1. LINE

      Text:AAAPrint
      Economy

      Belt and Road Initiative props Chinese economy

      1
      2015-07-13 17:08Xinhua Editor: Gu Liping

      China's exports and investment along the Belt and Road, a China-proposed trade and infrastructure network, increased steadily in the first half of 2015 as the country strengthened economic ties with the region.

      China's foreign trade posted a lackluster performance in the first half (H1) of the year, with total foreign trade dropping 6.9 percent year on year to 11.53 trillion yuan (1.89 trillion U.S. dollars) in the first six months of 2015, according to data released by the Central Administration of Customs (CAC) on Monday.

      During the Jan.-June period, exports rose slightly by 0.9 percent from a year ago to 6.57 trillion yuan as trade with emerging markets along the Belt and Road Initiative appeared robust.

      Bilateral trade with countries along the Belt and Road initiative reached close to three trillion yuan, about one fourth of the total trade volume.

      Exports to ASEAN and Africa rose 9.5 percent and 12.9 percent respectively year on year,and exports to Bangladesh, Pakistan and Egypt all rose by more than 17 percent year on year.

      The China-initiated Belt and Road Initiative, more than one hundred days after its official release, helped reinvigorate the slowing domestic economy by further opening up the less developed western regions.

      A cargo ship with one hundred thousand German-made water purifying bottles took 14 days to travel from Germany to the western Chinese Chongqing Municipality, crossing Poland, Belarus, Russia, Kazakhstan and Xinjiang along the Eurasia International Railway last month, a key transportation project of the Belt and Road Initiative.

      It was the first time domestic cross-border e-commerce vendors transported goods back to China via an international railway.

      "It saves us both time and money, " said Liu Rong, an e-commerce vendor.

      He saved almost one month in shipping time, with only one fourth of the price of air freight, he said.

      Thanks to the better connectivity via the Belt and Road Initiative, Chongqing's GDP growth in the first quarter topped other provincial regions by reaching 10.7 percent and fixed assets investment growth in the first five months reached 17.5 percent.

      Guizhou, another western province, outperformed other regions in fixed assets investment growth in the first five months, reaching 23 percent due to an increase of infrastructure development projects.

      In addition to rapid growth of infrastructure and trade, the Belt and Road Initiative also pushed western regions to upgrade their industries and products to cater to the specific demands of overseas markets.

      "The Belt and Road Initiative will help Chinese enterprises move up the global industrial value chain by producing and exporting more high-end products, capital and technologies," said Li Tong, CEO of BOC International, a securities trader.

      China will further cooperate with counterparts along the initiative to promote regional infrastructure and trade connectivity to boost regional economy, according to Huang Songping, CAC spokesperson.

      The Belt and Road initiative refers to the Silk Road Economic Belt and the 21st Century Maritime Silk Road and was proposed in 2013 with the goal of reviving ancient trade routes between Asia and Europe. The network passes through more than 60 countries and regions, with a total population of 4.4 billion.

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 97无码人妻福利免费公开在线视频| 亚洲视频.com| 亚洲乱理伦片在线观看中字| 免费A级毛片无码A∨中文字幕下载| 成人无码区免费视频观看 | 国产网站免费观看| 精品日韩99亚洲的在线发布| 亚洲免费观看在线视频| 337p日本欧洲亚洲大胆精品555588 | 九九全国免费视频| 亚洲精品无码激情AV| 一级白嫩美女毛片免费| 亚洲综合图色40p| 伊人久久综在合线亚洲2019| 日本视频在线观看永久免费| 亚洲精品天天影视综合网| 18女人腿打开无遮掩免费| 最新69国产成人精品免费视频动漫| 2017亚洲男人天堂一| 毛片免费在线观看| 97亚洲熟妇自偷自拍另类图片 | 久久亚洲sm情趣捆绑调教| 18勿入网站免费永久| 精品亚洲av无码一区二区柚蜜| av无码东京热亚洲男人的天堂| a级成人毛片免费图片| 亚洲色欲www综合网| 日本高清免费不卡在线| 国产精品免费久久久久电影网| 久久青草亚洲AV无码麻豆| 国产大片线上免费观看| 菠萝菠萝蜜在线免费视频| 亚洲AV无码一区二区二三区软件 | 久久久久国产成人精品亚洲午夜| 亚洲一区二区在线视频| 久久永久免费人妻精品下载| 亚洲国产系列一区二区三区| 亚洲精品成人在线| 99爱在线精品免费观看| 无套内射无矿码免费看黄| 亚洲精品福利视频|