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Fiscal expenditure will be increased on poverty relief, and private investment as well as people from all walks of life are all encouraged to join the battle against poverty, Xi said.
Fourth, we need to widen channels to address the financing issue. Since China and CEE countries have different legal frameworks, our collaborative projects may encounter some difficulties. China respects relevant EU standards. And we are ready to explore with the governments of the 16 CEE countries to open more channels and offer preferential policy support to major cooperation projects in a more flexible manner. We should fully leverage the 10 billion U.S. dollars special credit line, study the idea of setting up a 3 billion U.S. dollars investment fund, launch the second phase of China-CEEC investment cooperation fund, and discuss the possibility of a RMB fund for China-CEEC cooperation. The Bank of China, the Industrial and Commercial Bank of China and the China Development Bank have opened branches or representative offices in the CEE region. China supports cooperation with CEE countries in local currency swap, local currency settlement and financial regulation. We propose the setting up of a 16+1 multilateral financial company to reduce financing costs for our cooperation through financial leasing, trade financing, equity investment, PPP and other forms. When Chinese equipment and products are used, China is ready to provide preferential financing support. China's application to join the European Bank for Reconstruction and Development has been approved by its Board of Governors, and is waiting for the approval of its Board of Directors. The two sides are also discussing joint financing, through which CEEC companies can get more funding. China is ready to strengthen financing cooperation through this channel according to EU standards. In addition, the Asian Infrastructure Investment Bank (AIIB), the Silk Road Fund and other financial institutions may also provide support to our cooperation projects.
ederation of Industry and Commerce (ACFIC) and economist Justin Yifu Lin, representative of non-party personages, Xinhua learnt from the CPC Central Committee on Friday. Central leaders Li Keqiang, Yu Zhengsheng and Zhang Gaoli were also present.
BEIJING, Nov. 4 (Xinhua) -- The State Council, China's cabinet, unveiled a guideline for reforming management of the country's colossal state-owned assets on Wednesday.
来源：资阳报