Cooperation in the Belt and Road Initiative (BRI) stands on the principle of consultation, contribution, and shared benefits, and is widely recognised at the Belt and Road CEO Conference under the Second Belt & Road Forum for International Cooperation at Beijing.

The First CEO Conference at the Second Belt and Road Forum for International Cooperation from April 25 to 27 was jointly held by the China Council for the Promotion of International Trade (CCPIT), All-China Federation of Industry and Commerce (ACFIC) and State-owned Assets Supervision and Administration of Commission Council (SASAC) with more than 900 participants from companies, governments and business organisations in 88 countries and international organisations.

As the proposer of the Belt and Road Initiative (BRI), China will spare no efforts to build a fair, legal, international and convenient environment for global business, said Gao Yunlong, vice chairman of the national committee of the Chinese People’s Political Consultative Conference (CPPCC) and Chairman of the ACFIC at the plenary session, hoping that the principles of the BRI, namely consultation, contribution and shared benefits, can be accepted by more countries.

Until now, central SOEs have participated in over 3,120 BRI projects with local employees accounting for over 85 percent of the whole staff at their overseas branches, Xiao Yaqing, chairman of SASAC said, indicating that more and more people worldwide are benefiting from the BRI.

He also mentioned that Punta Sierra, the first Chinese-financed wind farm in Chile, is invested in by China’s state energy giant State Power Investment Corporation (SPIC) and could reduce greenhouse emissions every year by 114,000 tonnes.

China’s private sector has driven the BRI construction, as the total value of imports and exports between Chinese private companies and BRI countries in 2018 exceeded 600 billion U.S. dollars.

More than 170 pieces of inter-governmental cooperation documents have been signed with 124 countries and 29 international organisations since the launching of the BRI.

Gao Yan, Chairperson of CCPIT; Arancha Gonzalez, Executive Director of the International Trade Center; and Eleni Kounalakis, Lieutenant Governor of State of California, among other guests also attended the Plenary Session.

The CEO Conference is a warm-up for the three-day meeting, during which Chinese President Xi Jinping will make a keynote speech on April 26.