Diplomatic idioms丨With regard to the development of the AIIB, where are the new proposals of President Xi's "four new" proposals?
On 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.
A new type of multilateral development bank, a new type of development practice platform, a new type of international cooperation organization, a new model of international multilateral cooperation-in a speech of more than 1,000 words, President Xi Jinping expressed his expectations for the future development of the AIIB with four "new" words.
On July 28, 2020, 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. Photo by Xinhua News Agency reporter Ju Peng
"At the end of 2013, on behalf of China, I proposed to establish the Asian Infrastructure Investment Bank to promote infrastructure construction and interconnection in Asia, deepen regional cooperation and achieve common development." President Xi Jinping’s words reminded people of this first initiative initiated by China. The growth history of established multilateral financial institutions.
Initiating the establishment of the Asian Infrastructure Investment Bank is an important initiative for China to actively participate in and support the global economic governance system. It was proposed to be established in 2013, established at the end of 2015, and officially opened in January 2016... In just a few years, the AIIB has expanded its capacity many times and its members have "broken 100". It has provided nearly US$20 billion in infrastructure investment for its members, becoming a multilateral An important member of the development system. The AIIB has always maintained the highest credit rating given by the three major international credit rating agencies-Standard & Poor's, Moody's and Fitch, and maintained a stable rating outlook.
On January 16, 2016, the opening ceremony of the Asian Infrastructure Investment Bank was held in Beijing. Photo by Xinhua News Agency reporter Lan Hongguang
People still remember that in January 2016, at the opening ceremony of the AIIB, President Xi Jinping used the phrase "Where there is aspiration, everything will come true", expressing China's sincere desire to create a future with the world. Four years later, President Xi Jinping once again provided guidance for the development of the AIIB.
Looking at its own development, the AIIB has gone through the initial stage of hand in hand and started to move forward steadily. Looking at the international situation, the world today is facing major changes unseen in a century. The impact of the new crown pneumonia epidemic has given people a deeper understanding of the "community of destiny." As an important multilateral cooperation platform, how does the AIIB move forward?
President Xi Jinping put forward four "new" expectations:
——Focus on common development and build the AIIB into a new type of multilateral development bank that promotes common global development;
——Be brave to pioneer and innovate, and build the AIIB into a new development practice platform that keeps pace with the times;
——Creating best practices and turning the AIIB into a high-standard new type of international cooperation organization;
-Persist in openness and tolerance, and build the AIIB into a new model of international multilateral cooperation.
Based on the current and long-term perspective; focus on the region and the world; both focus on oneself and promote the improvement of the international system... President Xi Jinping elaborated from the perspective of advocating multilateralism, promoting the common development of members, and building a community with a shared future for mankind Expectations for the future development of the AIIB are of great practical significance for promoting the continuous development and growth of the AIIB, adhering to multilateralism, promoting regional cooperation, and improving the global economic governance system.
"Provide more high-quality, low-cost, sustainable infrastructure investment", "support both traditional infrastructure and new infrastructure", "innovative development concepts, business models, and institutional governance"... President Xi Jinping also proposed pragmatic It is recommended to inject new impetus into promoting the development of the AIIB to benefit all members.
"The AIIB should become a new platform to promote the common development of its members and build a community with a shared future for mankind." The words show President Xi Jinping's ardent expectation for the AIIB to "live up to its mission, up to the times, and uphold the trust".
In 2018, Padmabari Village in Dhaka Prefecture, Bangladesh, achieved electricity access with the support of the first batch of project funds from the AIIB, ending the village's history of no electricity since Bangladesh became independent in 1971. This is an electric meter taken in Padma Barry Village. Photo by Xinhua News Agency reporter Liu Chuntao
The AIIB is an organization that pursues multilateralism. It already has 102 members across six continents. During the current annual meeting, it absorbed the 103rd new member. Facts have proved that advocating and practicing multilateralism is not only China's choice, but also the universal consensus and desire of the international community.
When the epidemic is raging, the AIIB has established an emergency fund to support members to respond to the epidemic and restore the economy. This is evident in the action. As of July this year, many countries affected by the epidemic, such as Pakistan and the Philippines, have received emergency financing. After this epidemic, the concept of "community with a shared future" has been further refined and sublimated in the AIIB family.
"Innovation to seek the future" "Should follow the trend and change in response to the situation" "Promote economic globalization towards a more open, inclusive, inclusive, balanced, and win-win direction"... A series of propositions put forward by President Xi Jinping , Highlighting China's responsibility and responsibility as the largest shareholder and responsible power of the AIIB.
On October 24, 2019, the Asian Infrastructure Investment Bank Headquarters Building and Asia Finance Building were completed. The building is located in the central area of Beijing Olympic Park. It adopts an all-steel structure system with a construction area of 390,000 square meters and consists of 5 office buildings. Published by Xinhua News Agency (photo by Ren Chao)
Looking to the future, President Xi Jinping firmly promised:
——China always supports multilateralism, practices multilateralism, and seeks common development with other countries in the world in the spirit of openness, cooperation and win-win;
——China will continue to work with all members to support the Asian Infrastructure Investment Bank, run the Asian Infrastructure Investment Bank, and make greater contributions to the international community in coping with risks and challenges and achieving common development...
Producer: Liu Hua
Coordinator: Du Yu
Text: Sun Yi, Wang Bin
Produced by Xinhua News Agency