RELATE'S, AND A RIVER IS FORMED WHEN THE STREAMS COME TOGETHER. WE NEED TO PROCEED OPEN, GREEN AND CLEAN COOPERATION. THE BELT AND ROAD IS NOT AN EXCLUSIVE CLUB, AND IT AIMS TO PROMOTE GREEN DEVELOPMENT. WE MAY MUCH GREEN INFRASTRUCTURE PROJECTS, MAKE GREEN INVESTMENTS, AND PROVIDE GREEN FINANCING TO PROTECT THE EARTH WHICH WE ALL CALL HOME. IN PURSUING BELT AND ROAD COOPERATION, EVERYTHING SHOULD BE DONE IN A TRANSPARENT WAY, AND WE SHOULD HAVE ZERO-TOLERANCE FOR CORRUPTION. THE BEIJING INITIATIVE FOR CLEAN SILK ROAD HAS BEEN LAUNCHED, WHICH REPRESENTS OUR STRONG COMMITMENT TO TRANSPARENCY AND CLEAN GOVERNANCE IN PURSUING BELT AND ROAD COOPERATION. [APPLAUSE] WE NEED TO PURSUE HIGH STANDARD COOPERATION TO IMPROVE PEOPLE'S LIVES AND PROMOTE SUSTAINABLE DEVELOPMENT. WILL ADOPT WIDELY ACCEPTED RULES AND STANDARDS, AND ENCOURAGE PARTICIPATING COMPANIES TO FOLLOW GENERAL INTERNATIONAL RULES AND STANDARDS IN PROJECT DEVELOPMENT, OPERATION, PROCUREMENT, TENDERING AND BIDDING. THE LAWS AND REGULATIONS OF PARTICIPATING COUNTRIES SHOULD ALSO BE RESPECTED. WE NEED TO TAKE A PEOPLE-CENTERED APPROACH, GEARED UP TO POVERTY ALLEVIATION AND JOB CREATION, TO SEE THAT THE JOINT PURSUIT OF BELT AND ROAD COOPERATION WILL DELIVER TRUE BENEFITS TO THE PEOPLE PARTICIPATING COUNTRIES AND CONTRIBUTE TO THEIR SOCIAL AND ECONOMIC DEVELOPMENT. WE ALSO NEED TO ENSURE THAT THE COMMERCIAL AND FISCAL SUSTAINABILITY OF OUR PROJECT, SO THAT THEY WILL ACHIEVE THE INTENDED GOALS AS PLANNED. DEAR COLLEAGUES AND FRIENDS, CONNECTIVITY IS VITAL TO BELT AND ROAD COOPERATION. WE NEED TO PROMOTE A GLOBAL PARTNERSHIP FOR CONNECTIVITY TO ACHIEVE, DEVELOPMENT AND PROSPERITY. I AM CONFIDENT THAT AS WE WORK MOSTLY TOGETHER, WE WILL TRANSCEND GEOGRAPHICAL DISTANCE AND EMBARQ ON A PATH OF WIN-WIN

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Xi: Strong Commitment to Transparency, Clean Governance in Belt & Road

Chinese President Xi Jinping outlines the focus of the Belt and Road Initiatives. He speaks at the Belt and Road Forum in Beijing. (Source: Bloomberg)

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