Skip to main content

Maritime Silk Road initiative applauded

http://www.globaltimes.cn/content/1097109.shtml

Maritime Silk Road initiative applauded

By Ma Jingjing in Boao Source:Global Times Published: 2018/4/9 20:38:39

Free flow of goods and capital releases growth potential

Workers see a ship into Zhoushan port, East China’s Zhejiang Province File photo: VCG

 
International representatives on Monday praised China for its pursuit of the 21st Century Maritime Silk Road, which facilitates investment in island countries, while building networks between these distinctive economies.

At the ongoing Boao Forum for Asia Annual Conference 2018 held in South China's Hainan Province, representatives from countries and regions along the Maritime Silk Road recognized that the Road would improve connectivity and bring huge opportunities.

"In the modern computer age, trade and investment benefit much from software - which is trade and investment … But aside from the software, we also need hardware and that is the Belt and Road [B&R] initiative, which provides infrastructure needed for trade and investment," former Philippine president Gloria Macapagal Arroyo told the Global Times on Monday.

Larry Chan, president of Liwayway (China) Co, whose headquarters is in the Philippines, told the Global Times that construction of infrastructure in the Philippines had helped reduce costs, increased his company's efficiency and competitiveness and had been key to overcoming physical obstacles, especially in the transportation of fresh products.

The Maritime Silk Road connects Thailand with the rest of the world, said Vira Rojpojchanarat, Thailand's Minister of Culture, at a session of Boao Forum on Monday.

"By connecting with our country's Eastern Economic Corridor, the China-proposed Silk Road Economic Belt and Maritime Silk Road link tens of million of people in Thailand through infrastructure projects like railways and airports,"  Rojpojchanarat said.

John Aquilina, Ambassador of Malta to China, said at the same session that limited resources encumber Malta's economic growth but the B&R initiative offers a solution.

"A good example is Shanghai Electric Power's potential acquisition of a 30 percent stake in Malta Resource Co. By shifting an old resource public utility into a modernized one, our major resource will be natural gas instead of diesel in the future, and thus our environment will be greatly improved," he said.

Eliminating weaknesses

Island countries' weaknesses - simple industries, relatively small domestic markets and fragile environments - require these countries to forge a community of share future, Chi Fulin, president of the China Institute for Reform and Development, said at the same session.

How to improve connectivity and industrial cooperation while enlarging island economies' market is crucial at this time, Chi said.

"We can jointly establish a pan- South China Sea tourism cooperation circle. If a breakthrough is made, it will greatly benefit the construction of the Maritime Silk Road," Chi said.

Given island economies' reliance on trade and investment, free flow of goods and capital helps release these economies' growth potential, Chen Xiaodong, China's assistant foreign minister, said at the same session.

Apart from free trade agreements with countries including  Maldives, New Zealand and Singapore, China seeks free trade arrangements with more economies to build open global economy, he said.

As for free trade, Chi said on Monday that Hainan is very likely to launch significant measures to facilitate the opening-up of the services sector.

"With its important location along the Maritime Silk Road, Hainan is expected to launch new measures for all-round opening-up in 2018, with focus on the services sector," he said, noting that Hainan plans to play a bigger role in the South China Sea region. 

One of Hainan's biggest firms HNA Group, will vigorously support construction of an international tourism island and a pan-South China Sea economic zone with direct flights linking countries and regions along the Maritime Silk Road.

HNA will help transform Hainan into a hub of the Maritime Silk Road with air routes connecting Hainan with ASEAN, the US, Australia and some EU countries, read a statement the firm sent to the Global Times

Comments

Popular posts from this blog

SSG Commando Muddassir Iqbal of Pakistan Army

“ Commando Muddassir Iqbal was part of the team who conducted Army Public School operation on 16 December 2014. In this video he reveals that he along with other commandos was ordered to kill the innocent children inside school, when asked why should they kill children after killing all the terrorist he was told that it would be a chance to defame Taliban and get nation on the side. He and all other commandos killed children and later Taliban was blamed.
Muddassir Iqbal has deserted the military and now he is  with mujahedeen somewhere in AF PAK border area”
For authenticity of  this tape journalists can easy reach to his home town to interview his family members or   ISPR as he reveals his army service number”
Asalam o Alaikum: My name is Muddassir Iqbal. My father’s name is Naimat Ali. I belong to Sialkot divison (Punjab province), my village is Shamsher Poor and district, tehsil and post office  Narowal. Unfortunately I was working in Pakistan army. I feel embarrassed to tell you …

The Rise of China-Europe Railways

https://www.csis.org/analysis/rise-china-europe-railways

The Rise of China-Europe RailwaysMarch 6, 2018The Dawn of a New Commercial Era?For over two millennia, technology and politics have shaped trade across the Eurasian supercontinent. The compass and domesticated camels helped the “silk routes” emerge between 200 and 400 CE, and peaceful interactions between the Han and Hellenic empires allowed overland trade to flourish. A major shift occurred in the late fifteenth century, when the invention of large ocean-going vessels and new navigation methods made maritime trade more competitive. Mercantilism and competition among Europe’s colonial powers helped pull commerce to the coastlines. Since then, commerce between Asia and Europe has traveled primarily by sea.1Against this historical backdrop, new railway services between China and Europe have emerged rapidly. Just 10 years ago, regular direct freight services from China to Europe did not exist.2 Today, they connect roughly 35 Chinese…

CPEC Jobs in Pakistan, salary details

JOBS...نوکریاں چائنہ کمپنی میںPlease help the deserving persons...Salary:Salary package in China–Pakistan Economic Corridor (CPEC) in these 300,000 jobs shall be on daily wages. The details of the daily wages are as follows;Welder: Rs. 1,700 dailyHeavy Duty Driver: Rs. 1,700 dailyMason: Rs. 1,500 dailyHelper: Rs. 850 dailyElectrician: Rs. 1,700 dailySurveyor: Rs. 2,500 dailySecurity Guard: Rs. 1,600 dailyBulldozer operator: Rs. 2,200 dailyConcrete mixer machine operator: Rs. 2,000 dailyRoller operator: Rs. 2,000 dailySteel fixer: Rs. 2,200 dailyIron Shuttering fixer: Rs. 1,800 dailyAccount clerk: Rs. 2,200 dailyCarpenter: Rs. 1,700 dailyLight duty driver: Rs. 1,700 dailyLabour: Rs. 900 dailyPara Engine mechanic: Rs. 1,700 dailyPipe fitter: Rs. 1,700 dailyStorekeeper: Rs. 1,700 dailyOffice boy: Rs. 1,200 dailyExcavator operator: Rs. 2,200 dailyShovel operator: Rs. 2,200 dailyComputer operator: Rs. 2,200 dailySecurity Supervisor: Rs. 2,200 dailyCook for Chinese food: Rs. 2,000 dailyCook…