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Xi Calls for Advancing Belt and Road Initiative
Priority areas for the initiative include building a platform to advance cooperation as well as a green, healthy, intelligent and peaceful Silk Road, Xi said.

Updated:1471947621Source:Xinhua

Chinese President Xi Jinping on Wednesday called for steady advance of the country's Belt and Road Initiative to benefit people along the routes.
The Belt and Road Initiative should help promote policy coordination, infrastructure connectivity, unimpeded trade, financial integration and mutual understanding among the people, Xi said at a symposium on the initiative held in Beijing.

Priority areas for the initiative include building a platform to advance cooperation as well as a green, healthy, intelligent and peaceful Silk Road, Xi said.

The initiative, proposed by Xi in 2013, refers to building a Silk Road Economic Belt and the 21st Century Maritime Silk Road. It is aimed at building a trade and infrastructure network connecting Asia with Europe and Africa along ancient trade routes.

Xi said more than 100 countries and international organizations have participated in the Belt and Road Initiative. China has signed agreements with more than 30 countries along the routes to jointly build the Belt and Road, and more than 20 countries have teamed up with China in industrial cooperation.

Ahead of the third anniversary of the China-proposed Belt and Road Initiative, President Xi Jinping has called for more "early harvests" under the framework.

The Belt and Road can be seen as an opportunity to promote transnational interconnection, improve trade and investment cooperation, advance cooperation in international capacity and equipment manufacturing to rebalance and stabilize the world economy, said Xi.

Against the backdrop of a sluggish global economy, the initiative will help stabilize the world economy through industrial capacity cooperation between China and countries along the routes, to advance their industrialization and modernization, as well as improve their infrastructure, Xi said.

Xi stressed that more specific Belt and Road policies should be worked out and major support should be focused on strategic projects including facilities cooperation, energy resource use and core technology research and development.

Foreign Dignitaries paid more attention on this talk, and they think it shows Chinese sincere attitude that China is willing to work with belt and road countries and Chinese determination on promoting Belt and Road Initiative.

Zivadin Jovanovic, a Serbian expert on international relations, said Belt and Road initiative offers new perspective for the growth of the friendly ties between China and Serbia towards achieving win-win results in various fields. Serbia and China in June agreed to upgrade their relations to a comprehensive strategic partnership. Under the framework of the Belt and Road initiative, the major achievements of bilateral economic cooperation include Mihajlo Pupin Bridge, Kostolac thermal power plant, the E763 highway, the Serbia-Hungary railway and Smederevo Steel Mill.

Nepal is a part of the Belt and Rpad initiative. Rajesh Kaji Shrestha, President of Nepal China Chamber of Commerce and Industry (NCCCI), said the council was formed in order to increase interaction among the private sectors of the countries where the revived Silk Road will have linkage. "This will help increasing cooperation in trade, tourism, energy and other infrastructure," he said.

Editor:Lynus Tan
 
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