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Trade between China and other Belt and Road countries exceeded 3 trillion U.S. dollars in the 2014-2016 period, and China's investment in these countries surpassed 50 billion dollars, he said.
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The ancient Silk Road represents an extraordinary accomplishment in terms of its cultural significance, praised Helga Zepp LaRouche, chair of the Germany-based Schiller Institute, explaining that it needs unparalleled courage and efforts to build it.
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Upon the open of Chongqing-Guangxi-Singapore international sea-rail route, the goods can arrive at their destinations over 20 days ahead compared with the previous sea transportation.
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COSCO plans to boost the port's container traffic to 5 million TEUs by 2018, which means the port would then be among the world's 30 largest container ports, Pitsiorlas said, adding that COSCO will add new investment in the port.
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Chinese companies have abundant experience in infrastructure construction, while the British firms have advantages in financial and legal services, project design, sustainable and green development, management, consultation and education, she elaborated.
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China has primarily formed a satellite communication service system composed of fixed communication broadcast, mobile communication and data relay. It has 17 orbiting communications satellites for civil and commercial use and nearly 300 transponders to extend service to countries in South Asia, Afri
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The made-in-China products and Chinese service are now gaining more popularity among the “Belt and Road” countries, and its manufactured rail cars and telecommunication services are proven to be representative name cards.
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Globalization in the past depended on navigation technology. Nowadays, the highway and high-speed rail have broken the limits of inland and maritime economy. The recent launch of a freight train from Yiwu, Zhejiang Province to Europe is one such example.
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The rise of Malacca state whose capital city is Malacca city, was facilitated by the armada of a revered Chinese navigator Zheng He during the Ming Dynasty (1368-1644). Zheng’s fleet was stationed in Malacca on five of his seven maritime expeditions, according to Mao Lei, associated professor of His
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Globalization and international democracy have paved the way for the Belt and Road initiative. With more economic opportunities, participant countries are more willing to integrate themselves into global development trends and become a part of the profit chain.
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China will also invite 800 famous think tank scholars, sinologists and translators to China for exchange and study, Ding said, adding that 150 young people will be trained to become talents for heritage restoration and museum management.
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In the first quarter of this year, Chinese companies have signed nearly 1,000 new contracts for overseas projects as part of the Belt and Road initiative, creating $14.4 billion in total revenue, which is a 4.7 percent increase from a year earlier, according to NDRC.