LINE

    Text:AAAPrint
    Economy

    Chinese infrastructure capabilities help promote regional interconnectivity, global growth

    1
    2017-06-23 09:28Xinhua Editor: Gu Liping ECNS App Download

    With the recent launch of operation of Kenya's Mombasa-Nairobi railway, China's remarkable infrastructure capabilities are again highlighted in promoting regional interconnectivity to pave way for global economic growth.

    Ronnie Lins, CEO of Center China Brazil: Research & Business, commended China's infrastructure capabilities as leading the world.

    "China's infrastructure capabilities take a lead worldwide, effectively pushing forward its economic and social development," he said.

    The Chinese-built 472-km-long Standard Gauge Railway (SGR) linking Kenya's capital Nairobi and East Africa's biggest port city Mombasa comes as part of ambitious efforts to build a 2,700-km East Africa corridor connecting Kenya, Uganda, Rwanda, South Sudan and other East African countries.

    Poor infrastructure has been blamed in part for impeding Africa's capital inflow and economic development. The railway joins other Chinese-built ones in promoting interconnectivity in Africa, including the continent's first transnational electrified railway linking Ethiopia with Djibouti completed in October 2016, which cut traffic time from one week to 10 hours.

    By the end of 2016, the Mombasa-Nairobi railway construction had created 42,000 jobs locally. It is expected to become both a regional artery of communication and a link to the adjacent industrial parks and special economic zones, putting Kenya on a faster track of industrialization and economic growth.

    Experts believe that improved interconnectivity will become a fresh economic driving force amid uncertainties over global economic recovery and serious structural problems.

    In Asia, Africa and Latin America, Chinese-built railways are extending further and further to boost construction of infrastructure and trade networks intended by the China-proposed Road and Belt Initiative in seeking common development and prosperity.

    Like building blocks of a global picture of interconnectivity, such infrastructure projects, many of them under the framework of the Road and Belt Initiative, are meanwhile boosting mutually beneficial and win-win cooperation and partnerships.

    Former Argentine Foreign Minister Susana Malcorra called the initiative a crucial multilateral integration project that "goes beyond the traditional Silk Road to reach Latin America." For Latin America, increasing infrastructure cooperation with China will help promote regional integration, she added.

    Latin American countries have shown a growing interest in the initiative, with the Asian Infrastructure Investment Bank that serves partly to support projects seeing its Latin American members increase recently to six.

    Guo Shengxiang, dean of the Academy of APEC Creative Finance, an Australian think tank, sees that China's infrastructure capabilities are still in an upturn.

    "China's infrastructure capabilities will continuously benefit world economy," he added.

      

    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: 彰化县| 富阳市| 喀什市| 洛阳市| 全州县| 邯郸市| 璧山县| 浑源县| 图们市| 民权县| 汝州市| 安义县| 汤阴县| 菏泽市| 炎陵县| 景德镇市| 石城县| 望奎县| 金湖县| 岳普湖县| 湟中县| 仙桃市| 迁安市| 华容县| 英吉沙县| 自贡市| 辛集市| 韶关市| 额敏县| 沙洋县| 察隅县| 青冈县| 湖南省| 永宁县| 万荣县| 黄浦区| 青岛市| 长乐市| 赤壁市| 鄱阳县| 句容市|