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In a statement on its website, the National Development and Reform Commission (NDRC) warned that the government will record and tally instances of laws and regulations being broken in China or abroad [url=http://www.cheapnbakingsshop.com/justin-jackson-jersey/]Cheap Justin Jackson Jersey[/url] , and offenders would be punished.

The plan, jointly issued by 28 government departments, is part of efforts to regulate firms’ overseas investments and business activities as China’s influence in the global economy grows, especially through its Belt and Road Initiative.

In addition to illegal activities [url=http://www.cheapnbakingsshop.com/buddy-hield-jersey/]Cheap Buddy Hield Jersey[/url] , the guidelines specifically say actions that “violate international conventions and resolutions of the United Nations, or that disrupt foreign economic cooperation, adversely impact the Belt and Road Initiative, or harm China’s reputation” will be recorded.

The guidelines also focus on monitoring cross-border capital flows by insisting overseas deals are reasonable and disclosures are accurate.

China started to clamp down on capital outflows last year after its foreign currency reserves fell by nearly US$1 trillion. In August [url=http://www.cheapnbakingsshop.com/malachi-richardson-jersey/]Cheap Malachi Richardson Jersey[/url] , the government laid out rules restricting investments in property, hotel, film, entertainment and sports. But the government also encouraged companies to support the nation’s Belt and Road Initiative.

Companies or individuals that break rules will be penalized in various ways. Authorities could reject their applications for overseas investments and foreign exchange purchases [url=http://www.cheapnbakingsshop.com/harry-giles-jersey/]Cheap Harry Giles Jersey[/url] , restrict access to government subsidies and refuse to sell State land, the NDRC said.

Records of infractions will be available publicly through the government’s website www.creditchina.gov, the notice said. No timetable for implementing the system was given.

Authorities responsible for vetting applications to set up banks or acquire stakes in financial firms will be able to refer to the records before granting approval.

China’s non-financial outbound direct investment from January to October fell 40.9 percent year on year to US$86.31 billion, according to the Ministry of Commerce.(Shenzhen Daily-Agencies)

by Ronald Njoroge

NAIROBI Dec. 3 (Xinhua) -- The China-proposed Belt and Road Initiative will assist partner countries to achieve the Sustainable Development Goals (SDGs) [url=http://www.cheapnbakingsshop.com/vince-carter-jersey/]Cheap Vince Carter Jersey[/url] , a United Nations official said on Sunday.

Jamil Ahmad, head of intergovernmental affairs at the UN Environment Program (UNEP), told Xinhua in Nairobi that the Silk Road Economic Belt and the 21st-Century Maritime Silk Road initiative and the SDGs are complimentary.

"The Belt and Road Initiative provides a good example on how to begin implementation work for the SDGs whose aim is to improve the lives of all citizens of the world," Ahmad said.

"The SDGs are exactly talking about the types of development that have been identified in the projects of the Belt and Road Initiative [url=http://www.cheapnbakingsshop.com/georgios-papagiannis-jersey/]Cheap Georgios Papagiannis Jersey[/url] ," he said during a forum on greening China's Belt and Road Initiative, which is part of the UN Science Policy Business Forum on the Environment.

The initiative, comprising the overland Silk Road Economic Belt and the 21st-Century Maritime Silk Road, aims to build a trade [url=http://www.cheapnbakingsshop.com/skal-labissiere-jersey/]Cheap Skal Labissiere Jersey[/url] , investment and infrastructure network connecting Asia with Europe and Africa along and beyond the ancient Silk Road trade routes.

Ahmad noted that both the Belt and Road Initiative and the SDGs focus on five pillars which will improve the quality of lives of global citizens.

He noted that the Belt and Road Initiative is an enormous project and so various UN agencies are working toward greater and broader partnerships with the Chinese government and partner countries to ensure successful implementation of the project.

The UN Environment Program's role will be to ensure that environmental sustainability is incorporated into all aspects of the projects and programs, he said.

Ahmad said that the very basis of the Silk Road Economic Belt is to promote partnerships among governments and the private sector.

UNEP has signed a memorandum of understanding with the Chinese government to provide expertise on green economy and financing for sustainable development for projects on the Belt and Road Initiative.

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