1. LINE

      Text:AAAPrint
      Voices

      Belt & Road Initiative shores up China-Mideast cooperation

      1
      2016-01-24 08:06Xinhua Editor: Wang Fan

      The Belt and Road Initiative is conducive to promoting connectivity and expanding trade cooperation between China and Middle East countries, experts have said. [Special coverage]

      The Belt and Road Initiative was a hot topic during Chinese President Xi Jinping's visit to Saudi Arabia, Egypt and Iran from Jan. 19 to 23.

      Proposed by Xi in 2013, the initiative comprises both the Silk Road Economic Belt and the 21st Century Maritime Silk Road, with visions to connect Asian, European and African countries more closely and promote mutually beneficial cooperation.

      The Belt and Road routes run through the continents of Asia, Europe and Africa, connecting the vibrant East Asia economic circle at one end and developed European economic circle at the other.

      INFRASTRUCTURE IS PRIORITY

      "Connectivity is the artery of the thousand-mile land and maritime silk roads. To build connectivity with Middle East countries, China should start with transportation infrastructure," said Zhang Shuyu, a researcher with the University of International Business and Economics.

      Zhang highlighted both the necessity and compatibility of cooperation between China and the Middle East in transportation infrastructure, noting that trade cannot be smooth without convenient transportation.

      China has a strong competitive edge in areas such as railways, electricity, telecommunications, mechanical engineering, metallurgy and construction materials, which are needed by the Middle East.

      China committed 40 billion U.S. dollars to establishing a Silk Road Fund in 2014 to support cooperation projects in countries along the Belt and Road.

      Infrastructure construction is important, but it is only part of the larger "1+2+3" cooperation framework, a cooperation plan proposed by Xi in 2014 at a ministerial conference of the China-Arab States Cooperation Forum in Beijing.

      In the framework, "one" refers to energy cooperation as the main axis; "two" stands for infrastructure construction and trade and investment facilitation; "three" refers to breakthroughs that need to be made in the high-tech areas of nuclear energy, aerospace satellites and new energy.

      Six Arab states, including Saudi Arabia, have inked agreements with China under the framework.

      China Railway Group Limited announced Friday in a statement that the company, jointly with China's AVIC International, sealed a 1.5-billion-U.S. dollar contract on railway construction with Egypt.

      Majidreza Hariri, vice president of the Iran-China Chamber of Commerce and Industries, said Chinese companies are welcome to participate in the development of Iran's infrastructure damaged during war times.

      HUGE TRADE POTENTIAL

      "With the construction and development of infrastructure, ... the two nations (China and Iran) have paved the way for greater links along the Silk Road Economic Belt," said Sadegh Akbari, general director of the Organization for Investment Economic and Technical Assistance of Iran, in an article on China Daily on Saturday.

      China promised to encourage its companies to import more non-petroleum products from Middle East nations to improve the trade mix and raise the two-way trade volume from 240 billion U.S. dollars in 2013 to 600 billion U.S. dollars in the coming decade.

      So far, China has remained Iran's biggest trading partner for six years in a row and is the second largest trade partner of Saudi Arabia.

      Though the plunge in oil prices dragged down China's trade with Iran and Saudi Arabia in 2015, growth potential remains to be exploited, Ministry of Commerce spokesperson Shen Danyang said on Wednesday.

      Saudi Arabia is the top source of crude oil for China. Iran, also a big oil exporter, contributed 8 percent of China's total crude oil imports in the first 11 months of last year.

      China's trade with Egypt remained strong in 2015. In the first 11 months, exports to Egypt rose 12.2 percent to 10.75 billion U.S dollars, while total trade volume grew 10.4 percent to 11.64 billion.

      China also encouraged its companies to invest in such fields as energy, petrochemicals, agriculture, manufacturing and services of Middle East countries.

      Hariri said that the oil, gas and petrochemical industries are the first that come to mind for investment and economic cooperation between China and Iran.

        

      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: 99久9在线|免费| 日韩成人免费aa在线看| 久久久久亚洲精品男人的天堂 | 久久精品国产精品亚洲艾草网| 成人在线免费视频| 亚洲成A人片77777国产| 一个人看的免费高清视频日本| 亚洲精品麻豆av| 中文字幕在线免费看线人| 亚洲女久久久噜噜噜熟女| 国产免费AV片在线观看| 久久青青草原亚洲av无码app | 亚洲国产高清视频| 粉色视频成年免费人15次| 免费一级毛片无毒不卡| 久久精品亚洲中文字幕无码麻豆| 4399影视免费观看高清直播| 亚洲日日做天天做日日谢| 国产精品无码一区二区三区免费| 免费看美女午夜大片| 亚洲色成人WWW永久网站| 免费播放一区二区三区| 中文日韩亚洲欧美制服| 九月婷婷亚洲综合在线| 亚洲情A成黄在线观看动漫软件| 免费无码又爽又刺激毛片| 成年大片免费高清在线看黄| 国产亚洲精品岁国产微拍精品| 亚洲第一网站免费视频| 久久精品国产亚洲AV天海翼| 亚洲中文字幕无码日韩| 黄色短视频免费看| 亚洲精品综合久久| 91精品免费高清在线| 国产亚洲精品国产福利在线观看| 久久久久久久尹人综合网亚洲| 成人免费午夜在线观看| 五月婷婷免费视频| 久久精品国产亚洲av麻豆图片| 999国内精品永久免费视频| 亚洲的天堂av无码|