Login

Reload

Remember me Forgot it?

Not a subscriber?

Click on the button below to create your account and get immediate access to Xinhua Silk Road Database.

Start a Free Trial

Subscribe

Belt & Road Weekly Subscription Form

Research Report

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Policy & Politics

HOME > Policy & Politics


China to strengthen financing support for Belt and Road Initiative

March 8, 2018


Abstract : China will strengthen financing and tax support to better serve the Belt and Road Initiative, a deputy finance minister said on Wednesday.

港口建设

BEIJING, Mar. 8 (Xinhua) -- China will strengthen financing and tax support to better serve the Belt and Road Initiative, a deputy finance minister said on Wednesday.

The Ministry of Finance is forming an international financing cooperation center in a bid to build a long-term, stable, sustainable, risk-controllable and diversified financing system, Shi Yaobin told a press conference on the sidelines of the annual session of the National People's Congress, China's national legislature.

The ministry will continue to push forward bilateral and multilateral tariff negotiations to promote the building of free trade areas, promote mutual opening up, and soundly implement the tariff concession agreements already signed with countries along the routes.

China will facilitate international tax coordination and cooperation, contribute to eliminating discrimination in tax policy making and implementation, while encouraging more countries to participate in the BEPS (Base Erosion and Profit shifting) project, Shi said.

So far, the initiative has gained support from over 100 countries and international organizations, according to Shi.


Related Coverage

Focus

Think Tank

  • AIIB should broaden horizons to gain global impact

    December 17, 2018

    AIIB this year set a ceiling on non-regional investment, limiting it to 15 p...

  • Chinese enterprise helps Zimbabwe enhance power supp...

    December 17, 2018

    Chinese enterprises have actively responded to the Belt and Road Initiative ...

  • China in 2019 : Getting the stimulus dosage right

    December 14, 2018

    With policy support, while urbanization, an aging population and the rise of...

  • New ideas can drive China’s era of reform, growth

    December 13, 2018

    If China can take the 40th anniversary of reform and opening-up as an oppor...

  • Ask Us A Question

    If you have any questions, please enter them in the box below.

    Reload

    Write to Us

    Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

    Click on the button below to create your account and get imhttp://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

    Start a Free Trial