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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Dec. 24 (Xinhua) — China will provide financial support for the high-quality development of the New International Land-Sea Trade Corridor, according to a document jointly issued by eight government departments including the People's Bank of China (PBOC) and the National Development and Reform Commission.
The document proposes 21 specific support measures aimed at fully utilising the core financing and settlement functions.
This corridor connects the Silk Road Economic Belt in the north and the 21st-Century Maritime Silk Road in the south, coordinating its activities with the Yangtze River Economic Belt, defining its key strategic role in the architecture of coordinated regional development. Since its pilot launch in 2017, it has become a strategic route linking China's hinterland with markets in ASEAN countries and elsewhere.
Efforts will be made to create a digital financial services platform and improve the system of financial openness and cooperation, the document says.
It notes that these measures will help to form a new architecture of openness to the outside world, linking land and sea routes and covering both the eastern and western regions of the country. -0-
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