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Apart from Beijing, the delegation will also visit Ningxia Hui Autonomous Region and Xinjiang Uygur Autonomous Region in northwest China in late November.

Now with frequent extreme weather and related natural disasters as well as the imminent sea-level rise, expectations are high that the Paris conference will reach a second legally-binding treaty to replace the Kyoto Protocol. Yet in the run-up to the conference, major differences remain, particularly on the principle of CDR. Accords and conventions reached previously agreed that rich countries should mobilize 100 billion U.S. dollars a year by 2020 to help developing countries fight climate change.

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.

A total of 17 bilateral business contracts and governmental accords in areas including trade and economy, science and technology, environmental protection and people-to-people exchanges, were signed at the witness of Li and Park after their talks.

Xinhua editor-in-chief He Ping said at the closing ceremony that the uNPRecedented event will become an open and pragmatic mechanism, under which more media cooperation will bear fruit.