Xinhua News Agency, Beijing, July 28. President Xi Jinping delivered a speech at the opening ceremony of the video conference of the Fifth Annual Meeting of the Asian Infrastructure Investment Bank on the 28th. Xi Jinping congratulated the meeting and positively commented on the continuous development and growth of the AIIB. He pointed out that the AIIB should become a new platform to promote the common development of members and build a community with a shared future for mankind. All members must focus on common development, be brave to innovate, create best practices, adhere to openness and tolerance, and build the AIIB into a new type of multilateral development bank that promotes common global development, a new type of development practice platform that advances with the times, and a new type of high-standard international development bank. Cooperation agencies and a new model of international multilateral cooperation. China has always supported and practiced multilateralism, and continued to support and run the Asian Infrastructure Investment Bank in a spirit of openness, cooperation, and win-win results, and make greater contributions to the international community in coping with risks and challenges and achieving common development.
In his speech, Xi Jinping emphasized that at the end of 2013, on behalf of China, I proposed to establish an Asian Infrastructure Investment Bank to promote infrastructure construction and interconnection in Asia, deepen regional cooperation and achieve common development. Over the past four years since its establishment, the AIIB has adhered to international, normative, and high standards, and achieved a good start. From the initial 57 founding members to today's 102 members from six continents, the circle of friends is growing and good partners. More and more, the quality of cooperation is getting higher and higher, showing a brand-new image of a professional, efficient, and clean new multilateral development bank.
Xi Jinping pointed out that the practice of the global fight against the new crown pneumonia epidemic shows that mankind is a community of shared destiny sharing weal and woe, and only mutual support, solidarity and cooperation is the right way to overcome the crisis. To resolve the contradictions in the process of economic globalization, countries should strive to form more inclusive global governance, more effective multilateral mechanisms, and more active regional cooperation. The AIIB should become a new platform for promoting the common development of its members and building a community with a shared future for mankind.
The first is to focus on common development and build the AIIB into a new type of multilateral development bank that promotes common global development. The AIIB should be committed to serving the development needs of all its members and providing more high-quality, low-cost, and sustainable infrastructure investment. It should support both traditional infrastructure and new infrastructure to promote economic and social development in Asia and other regions. Provide new impetus.
The second is to have the courage to innovate and build the AIIB into a new development and practice platform that keeps pace with the times. The AIIB should innovate in development concepts, business models, and institutional governance, promote interconnection, promote green development, and support technological progress through flexible and diverse development financing products.
The third is to create best practices to build the AIIB into a high-standard new type of international cooperation organization. The AIIB must organically combine compliance with internationally accepted standards and respect for the laws of universal development with adaptation to the actual needs of each member’s own development, and create best practices in international development cooperation.
The fourth is to persist in openness and tolerance, and build the AIIB into a new model of international multilateral cooperation. We must adhere to the principle of extensive consultation, joint contribution and shared benefits, conform to the adjustment and evolution of the world economy, cooperate with more development partners, promote regional economic integration, and promote economic globalization toward a more open, inclusive, inclusive, balanced, and win-win situation. Direction development.
Xi Jinping finally emphasized that China has always supported multilateralism, practiced multilateralism, and pursued common development with all countries in the world in the spirit of openness, cooperation, and win-win. China will continue to work with all members to support the AIIB, run the AIIB, and make greater contributions to the international community in responding to risks and challenges and achieving common development.