While China's western provinces mainly depend on their affluent eastern peers for investment, a national strategy to revive the centuries-old trading routes connecting Asia, Europe and Africa gives them the unique advantage of "looking west" for development opportunities.
A number of major Hong Kong business groups have travelled overseas in April to explore investment opportunities, targeting a series of "Belt and Road" countries in particular.
Arab countries are praiseworthy for supporting China's stance on the South China Sea issue, a Chinese diplomat has said.
China has once again reiterated its support for Afghanistan and in a joint seminar on “One Road One Belt” where senior Afghan officials and the Chinese Ambassador to Afghanistan, Yao Jing, participated, it was revealed that the two countries may sign agreements on security and economic cooperation in near future under the initiative of One Road One Belt.
Chinese Foreign Minister Wang Yi said here Thursday that the relations between China and Arab nations are moving forward and still have huge potentials.
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China Construction Bank Corporation (CCB) and International Enterprise (IE) Singapore signed a Memorandum of Understanding (MOU) on Monday, in which CCB will provide 30 billion Singapore dollars (22.2 billion U.S. dollars) of financing services to support enterprises on infrastructure projects under the Belt and Road Initiative.
With more than two years of development, the Belt and Road Initiative has proved to be apractical tool for driving the growth of both Chinese and global companies, said businessleaders.
At the just concluded Two Sessions, China promised to further the opening up and reform of its economy while pushing forward the Belt and Road Initiative, a move experts believe demonstrates the country's resolve to bring the world closer together through commerce.
The Belt and Road Initiative offers win-win opportunities for Central Asian countries and promotes regional cooperation, Kyrgyz experts have said here.
Cambodian Prime Minister Hun Sen on Monday reiterated the country's support for the China-initiated Asian Infrastructure Investment Bank (AIIB) and Silk Road Fund, saying that they are key sources of capital for infrastructure development.
China has set a target of building around 30 nuclear power units in countries along the Belt and Road Initiative routes by 2030, according to Sun Qin, president of China National Nuclear Corp.
Along with China's Belt and Road Initiatives project comes huge financing needs. Funding requirements and reasonable design are two important parts of promoting and implementing the initiative.
Since taking office in late 2012, China's leadership has proposed three major strategies to boost growth as the Chinese economy enters a "new normal" with slower growth and the world's remains unstable.
First cargo train from China to Iran arrived in Tehran on Monday, indicating a milestone in reviving the "Silk Road," which has opened a new chapter of win-win cooperation between China and Iran.
In Iran, the small northern town of Ardebil may not have the allure of top tourist attractions like Isfahan or Shiraz, but year after year culture-sensitive visitors still flock there to see a famed collection of ancient Chinese blue-and-white porcelain.
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