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Ambassador Yu Hong published "Jointly Promote Belt and Road Initiative for Beautiful Future of China-Brunei Relations" in Bruneian medias

On April 25, 2019, Ambassador Yu Hong published a signed article titled "Jointly Promote Belt and Road Initiative for Beautiful Future of China-Brunei Relations" in both Chinese and English mainstream medias in Brunei. The full text is as follows:

His Majesty Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah ibni Al-Marhum Sultan Haji Omar ‘Ali Saifuddien Sa’adul Khairi Waddien, Sultan and Yang Di-Pertuan of Brunei Darussalam, will attend the second Belt and Road Forum for International Cooperation (BRF) to be held on 25-27 April in Beijing, China. Representatives from over 100 countries and international organizations including about 40 heads of state and government and several heads of international organizations have confirmed their attendance. The theme of this year’s BRF is, Belt and Road Cooperation: Shaping a Brighter Shared Future. As the host country, China will, together with other parties, take stock of what has been achieved, draw a blueprint and enrich the vision for future cooperation. Priorities will be identified and cooperation mechanisms will be strengthened in order to make concrete progress toward quality cooperation with a goal to further enrich the Belt and Road Initiative (BRI) cooperation.

As a significant move China has taken to fully open itself, the BRI follows the sound principle of consultation and cooperation for shared benefits and has become the most welcomed global public good and the largest platform for international cooperation. Since the BRI proposed by President Xi Jinping in 2013, a total of 126 countries including Brunei Darussalam and 29 international organizations have signed BRI cooperation documents with China. The “circle of friends” of BRI has been growing ever bigger, which represents a commitment of the international community to multilateralism and an open global economy. The BRI focuses on development by enhancing all-round connectivity. It has helped countries concerned in their efforts to implement the UN 2030 Agenda for Sustainable Development and has helped to boost global growth. Within its framework, the BRI cooperation has created over 240,000 jobs, over US$80 billion of accumulated investments, more than US$2 billion tax revenues and over US$6000 billion of trade volumes. Promotion of the BRI will contribute at least an increase of 0.1 percentage point to the global economic growth in 2019. President Xi Jinping has emphasized that the BRI is China’s idea, but its opportunities and outcomes are going to benefit the world. The BRI has provided new opportunities for all parties to achieve common prosperity and will contribute to opening up more space for international economic cooperation, bringing more benefits to the well-being of people in various countries, constructing a community of shared future for mankind and building new type international relationship.

In recent years, China’s economy has maintained a medium-to-high speed of growth, ranking first among the world's top five economies in terms of growth rate. The economic fundamentals continue improving. China’s economic structure has been further optimized with consumption contributing 76.2% to last year’s economic growth. New drivers of economic growth are growing fast, the industrial structure is being upgraded and the quality of development is improving. China contributed nearly 30 percent to world economic growth in 2018 and has remained a major engine for the world economy for more than a decade. Its total volume of imports and exports has kept rising. The Chinese people have moved from a life of scarcity to abundance and from poverty to a well-off life. According to the current UN standard, China has successfully lifted over 700 million poor people out of poverty, accounting for more than 70 percent of the global poverty reduction population in the same period of time. During the “Two Sessions” (the session of the National People’s Congress and the session of the Chinese Political Consultative Conference) in March this year, China enacted a foreign investment law, which will better protect intellectual property rights and contribute to attracting foreign investment. The Two Sessions sent a clear signal to the world that China will further open up and promote high-quality economic development.

Brunei is China’s friendly neighbor across the sea as well as an important link along the ancient maritime Silk Road. The Chinese Government attaches great importance to the development of its relations with Brunei. Since the establishment of their diplomatic relations in 1991, China and Brunei have deepened political mutual trust, steadily advanced practical cooperation, supported and collaborated with each other on regional as well as international issues. China-Brunei trade volume increased by 86 percent last year. The growth speed is fastest among China and ASEAN countries. Hengyi PMB Petrochemical Project, the biggest Chinese investment in Brunei, is undergoing smoothly and will contribute to the diversification of Brunei’s economy. President Xi Jinping paid a state visit to Brunei last November, when the two heads of state upgraded the bilateral relations to the Strategic Cooperative Partnership and witnessed the signing of a cooperation MOU for Bilateral Plan on Jointly Promoting Cooperation within the Framework of the Belt and Road Initiative, which charts the course for the bilateral cooperation between the two countries.

As China is working for the “two centenary goals” of national development and Brunei is pursuing Wawasan 2035, China will continue to work with Brunei to enhance political mutual trust, strengthen development strategy docking, build well key cooperation projects, expand practical cooperation areas and explore new cooperation growth points. China and Brunei will work together within the BRI framework, I believe His Majesty the Sultan’s successful visit to China and attendance of the Forum in China, will further promote the BRI cooperation between our two countries, creating a better future for the two peoples and the development of our bilateral relations.

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