Belt & Road Info: China's investment to Belt and Road countries exceeds 50 bln USD: official
7 Mar 2017

Director of the National Development and Reform Commission (NDRC) He Lifeng answers questions during a press conference on China's economic and social development and macro-economic control for the fifth session of the 12th National People's Congress in Beijing, capital of China, March 6, 2017. (Xinhua/Zhao Yingquan)


BEIJING, March 6 (Xinhua) -- China has invested more than 50 billion U.S. dollars in countries along the Belt and Road since the nation proposed the initiative in 2013, a senior economic official said on Monday.


The Belt and Road Initiative has won support from over 100 countries and international organizations, with nearly 50 cooperation agreements signed between governments, said He Lifeng, head of the National Development and Reform Commission, at a press conference on the sidelines of the annual parliamentary session.


He said progress under the initiative was "better than expected."


The initiative was proposed by China in the hope of creating a trade and infrastructure network connecting Asia with Europe and Africa along ancient trade routes.


In the spirit of regional connectivity, China is working in aviation, power, rail, road and telecommunications projects with participating countries.


To further strengthen cooperation, China will host a high-level forum on the Belt and Road Initiative in Beijing in May.


Mr. HE Lifeng said, in May this year, the “Belt and Road” International Cooperation Summit will be held in Beijing, including the Opening Ceremony, Round Tables and High-level Meetings. Also, the National Development and Reform Commission will lead the high-level meetings of the Summit. The high-level meetings are also known as “1+6”: “1” refers to the main conference, “6” includes 6 parallel sessions, i.e. connectivities on policy making, infrastructures, finance, trade, and peoples, and an additional meeting of the Think Tank.