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Xiao Yaqing Meets with World Bank Former President Jim Yong Kim

Updated: 2019-04-08

Xiao Yaqing, Chairman of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), met with Jim Yong Kim, the 12th President of the World Bank and a partner at Global Infrastructure Partners (GIP), in Beijing on April 1.

They exchanged ideas on jointly building the Belt and Road and deepening cooperation between Chinese central SOEs and GIP.

The Belt and Road Initiative has gained positive responses from more and more countries and international organizations and is becoming a large platform for corporate cooperation since it was proposed, according to Xiao.

He went on to say that SASAC encourages Chinese central SOEs to adhere to openness, cooperation and win-win results, follow the market-oriented principle and expand cooperation with enterprises of all types of ownership including GIP to contribute to the building of the Belt and Road construction.

Jim briefed Xiao on GIP's investment and operations in infrastructure, adding that the Belt and Road Initiative is conducive to promoting the development of countries involved and that GIP will deepen cooperation with Chinese central SOEs to realize complementary advantages, mutual benefit and win-win outcomes.



(Executive editor: Hao Wen)

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