Archive for ‘Silk Road Economic Belt’

12/11/2019

Feature: Xi spearheads closer China-LatAm cooperation for common prosperity

MEXICO CITY, Nov. 12 (Xinhua) — China and Latin America sit on the opposite sides of the globe, but the formidably vast Pacific Ocean that separates them did not stop them from sharing a long history of exchanges.

Today, the major developing country in the East is forging an increasingly close partnership with the dynamic region in the Western Hemisphere, especially since Chinese President Xi Jinping took office in 2013, and set into motion what is now known as Xiplomacy.

In the past six years, Xi has visited 11 Latin American and the Caribbean (LAC) countries. On Tuesday, he is setting foot on the region for the fifth time as president, as he arrives in Brazil for the upcoming 11th BRICS summit.

Thanks in no small part to Xi’s push, the time-honored, distance-defying China-Latin America relationship is flourishing with new vitality. China has become the second largest trading partner of Latin America, while the latter is one of the fastest growing sources of exports to China. Two-way trade rose 18.9 percent year on year to 307.4 billion U.S. dollars in 2018.

GRAND VISION

Every time Xi visited Latin America, he reaffirmed China’s commitment to cementing bilateral friendship and expanding win-win cooperation.

His first trip to the region as head of state, in 2013, took him to Trinidad and Tobago, Costa Rica and Mexico. The following year saw him travel to Brazil, Argentina, Venezuela and Cuba.

It was in Brazil that Xi met with leaders from 11 LAC countries, and for the first time laid out his grand vision for building a China-Latin American community with a shared future.

“Let us seize the opportunities presented to us and work together to blaze new trails in building a community of shared destiny for common progress and usher in a bright future for the relations between China and Latin America and the Caribbean,” Xi said in a keynote speech at the first ever China-Latin American and Carribean Countries Leaders’ Meeting in 2014.

He then proposed a “1+3+6” cooperation framework to “promote faster, broader and deeper cooperation between the two sides for real results.”

The “1” refers to “one plan,” the Chinese-Latin American and Caribbean Cooperation Plan (2015-2019), formulated to promote inclusive growth and sustainable development.

The “3” alludes to “three engines” for driving practical cooperation for comprehensive development, namely trade, investment and financial cooperation.

The “6” means the six priority cooperation fields of energy and resources, infrastructure building, agriculture, manufacturing, scientific and technological innovation, and information technologies.

In 2016, Xi visited Ecuador, Peru and Chile. Two years later, he traveled to Argentina for the Group of 20 summit as well as Panama, a Central American country which established diplomatic ties with China in June 2017.

In a landmark speech at the Peruvian Congress in Lima in 2016, Xi expounded the significance of strengthening China-Latin America cooperation.

“With one fifth of the world’s total area and nearly one third of the world’s population, China and Latin America and the Caribbean are crucial forces for world peace and stability,” he said.

China, he added, “will increase sharing of governance experience and improve planning and coordination of macro policies with Latin American and Caribbean states to better synergize our development plans and strategies.”

Besides top-level engagement, Xi also reaches out to local people from all walks of life, in order to keep cementing the China-Latin America friendship and the public support for bilateral cooperation.

While in Costa Rica, Xi visited a family-run coffee plantation and tried some local brew. “I think some more coffee can well be exported to China,” Xi told his hosts with a smile.

Today, Costa Rica exports coffee to the Asian market, along with pork, dairy, pineapples and other high-quality agricultural goods, especially after the inauguration of the China International Import Expo in 2018.

NEW OPPORTUNITIES

With international cooperation within the framework of the Belt and Road Initiative (BRI) gaining steam worldwide, the Xi-proposed vision is creating new opportunities for China-Latin America cooperation.

The BRI, designed to promote common development along and beyond the ancient Silk Road trade routes, comprises the Silk Road Economic Belt and the 21st Century Maritime Silk Road, and the latter is closely connected to Latin America.

For two and a half centuries, from the mid-1500s to the early 1800s, galleons laden with Chinese silk, spices, porcelain and other goods sailed across the ocean to today’s port city of Acapulco on the Mexican Pacific coast.

Latin America is the natural extension of the 21st Century Maritime Silk Road, Xi said in a meeting with visiting Argentine President Mauricio Macri in May 2017.

In a congratulatory message to the second Ministerial Meeting of the China-Community of Latin American and Caribbean States (CELAC) Forum held in Chile on Jan. 22, 2018, Xi stressed that China and LAC countries “need to draw a new blueprint for our joint effort under the Belt and Road Initiative and open a path of cooperation across the Pacific Ocean that will better connect the richly endowed lands of China and Latin America and usher in a new era of China-LAC relations.”

During Xi’s visits, the Chinese president is always dedicated to better aligning the BRI — an open platform for cooperation — with the development plans of LAC countries.

In his meeting with Macri, Xi called for dovetailing the BRI with Argentina’s development strategy, expanding cooperation in such sectors as infrastructure, energy, agriculture, mining and manufacturing, and implementing existing major cooperation projects in hydro-power, railway and other fields.

Similarly, during the state visit to Panama in December 2018, Xi said the National Logistics Strategy of Panama 2030 and the BRI are highly compatible, calling on the two sides to synergize their respective development strategies, boost cooperation and promote connectivity.

So far, 19 LAC countries have signed BRI cooperation agreements with China. China-Latin America cooperation in various areas has effectively promoted local economic and social development, bringing visible and tangible benefits to the Latin American people.

Just as Xi said in his speech at the Peruvian Congress in 2016, “China will share its development experience and opportunities with the rest of the world and welcome other countries to board the express train of its development, so that we can all develop together.”

SOurce: Xinhua

16/08/2019

China releases overall plan on new western sea-land transportation channel

CHINA-NEW WESTERN SEA-LAND TRANSPORTATION CHANNEL-PLAN (CN)

Photo taken on April 20, 2017 shows Chengdu railway container center station in the Qingbaijiang railway port of China (Sichuan) pilot free trade zone in Chengdu, southwest China’s Sichuan Province. China has released an overall plan about the country’s new western sea-land transportation channel to deepen the sea-land two-way opening-up and the development of western China, according to the National Development and Reform Commission. The plan covers the period from 2019 to 2025 with an outlook extended to 2035. (Xinhua/Xue Yubin)

BEIJING, Aug. 15 (Xinhua) — China has released an overall plan about the country’s new western sea-land transportation channel to deepen the sea-land two-way opening-up and the development of western China, according to the National Development and Reform Commission.

The plan covers the period from 2019 to 2025 with an outlook extended to 2035.

The new western sea-land transportation channel is located in the hinterlands of the western regions, connecting the Silk Road Economic Belt from the north, the 21st Century Maritime Silk Road from the south and the Yangtze River economic belt.

According to the plan, the new western sea-land transportation channel is strategically positioned to support the country’s western regions in participating in international economic cooperation and promote the deep integration of transportation, logistics and the economy.

Source: Xinhua

14/08/2019

China-proposed BRI designed with economic development, capacity building in mind, benefiting others, say experts

MALAYSIA-KUALA LUMPUR-BRI-NEW INCLUSIVE ASIA DIALOGUE

Participants pose for photos at the New Inclusive Asia Dialogue in Kuala Lumpur, Malaysia, Aug. 14, 2019. The China-proposed Belt and Road Initiative (BRI) was formulated with economic development agenda through increased connectivity, infrastructure and capacity building, according to academics and experts at the New Inclusive Asia Dialogue here on Wednesday. (Photo by Chong Voon Chung/Xinhua)

KUALA LUMPUR, Aug. 14 (Xinhua) — The China-proposed Belt and Road Initiative (BRI) was formulated with economic development agenda through increased connectivity, infrastructure and capacity building, according to academics and experts at a conference here on Wednesday.

Speaking at the New Inclusive Asia Dialogue, multiple experts said BRI, as a flexible economic oriented initiative, stood in contrast with attempts by certain country to piece together its own trade network, which was described as being focused on political agendas.

Dr S Mahmud Ali, an associate fellow with the University of Malaya’s Institute of China Studies, said countries like Malaysia, which aspired to reach developed nation status, had recognized the real gains to be had from participation in BRI.

Mahmud said once several on-going BRI related projects were completed in the country, the country’s economic capacity would be greatly boosted.

Malaysia does play a significant role and substantial amounts of Chinese investments funding projects will boost Malaysia’s productivity, total production capacity, its ability to export and produce good that will rise quite dramatically once these projects are completed, he said.

Proposed by China in 2013, the Belt and Road Initiative refers to the Silk Road Economic Belt and the 21st century Maritime Silk Road, which aims at building trade and infrastructure networks connecting Asia with Europe and Africa along the ancient trade routes of the Silk Road.

Chairman of the Committee of International Information of the Foreign Affairs Ministry of Kazakhstan Timur Shaimergenov said that the flexible, economically focused BRI had gained strong support due to the inclusive approach taken by China.

“The Belt and Road Initiative is a flexible economic oriented project. It does not come with political pressure but instead it is about giving participating countries the opportunity to take advantage of economic opportunities.”

Criticism against BRI has taken on a political dimension and they are completely ignoring that while BRI started as a Chinese initiative, it has really become a Eurasian initiative,” he said.

Olga Kuznetsova, a professor with the Moscow Lomonosov State University said infrastructure development had the potential to benefit countries along BRI route, calling on countries to formulate clear plans to take advantage of the economic spillover.

“Russia is interested in the development of Eurasian transport corridors and invests in the implementation of projects to create them,” she said.

Chinese Ambassador to Malaysia Bai Tian said China had made it clear that it would continue to be a supporter of fair and equitable international trade and globalization, especially in the backdrop of unilateral protectionism.

“We look forward to joining hands with Asian countries to promote trade and investment facilitation, to accelerate the process of regional free trade zone, and to deepen regional and sub-regional cooperation,” he said.

Hosted by the Center for New Inclusive Asia, a Malaysian based think tank, the two-day dialogue aims to foster better understanding of connectivity as a means to promote inclusive growth in Asia, bringing together prominent scholars, senior government officials and corporate leaders from some 10 countries and regions.

Source: Xinhua

17/04/2019

Belt and Road Initiative presents Malaysia with exciting opportunities: deputy minister

KUALA LUMPUR, April 16 (Xinhua) — The Belt and Road Initiative (BRI) proposed by China presents Malaysia with numerous exciting opportunities especially in areas of strategic collaboration and joint ventures, Malaysian International Trade and Industry Deputy Minister Ong Kian Ming said on Tuesday.

Speaking at the Belt and Road Forum 2019 – Expectations and Opportunities for Malaysia, Ong said there were several strategic areas of focus for Malaysia within the context of BRI.

He listed the food industry, joint research and development in the high-tech sectors and the capitalisation of Malaysia’s strategic location to enhance the country’s connectivity with China, all as means to generate greater local interest and participation in BRI.

“Given the popularity of Malaysia’s food and Beverage (F&B) products among Chinese consumers, it is only natural that we would want to capitalize on this advantage so that more Malaysian made products can find their way into the Chinese market,” he said.

Ong added that it was imperative for Malaysian government to play a major coordination role so to ensure that companies in Malaysia, from large government linked ones to small and medium-sized enterprises, in order to take advantage of the opportunities available.

“There is much to be excited about with regard to the economic opportunities presented by BRI for all the parties and stakeholders involved. We can all play a proactive and productive role in building the ‘community of common destiny'”.

“This vision of a shared prosperity in the context of multilateral cooperation is more important now than ever, given the uncertainties surrounding the global economy and existing push back against multilateralism,” he said.

Proposed in 2013, the Belt and Road Initiative aims to build trade and infrastructure networks connecting Asia with Europe and Africa on and beyond the ancient Silk Road routes. It comprises the Silk Road Economic Belt and the 21st Century Maritime Silk Road.

03/03/2019

China Focus: Industrial upgrade moves fast in Xinjiang

URUMQI, March 2 (Xinhua) — Farmers at a small village in western Xinjiang hardly had any days off this winter. Production at a walnut processing factory is going full throttle to meet demand.

Yusup Tursun and his wife are walnut farmers in Kupchi Village in Yecheng County on the edge of the Taklimakan Desert. The couple has been hired by a new walnut processing facility in the village, with the husband a quality inspector and his wife working part-time cracking nuts.

As a main base for walnut production, Yecheng has over 38,000 hectares of high-quality thin-shell walnut groves.

“It used to be quite difficult to sell the walnuts. The factories, with so many products, have made it easier for the sales,” Yusup said.

Seven companies make products from the nuts — walnut milk, walnut candies and edible oil. The shells are made into coloring agent and pollutant-absorbing carbon.

Diversity in the walnut products pushed the industry output to a new high of 2 billion yuan (about 299 million U.S. dollars). Three in every five people work in the walnut industry in Yecheng, where 550,000 people live.

Across Xinjiang, processing facilities are established to add value to agricultural products. Transport and logistical services are improved to boost the sales of Xinjiang’s signature agricultural products such as Hami melons, Korla pears and Turpan grapes.

UP THE VALUE CHAIN

Xinjiang is also moving up the value chain in two of its traditional industries — cotton and coal.

As one of the main cotton production bases in China, Xinjiang holds sway in the textile industry. By making full use of its cotton resources and geographical advantages as a portal for opening up, the region no longer sees itself as just a production base for raw materials. Starting from 2014, China’s leading garment and apparel makers including Ruyi Group, HoDo Group, and Huafu Fashion Co. Ltd invested in the region and built factories.

These factories have produced added benefits and created jobs for the local people. Xinjiang produces 1.5 million tons of yarn and over 40 million ready-made garments every year. More than 400,000 people work in the industry.

In the eastern part of the coal-rich Junggar Basin, workers have found that the snow is cleaner than before. The Zhundong Economic Technological Development Park, about 200 km west of Urumqi, is home to China’s largest coal field.

A stringent environmental requirement is applied to the park, said Ren Jianpin, director of the management committee of the park. Coal enterprises are required to control coal dust, install equipment to recycle water and coal slags are processed into construction materials, he said.

The park is focused on boosting high-end industries in aluminum and silicon materials, which generate more value and have less impact on the environment, he said.

GOING HI-TECH

Last year, a large-scale bio-based plant went into operation in Usu City to turn corn into nylon. The Cathay Industrial Biotech, a Shanghai-based biotech company, is the investor.

Nylon is usually made from petroleum, and the use of crops such as corn and wheat to make recyclable and environment-friendly nylon has promising business prospects, said Wang Hongbo, vice general manager of the company’s Usu branch.

The Usu branch will have an annual output of 100,000 tons of bio-based polyamide, and it is expected to boost the development of downstream industries in the future, he said.

The oil-rich city of Karamay has also received a hi-tech boost as cloud computing firms eye the dry and cold weather in the area. Karamay is home to many key state-level projects and IT-industry leaders, including a global cloud service data center for Huawei, data centers for the China National Petroleum Corp. (CNPC) and China Mobile.

Xinjiang is making new breakthroughs in precision machining, new materials, manufacturing and textiles.

Data from the regional statistics bureau show that the value added of the hi-tech manufacturing in Xinjiang rose by 32.1 percent year-on-year in 2018.

FURTHER OPENING UP

As a core area on the Silk Road Economic Belt, Xinjiang has maintained solid growth momentum in foreign trade. Foreign trade volume between Xinjiang and 36 countries and regions along the Belt and Road (B&R) totaled about 291.5 billion yuan (43.5 billion U.S. dollars) in 2018, up 13.5 percent year on year.

Economic observers say that there is still much room for Xinjiang to scale up its processing trade to raise the level of imports and exports.

Xinjiang will further develop an export-oriented economy in 2019 and participate in economic exchanges with neighboring countries, according to the regional government’s work report released in January.

Source: Xinhua

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