LINE

    Text:AAAPrint
    Society

    China accelerates westward opening for Silk Road Economic Belt

    1
    2015-03-30 17:00Xinhua Editor: Gu Liping

    The Alataw Pass, a remotely-located port in the Gobi desert of Xinjiang, is becoming an increasingly important trade gateway connecting China's inland cities to Central Asia and Europe.

    Dozens of international trains are running to and from the port everyday with a total freight volume of 74,000 tonnes and foreign trade volume of nearly 50 million U.S. dollars. The Alataw Pass has become a key entrance for energy resources of strategic importance such as crude oil, metal ores and steel.

    The prosperity of the port is a reflection of China's effort in opening up westward, as part of a strategy to develop the Silk Road Economic Belt that spans the Eurasian continent.

    Chinese President Xi Jinping proposed the idea of the economic belt during his visit to Central Asia in September 2013, eyeing a cultural revival of the Silk Road, which historically linked China with Central Asia and Europe, as a way of developing political and economic ties.

    After the Silk Road Economic Belt agreement was signed in November 2013 by 24 cities in eight countries along the Silk Road, a series of Chinese inland cities including Chongqing, Chengdu, Zhengzhou and Xi'an have successively opened international shuttle trains to the Eurasian continent.

    Northwest China's Shaanxi Province, the starting point of the ancient silk road, has been carrying out economic and technological cooperation with countries along the Silk Road Economic Belt.

    Fang Weifeng, director of Shaanxi development and reform commission, said, the Shaanxi Coal and Chemical Industry Group has set up an oil refining program in Kyrgyzstan with an annual capacity of 800,000 tonnes.

    Other western provinces and regions have also been extending their reach to the west. Xinjiang Uygur Autonomous Region vowed to enhance agricultural and energy cooperation with Central Asia. Ningxia Hui Autonomous Region, heavily-populated by Muslims Hui ethnic minority, has been developing Muslim food and products manufacturing bases with the purpose to promote trade with the Muslim countries.

    Yang Shu, professor of Lanzhou University in Gansu Province, said, speeding up westward expansion is of great strategic importance to China. With international trade shrinking after the global financial crisis, China's economic slowdown is urging the country to further tap the development potential of its west through westward opening.

    The campaign can also help bridge the development gap between China's western areas and more prosperous east, he said.

    The global financial crisis and the European sovereign debt crisis has hit the economic development of Russia, Central Asia and Central and Eastern Europe. The economic belt can bring opportunities to those countries, he said.

    However, China has to be cautious when deepening cooperation with countries to its west.

    Xing Guangcheng, an expert with Chinese Academy of Social Sciences, said China should seek to develop more stakeholders by building joint ventures when innitiating programs in the Central Asian countries in order to reduce risks.

    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: 云浮市| 博罗县| 渭源县| 桂东县| 哈尔滨市| 海城市| 黄梅县| 那坡县| 巩留县| 印江| 科技| 汤原县| 延吉市| 松滋市| 北碚区| 古浪县| 临武县| 平和县| 厦门市| 沧源| 巨鹿县| 万全县| 始兴县| 饶河县| 曲松县| 灵丘县| 常德市| 汾阳市| 中牟县| 秀山| 吴江市| 梓潼县| 浮山县| 光山县| 察雅县| 满城县| 云林县| 扎兰屯市| 常熟市| 达拉特旗| 汪清县|