Li Keqiang: continue to explore the feasibility of establishing SCO Development Bank

category:Finance
 Li Keqiang: continue to explore the feasibility of establishing SCO Development Bank


Li Keqiang, premier of the State Council of the peoples Republic of China

Dear Prime Minister aleppov,

Its a great pleasure to meet with all the old and new friends in the beautiful Sun City - Tashkent and to attend the 18th meeting of the Council of prime ministers of the SCO member states. I would like to thank Uzbekistan, the host country, for its careful preparation and thoughtful arrangements for this meeting.

Since its establishment 18 years ago, the SCO has maintained a good momentum of development and achieved fruitful results in cooperation in security, economy, people to people and cultural exchanges. In particular, in the two years since the first enlargement of its membership, new and old member states have constantly explored the potential for cooperation and promoted the SCO to achieve new development at a new starting point. At the Bishkek summit in June this year, President Xi Jinping proposed that the SCO should become a model of solidarity, mutual trust, security and mutual benefit, mutual benefit and mutual benefit, and build a closer SCO community of destiny. We believe that no matter how the international situation changes, Member States will continue to carry forward the Shanghai spirit, resolutely abandon the old concepts of cold war thinking, zero sum game, civilization conflict, firmly advocate the concept of equality, openness, inclusiveness, mutual benefit and win-win cooperation, safeguard regional peace, stability, prosperity and development achievements, and move towards a more just and reasonable direction for promoting the international order Development makes its due contribution.

At present, the international situation is undergoing complex and profound changes, with an obvious increase in unstable and uncertain factors, a decrease in the growth momentum of the world economy, an increase in downward pressure, a downturn in Global trade and investment, growing protectionism, hot regional issues, terrorism and other non-traditional security threats. At the same time, we should also see that the general trend of peaceful development is irreversible, regional cooperation continues to advance in depth, a new round of scientific and technological revolution and industrial reform is booming, bringing development opportunities to emerging market countries and developing countries. Under the new situation, SCO member states should seize the opportunity decisively, enhance solidarity and mutual trust, enrich the connotation of cooperation, work together to meet the challenges, implement the consensus of the summit of heads of state, and push SCO cooperation forward towards high-quality development. Here, I would like to make a few suggestions.

First, we need to build security barriers and lay a solid foundation for development. A safe and stable regional environment is a major prerequisite for the development of all countries. In the face of endless threats and challenges, all parties should closely communicate and coordinate, strengthen mutual support, actively practice the new security concept of common, comprehensive, cooperative and sustainable, continuously consolidate the security cooperation advantages of the organization, work together to maintain regional stability and tranquility, and create a long-term and good external environment for the economic and social development of all countries.

We need to strengthen our foundation, constantly improve the legal basis for combating the three forces, continue to strengthen the construction of Regional Anti-Terrorism institutions, and actively study and establish the organizations drug control coordination mechanism. We should put prevention first, firmly implement the organizations Convention against extremism, jointly take measures to eliminate extremism, strengthen the prevention of the generation and spread of extremist ideas in the areas of education, publicity, poverty reduction, youth and other source areas, and eradicate the breeding ground for terrorism. We should keep pace with the times, continue to carry out joint counter-terrorism exercises and border defense operations, strengthen joint security of large-scale activities and projects, deepen cooperation in cybersecurity, and use high and new technologies to enrich and upgrade the means to combat terrorist activities. We should give full play to the role of the SCO Afghanistan contact group, support the efforts of the international community on the issue of peace and reconstruction in Afghanistan, and make joint contributions to Afghanistans security, stability and economic development.

Second, expand opening and accommodation, and expand development space. Economic globalization and regional economic integration are the general trend. Self complacency can only stagnate and backwardness, and beggar thy neighbor is bound to harm others and yourself. Only by adhering to multilateralism and free trade and opening up the door to cooperation, can we learn from each others strengths to make up for each others weaknesses and benefit from each other.

We need to safeguard the authority and effectiveness of WTO rules, support an open, inclusive, transparent, non discriminatory, rule-based multilateral trading system, take a clear stand against protectionism and jointly build an open world economy. We should open up a wide market, strengthen practical cooperation in various fields such as economy and trade, fully stimulate the vitality of regional economic cooperation, and withstand the downward pressure of the current world economy. We should firmly promote the liberalization and facilitation of intra regional trade and investment, speed up the free flow of production factors, optimize the distribution of industrial division among countries, and promote the deep integration of industrial chain, supply chain and value chain. We should give full play to the strong complementarity of the organizations national economy and continue to strengthen our joint efforts to build the one belt and one way initiative and the regional cooperation initiative and the development strategy of all countries. We will carry out the new framework of the multilateral economic and trade cooperation of the organization and further promote international cooperation in production capacity so as to achieve two-way win-win. China is actively building a China SCO demonstration zone for local economic and trade cooperation, giving full play to Qingdaos advantages in location, logistics and industry, and building a new platform for deepening local economic and trade cooperation among SCO countries. China will continue to follow the principles of enterprise oriented, government driven and market-oriented operation, encourage Chinese enterprises to cooperate with the countries of this organization, and hope that all parties will work together to create a fair, open and transparent business environment and safeguard the legitimate rights and interests of foreign investors.

The third is to improve the pattern of connectivity and smooth the path of high-quality development. The countries of the organization are connected by mountains and rivers, adjacent geographically, and have close economic, trade and personnel exchanges. Building a convenient and accessible transportation and logistics network and promoting all-round connectivity are conducive to reducing the circulation cost of various elements, breaking the bottleneck restricting development, and promoting the coordinated development and common prosperity of regional countries.

We should seize the leading role of the cooperation of facility connectivity, expand investment, strive to make new breakthroughs in the construction of transportation, energy, information and communication networks in the region, improve the level of facilitation through interconnection networks, and provide material support for reducing development costs. We need to speed up consultation to resolve the policies, rules, standards and other issues affecting connectivity, simplify customs procedures, eliminate administrative barriers, and create convenient conditions for the flow of goods to the world. We need to give full play to the role of the SCO Joint Committee on international road transport facilitation, continue to promote commercial road development planning, make good use of the cooperation mechanism of the railway departments of Member States, encourage the establishment of multimodal transport channels and international multimodal transport logistics centers, and provide more assistance to countries in expanding economic and trade cooperation. We need to activate the potential of the organizations cooperation mechanism in the field of modern information and telecommunications, deepen mutually beneficial cooperation in the field of information and communications, and let all countries share the dividend of information development. We need to give full play to the service supporting role of financial cooperation, actively use the multiple cooperative investment and financing mechanisms within the region, and continue to explore the feasible plans for establishing the SCO Development Bank, so as to jointly provide reliable financial support for regional connectivity projects.

Fourth, we need to cultivate innovative highlights and enhance new momentum for development. Innovation helps to create new economic growth points and accelerate industrial transformation and upgrading. We should vigorously implement the innovation driven development strategy, increase investment in scientific and technological research and innovation, strengthen innovation cooperation and achievement sharing, and let more countries and people become the direct beneficiaries of innovation and development dividends.

We should follow the development trend of digitalization, networking and intelligence, and jointly create an open, fair, just and non discriminatory environment for the application of new technologies, including 5g. Make good use of the Internet + platform to make products and services more in line with the needs of consumers and promote economic transformation and upgrading. China will work with all parties to build technology transfer centers of SCO member states to promote the sharing of scientific and technological information and the transformation and application of innovative achievements. China will implement the SCO youth entrepreneurship International Incubator project from next year to support youth innovation and entrepreneurship in various countries. China will hold the China SCO satellite navigation forum, continue to build the SCO agricultural technology exchange and training demonstration base in Shaanxi, and promote high and new technologies to better serve the economic and social development of the SCO countries. We should adhere to the concept of green development, advocate low-carbon, circular and sustainable production and life style, and jointly build a clean and beautiful world. China is willing to make good use of the SCO environmental protection information sharing platform, strengthen exchanges in the fields of environmental protection, energy conservation and emission reduction, and jointly promote the green and sustainable development of regional countries.

Fifth, adhere to people-oriented and share development achievements. The purpose of development is to promote the well-being of the people. SCO member states should work together to promote inclusive development and peoples livelihood improvement, strengthen people to people and cultural exchanges, learn from each other and learn from each other so that the results of cooperation can better benefit the people of countries in the region.

We should actively promote cooperation in education, health, environmental protection and other fields, so as to bring people of all countries a real sense of access. China is willing to work with all parties to run the SCO university well, and will hold such activities as the SCO national craftsman training school and staff skills competition in China, so as to help countries improve peoples education and employment level. China is willing to carry out poverty reduction training for SCO countries, share Chinas experience in poverty alleviation, and work with other countries to eradicate poverty. China is willing to actively carry out the healthy express international bright trip activity. In the next three years, China will implement 1000 cataract operations for Member States and observer states free of charge, and carry out exchanges and cooperation in the field of blindness prevention. China will hold the SCO Forum on traditional medicine in China in May next year to promote the exchange of traditional medicine and promote the health of people from all countries. All parties should also strengthen cooperation in culture, media, tourism, sports and other fields, regularly hold womens forums, Youth Exchange camps and other activities of the organization, so as to promote mutual understanding, mutual respect and trust among people of all countries, and make peoples friendship pass down from generation to generation.

Dear colleagues!

This year, we wish the 70th anniversary of the founding of the peoples Republic of China. In the past 70 years, China has not only made great achievements in its own development, but also brought broad development opportunities to all countries. Chinas contribution rate to world economic growth has remained at about 30% for many consecutive years, and it has become a major trading partner and an important export market of more than 130 countries and regions. The construction of the one belt and one way with high quality is an open and win-win cooperation, which has injected new impetus to the common development of the countries along the route. China is promoting a new round of high-level opening up, further expanding imports, lowering market access barriers, strictly protecting intellectual property rights, and creating a market-oriented, legal and international business environment. In a few days, the second China International Import Expo will be held in Shanghai. China is willing to expand the import of high-quality goods from SCO countries, and welcomes all parties to attend the Expo and share opportunities for open cooperation.

Dear colleagues!

Thank you.