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Burkina Faso's first time participating in the forum is of great importance for the development of China's relations with not only Burkina Faso but also Africa, said Xi, adding that China highly appreciates Kabore's political determination to resume diplomatic ties with China.
The two countries enjoy a potential to increase their annual trade to 10 billion U.S. dollars and push forward bilateral cooperation in agriculture, construction, infrastructure, energy and other sectors, the prime minister said.
Of the top 500 private companies, 61 firms saw their total assets surpass 100 billion yuan last year, 11 more than in 2016.
"Efforts will be made to better the business environment, including measures that cut red tape and reduce taxes to stimulate the market," Li said. "The potential of domestic demand will be further unleashed, and targeted policies will be rolled out to tackle problems that plague the real economy."
Industrial capacity cooperation requires strong investment and financing support. Chinese investment stock in SCO member states has reached 84.6 billion U.S. dollars, much of which has been channeled to projects in this area. To ensure adequate funding support for industrial capacity cooperation projects in the region, we also need to make the best use of financing platforms such as the Asian Infrastructure Investment Bank, the Silk Road Fund, SCO Interbank Consortium and China-Eurasia Economic Cooperation Fund. Meanwhile, we may continue our discussions at the expert level to explore a feasible plan for setting up an SCO development bank, with the specific aim of providing reliable financial services for practical cooperation among SCO member states.