Xi Jinping announces China's eight steps for high-quality Belt and Road cooperation

Chinese President Xi Jinping announced that China will take eight major steps to support the joint pursuit of high-quality Belt and Road cooperation with participating countries.

Xi made the announcement during the opening ceremony of the third Belt and Road Forum. Xi said China vows more financing support for BRI projects on the basis of market and business operation.The China Development Bank and the Export-Import Bank of China will each set up a 350 billion yuan financing window, and an additional 80 billion yuan will be injected into the Silk Road Fund, Xi announced.

China will also support people-to-people exchanges, promote integrity-based Belt and Road cooperation, and strengthen institutional building for international Belt and Road cooperation, Xi said.