The Belt and Road Initiative Jin Yuan Economic and Commercial Counsellor Embassy of the People’s Republic of China in the Republic of the Philippines

The Belt and Road Initiative Table of cotents I The Belt and Road Initiative The Initiative and the Philippines II III Achievements and better vision

I The Belt and Road Initiative The Belt and Road initiative was raised by President Xi Jinping during his visits to Central Asia and Southeast Asia in 2013. “The programs of development will be open and inclusive, not exclusive. They will be a real chorus comprising all countries along the routes, not a solo for China itself.” The silk Road Economic Belt concept was introduced by Chinese President Xi Jinping during his visit to Kazakhstan. In a speech delivered at Nazarbayev University, Xi suggested that China and Central Asia cooperate to build a “Silk Road Economic Belt”. Later Xi proposed to build "21st-Century Maritime Silk Road" in Southeast Asia. On March 28 of 2015, while addressing the opening ceremony of the 2015 annual conference of the Boao Forum for Asia, President Xi Jinping said, “The programs of development will be open and inclusive, not exclusive. They will be a real chorus comprising all countries along the routes, not a solo for China itself,”

Facilities Connectivity Financial Integration People-to-People Bonds The Belt and Road Initiative Policy Coordination Facilities Connectivity Unimpeded Trade Financial Integration People-to-People Bonds Countries along the Belt and Road have their own resource advantages and their economies are mutually complementary. Therefore, there is a great potential and space for cooperation. They should promote policy coordination, facilities connectivity, unimpeded trade, financial integration and people-to-people bonds as their five major goals, and strengthen cooperation.

Other financial support, The Belt and Road Initiative AIIB Financial Support Silk Road Fund Other financial support, i.e. CDB, EXIM Bank The financial support mechanism of the Belt and Road Initiative is starting to work. Asian Infrastructure Investment Bank (AIIB) started to operate at the beginning of this year. Silk Road Fund formally launched its first batch of investment projects. China Development Bank and Export-Import Bank of China also serve to provide financial solutions. Countries along the line are actively discussing the establishment or the expansion of bilateral cooperation funds of all kinds. Financial cooperation is unfolding quickly, which provides strong support for the construction of important projects.

Progress Infrastructure The Belt and Road Initiative Progress Infrastructure Production Capacity China-Pakistan Economic Corridor Jakarta-Bandung high-speed railway China-Laos Railway China-Belarus Industrial Park China-Indonesia integrated Industrial Park China-Kazakstan Horgos Frontier International Cooperation Center 34 countries 46 industrial zones 14 billion U.S. dollars 80,000 local jobs AIIB has lended US$ 829 million constructing 6 projects, in five countries of Bangladesh, Indonesia, Pakistan, Tajikistan, and Myanmar, involving power stations, Power Transmission facilities, roads, etc. The Belt and Road Initiative has achieved solid progress. China has signed government agreements on jointly building the Belt and Road with 34 countries. With joint efforts, China has built 46 industrial zones in 17 countries along the routes. Under the Belt and Road Initiative, Chinese enterprises have made a total investment of over 14 billion U.S. dollars and created 80,000 local jobs. Major infrastructure projects in countries along the routes have been launched recently.The China-Pakistan Economic Corridor, which has been called "the first movement of the symphony of the Belt and Road Initiative" by Chinese foreign minister Wang Yi, is the demonstration project and the first milestone in the implementation of the initiative.Construction of the Jakarta-Bandung high-speed railway in Indonesia have started, and China-Laos Railway is expected to begin constructing in December this year. China's technological and management advantage in transportation infrastructure construction, especially high-speed railways, can effectively meet demands of the countries along the routes. As a key area of China-ASEAN cooperation, production capacity cooperation is also an inherent part of the joint construction of the Maritime Silk Road between China and neighboring countries. Joint Statement between China and ASEAN on Production Capacity Cooperation was issued at the Commemorative Summit Marking the 25th Anniversary of China-ASEAN Dialogue Relations, which serve as an important guide for production capacity cooperation between China and ASEAN countries. At present, bilateral production capacity cooperation is in the ascendant, and preliminary results have been achieved in a batch projects, such as China-Belarus Industrial Park, China-Indonesia integrated Industrial Park, and China-Kazakstan Horgos Frontier International Cooperation Center, etc. Till now, the AIIB has lended US$829 million constructing 6 projects in five countries of Bangladesh, Indonesia, Pakistan, Tajikistan, and Myanmar, involving power stations, Power Transmission facilities, and roads, etc.

II The Initiative and the Philippines The philippines China and the Philippines were linked by the ancient Maritime Silk Road, and should be united as natural partners by the 21st-Century Maritime Silk Road. The Philippines is a very important country along the route of the Belt and Road. China and the Philippines were linked by the ancient Maritime Silk Road, and should be united as natural partners by the 21st-Century Maritime Silk Road. We should promote policy coordination, facilities connectivity, unimpeded trade, financial integration and people-to-people bonds as our cooperation priorities. Specifically speaking, we need to enhance bilateral trade. China is ready to import more from the Philippines, particularly agricultural and fishery products that can directly benefit the farmers.

Chinese Zheng He brought goods and skills to the Philippines. II The Initiative and the Philippines Chinese Zheng He brought goods and skills to the Philippines. Philippine sweet potatoes saved many lives in ancient China, and left with us all kinds of delicious food made from sweet potatoes. Zheng He, formerly known as Cheng Ho, was a mariner, explorer, diplomat, and fleet admiral during China's early Ming dynasty. Zheng He commanded expeditionary voyages to Southeast Asia. He set up and consolidated the Maritime Silk Road, and enhanced the trade relations between China and Southeast Nations. Throughout his travels, Zheng He liberally dispensed Chinese gifts of silk, porcelain, and other goods. He taught local people constructing and digging wells, which had improved the living conditions of Southeast Nations. Local people loved Zheng He for what he had done, and addressed him as “Sanbao”. Many places are named after him, like Zamboanga City of the Philippines. Xianshu Pavilion is located in Fuzhou, Fujian province of China. It was constructed in honor of a Philippine merchant. A merchant named Chen Zhenlong in Luzon saw sweet potato in the Philippines, which is easy planting and nutritious. He secretly brought the plant of sweet potato to China although the Spanish governor forbade do so. The sweet potato was planted in Fujian afterward. Later, when a terrible famine happened, the sweet potato saved many lives. The local governor of Fujian then formulate the first book on sweet potato, and set up pavilions to remember merchant Chen Zhenlong and the local governor Jin Xuezeng In the ancient time, Chinese Zheng He did bring goods and skills to the Philippines, and sweet potato from the Philippines did save many lives in China, and left us all kinds of delicious food made from sweet potatoes.

The Philippines becoming the founding member of AIIB. The Initiative and the Philippines The Philippines becoming the founding member of AIIB. At present, the Senate hasn't ractified the entrance of Philippines into AIIB, neither has the Philippines finished the process of Paid-in Capital. If the whole process can’t be finished before the end of this year, the Philippines will lose the status of founding member.

PH Achievements and better vision Infrastructure State Visit III Achievements and better vision Infrastructure State Visit Industrial Zones PH Joint Statement Tourism Early Harvest

President Duterte' State Visit to China III Achievements and better vision President Duterte' State Visit to China

III Achievements and better vision China and Philippines issued a joint statement during the state visit of President Rodrigo Duterte to Beijing

III Achievements and better vision 1.Agreement on Economic and Technical Cooperation between the Government of the Republic of the Philippines and the Government of the People's Republic of China 2.Memorandum of Understanding between the National Economic and Development Authority of the Republic of the Philippines and the National Development and Reform Commission of the People's Republic of China for Developing Cooperation on Production Capacity and Investment 3.Memorandum of Understanding between the Department of Transportation and the Department of Public Works and Highways of the Republic of the Philippines and the National Development and Reform Commission of the People's Republic of China on Transportation Infrastructure Cooperation Project List

III Achievements and better vision 4.Memorandum of Understanding between the Department of Trade and Industry of the Republic of the Philippines and the Ministry of Commerce of the Government of the People's Republic of China on Strengthening Bilateral Trade, Investment and Economic Cooperation 5.Memorandum of Understanding between the National Economic and Development Authority of the Republic of the Philippines and the Ministry of Commerce of the People's Republic of China on Formulation of the Development Program for Economic Cooperation 6.Memorandum of Understanding between the Department of Finance of the Republic of the Philippines and the Ministry of Commerce of the People's Republic of China on Supporting the Conduct of Feasibility Studies for Major Projects 7.Action Plan on Agricultural Cooperation between the Department of Agriculture of the Republic of the Philippines and the Ministry of Agriculture of the People's Republic of China 2017-2019

III Achievements and better vision 8.Memorandum of Agreement between the State Council Information Office of the People's Republic of China and the Presidential Communications Operations Office of the Government of the Republic of the Philippines on News and Information Exchange, Training and for other Purposes 9.Memorandum of Understanding between the Department of Agriculture of the Republic of the Philippines and the General Administration of Quality Supervision Inspection and Quarantine of the People's Republic of China on Cooperation of Animal and Plant Inspection and Quarantine 10.Memorandum of Understanding between the Philippine Coast Guard and the China Coast Guard on the Establishment of a Joint Coast Guard Committee on Maritime Cooperation

III Achievements and better vision 11.Implementation Program of the Memorandum of Understanding on Tourism Cooperation between the Department of Tourism of the Republic of the Philippines and the National Tourism Administration of the People's Republic of China 2017-2022 12.Protocol on Cooperation between the Philippines Drug Enforcement Agency and the Narcotics Control Bureau of the Ministry of Public Security of the People's Republic of China; and 13.Memorandum of Understanding on Financing Cooperation between the Export-Import Bank of China and the Government of the Republic of the Philippines, represented by the Department of Finance

Achievements and better vision III Achievements and better vision Ministry of Commerce Ministry of Agriculture China Chamber of Commerce of Foodstuffs and Native Produce 100,000 tons of fruits,$10,000,000

III Achievements and better vision The Belt and Road Initiative will benefit the Philippines in terms of infrastructure, production capacity,etc.

III Achievements and better vision industrial park

III Achievements and better vision Chinese tourist: 50m→100m→200m

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