XI Chinfing visited NAV Vikas Bank

Beijing, April 29 (IANS). Chinese President Xi Chinfing visited NAV Vikas Bank in Shanghai on Tuesday morning and met the director -general of the Bank Dilma Rosaf. Xi Chinfing said the new development bank is the first multilateral development bank to establish and work through the new market countries and developing countries, the creative actions of joint empowerment of the global south. It is the golden brand of new power and global South cooperation in the international financial system. Xi emphasized that Groot Brics cooperation has entered the phase of quality development. The new development bank must begin the second gold decade of quality development. The new development bank must follow its initial aspiration and provide more high quality and low costs and continuous funding in the basic installation sector according to the demand for global South development. As the host country, China will be developing the new development bank as previously supported and wants to strengthen the cooperation of projects. Xi said that the collective rise of the global south is increasing. It is an important power to protect world peace, increase equal development and make global rule complete. China’s development depends on confidence and effort. China will protect its valid rights and equal interests of the international community. Rosaf has long thanked China for the support given to Nav Development Bank. He said that unanimity and protectionism ruined the reputation of international law and damaged the stability of a commercial chain and supply chain. (Sincerely- China Media Group, Beijing) -Ins ABM/ Share these Story Tags