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LIMITING DPRK NUCLEAR PROGRAM

Yu made the remarks at the end of a senior political advisors' meeting, which adopted the agenda and schedule for the annual session of the Chinese People's Political Consultative Conference (CPPCC) National Committee, which will open on Thursday.

7) The pace to create a new pattern of opening up was accelerated. Guidelines on building new systems for an open economy were issued and implemented. The Vision and Action Plan for Jointly Building the Silk Road Economic Belt and the 21st Century Maritime Silk Road (the Belt and Road) was officially published, and progress was achieved in the development of six economic corridors and six channels for communications and distribution with key countries and ports serving as connection hubs*. Direct investments totaling US$ 14.8 billion were made to the countries involved in the Belt and Road Initiative, an increase of 18.2% over the previous year. The guidelines on international cooperation on industrial capacity and equipment manufacturing were released and implemented, and breakthroughs were made in China's rail transit technology and nuclear power "going global" . The Asian Infrastructure Investment Bank was officially established and the Silk Road Fund was put into operation. Guidelines relating to certain policies and measures supporting the development and opening up of major border areas were published. As a result of implementing the revised Catalog for the Guidance of Industries for Foreign Investment, the number of industries in which foreign investment is restricted was cut by 50%, the number of industries in which the amount of foreign investment is limited was reduced by 40%, and over 95% of all foreign investment projects are now only required to be placed on record with relevant authorities. The model for managing foreign debt was transformed so that foreign debt needs only to be registered instead of reviewed and approved. An additional three pilot free trade zones were established in Guangdong, Tianjin, and Fujian, and the China (Shanghai) Pilot Free Trade Zone was extended in area. Free trade agreements with the Republic of Korea (RoK) and Australia were signed respectively, as was the Protocol to Amend the Framework Agreement on Comprehensive Economic Cooperation between ASEAN and the People's Republic of China. Non-financial foreign direct investment totaled US$ 126.3 billion, a year-on-year increase of 5.6%, of which the service sector accounted for over 60%. Non-financial outward direct investment amounted to US$ 118 billion, an increase of 14.7%.

He made the remarks while presiding over the 21st meeting of the Central Leading Group for Overall Reform.

Yang spoke with visiting OAS secretary-general Luis Almagro in Beijing about how bilateral cooperation can benefit relations between China and the American states, especially Latin American and Caribbean countries.