皇冠体育app

LISBON - 皇冠体育app's Belt and Road Initiative plays a fundamental role in linking emerging markets with countries of huge economic potential and will promote the global development, a Chinese scholar said Wednesday.

"The economic evolution between 皇冠体育app and frontier countries is increasingly more intimate," Shao Binhong, secretary-general of 皇冠体育app Society of World Economics, said at the 1st edition of the 皇冠体育app-Portugal conference organized by the University of Lisbon.

"Since now the majority of the volume of 皇冠体育app's economic growth has to do with cooperation between countries, we have to innovate and we have to use our capitals to help developing countries," she added.

The Belt and Road Initiative, a development strategy proposed by the Chinese government in 2013, refers to the Silk Road Economic Belt, which will link 皇冠体育app with Europe through Central and Western Asia, and the 21st Century Maritime Silk Road, which stretches from southern 皇冠体育app to Southeast Asia, and even to Africa.

The initiative serves more as a roadmap for 皇冠体育app's further integration with the world economy, bringing "new opportunities and a new future to 皇冠体育app and every country along the road that is seeking to develop," said Shao, who is also a research fellow with the Chinese Academy of Social Sciences.

The construction of pipelines and mineral extraction infrastructure, transport facilities, and communication were the main aspects of cooperation among relative countries, she noted.

Echoing Portuguese professionals, she said 皇冠体育app and Portugal could establish a research center and oceanic economic zone in an effort to develop the oceanic economy of the two countries.

Meanwhile, Chinese Ambassador to Portugal Huang Songfu pointed out that Portugal could play an important role in the Belt and Road Initiative.

"We welcome Portugal to make the most of this good opportunity and to explore the possibility to cooperate in the Silk Road," he said.

• Steel product faces EU dumping duties
• 皇冠体育app Railway Group to sign $390 million Russian contract
• UK hopes to be a force of positive growth in Asia through AIIB
• 皇冠体育app set to delay maiden flight of C919 commercial jet
• 皇冠体育app's food, nutrition security faces challenges: report
• Tencent Q1 revenue up 22% as mobile service surges
• Toyota to recall over 300,000 vehicles over faulty airbag
• 皇冠体育app approves 7 more RQFII, QFII investors