Speech by Ambassador Chen Xu at the Opening Ceremony of CCB Amsterdam Branch
Chairman Guo You,
Mayor Eberhard van der Laan,
Mr. Wim Kok,
Commissioner Jeroen Nijland,
Ladies and Gentlemen,
Good evening. It's a great pleasure for me to attend the Opening Ceremony of China Construction Bank Amsterdam Branch. On behalf of the Chinese Embassy in the Netherlands, I would like to warmly congratulate China Construction Bank on opening its first branch in the Netherlands.
In my opinion, opening of CCB's Amsterdam branch is a right move by a right partner in a right place at a good time. China Construction Bank is one of the largest and most important banks in China. Since its foundation more than 60 years ago, CCB has constantly expanded and improved its service, and has become a comprehensive financial service provider with a global significance. The new Amsterdam branch will enable CCB to better serve its customers in the Netherlands, and contribute to economic cooperation between our two countries.
The Netherlands is the right place, because the country boasts friendly investment environment, and advocates open market and fair competition. The Dutch financial sector is also well-positioned. The country has modern legislation for financial sector oversight, its professional population is well-educated, highly trained, and internationally oriented, and the city of Amsterdam is a major financial hub in Europe. I have no doubt that CCB's Amsterdam branch will enjoy sound business development in the Netherlands.
Now is also a good time, because China is further pushing forward opening up, and is ever more closely linked with countries all over the world, including the Netherlands. In recent years, China proposed the development framework of "One Belt, One Road", which focuses on building connectivity and cooperation among countries in Asia and Europe. China's proposal of establishing the Asia Infrastructure Investment Bank has won widespread support. Yesterday in Beijing, representatives from over 50 countries, including the Netherlands, signed the Articles of Agreement on AIIB. It is expected that by the end of this year, the AIIB will be formally established and start operation.
The AIIB is just one example of the close cooperation China and the Netherlands have enjoyed in recent years. We have witnessed frequent high level visits, booming economic cooperation, and dynamic cultural exchanges. Just a few weeks ago, Dutch Foreign Minister Koenders visited China, and exchanged views with his Chinese counterpart on various issues of mutual interests, including climate change. Both sides agreed to step up international cooperation in fighting climate change based upon the principle of common but differentiated responsibility.
Today, China submitted its intended nationally determined contribution to the secretariat of the United Nations Framework Convention on Climate Change. We are determined to lower carbon dioxide emissions per unit of GDP by 40 to 45 percent from 2005 level before 2020, and by 60 to 65 percent before 2030; to increase the share of non-fossil fuel in primary energy consumption to about 15% by 2020 and to around 20% by 2030; to increase the forest stock volume by 1.3 billion cubic meters from 2005 level before 2020, and by around 4.5 billion cubic meters before 2030. Last but not the least, we will make every effort to achieve the peaking of carbon dioxide emissions around 2030 and do our utmost to peak early.
China's targets are serious and responsible, and represent our best efforts on climate change. China will do its very best to realize these targets, and we are also willing to strengthen coordination and cooperation with other countries, including the Netherlands, and work together to make the Paris Conference a great success at the end of this year.
Apart from climate change, another important area that China and the Netherlands can work together is international cooperation on production capacity. China's economy has entered into a new stage where it is now in a position to tap into its emerging comparative advantages. After decades of development, China has now grown into one of the world's major industrial powers and lies in the middle of the global manufacturing chain. A large number of industries in China are advanced in technologies and operate at modest cost. These industries are, therefore, more fitting to the needs and absorption capacities of developing countries.
More importantly, for our cooperation partners, international cooperation on production capacity can meet their development demands and bring them huge benefits. What China offers is not outdated or obsolete industries, rather its superior, advanced and green production capacities like clean and neat factories, advanced and user-friendly equipments, fast and safe trains, wide and flat roads. This is what many developing countries would like to have in their pursuit of industrialization. Building infrastructure helps improve connectivity and solve bottleneck problems in areas of transportation, energy and communications. Developing large-scale and high-efficient industrial projects helps attract foreign investment, boost demand and create jobs.
China is ready to exploit tripartite cooperation with a view to combining the manufacturing advantages of China, the advanced technologies and knowhow of developed countries, including the Netherlands, and the infrastructure needs of developing countries. We believe such cooperation will be a win-for-all, and will bring boundless opportunities for both Chinese and Dutch companies.
China Construction bank is well equipped with resources, expertise and pioneering spirits. I am confident that CCB Amsterdam branch will be able to play an important role in promoting bilateral cooperation between China and the Netherlands in the above-mentioned areas. The Chinese Embassy in the Netherlands is always ready to act as a bridge between the Netherlands and China, and to promote cooperation between Dutch and Chinese companies. Whenever you need any assistance, please don't hesitate to come to us.
To conclude, I would like to congratulate CCB again, and sincerely wish the business of CCB's Amsterdam branch could prosper and bilateral economic cooperation between the Netherlands and China could prosper. I would like to wish everyone enjoy this evening.
of the People's Republic of China in the Kingdom of the Netherlands All
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