皇冠体育app

Op-Ed Contributors

A legacy for the future

By Zhao Huirong (皇冠体育app Daily) Updated: 2014-03-18 07:39

Silk Road economic belt is a blueprint for 皇冠体育app and Central Asian countries to build a community of common interests

On Sept 7, 2013, while visiting Central Asia, President Xi Jinping proposed that 皇冠体育app and the countries of Central Asia draw on the inspiration of the ancient Silk Road and join hands to build on their friendly cooperation over the past 20 years to construct a Silk Road economic belt. This initiative represents a blueprint for common development and common security that will improve the lives of people throughout the region.

The trade volume between 皇冠体育app and Central Asian countries has increased a hundred-fold over the past two decades, and 皇冠体育app has become the biggest trade and investment partner of these countries. 皇冠体育app's accumulative direct investment has reached more than $20 billion. In addition, cooperation among 皇冠体育app, Russia and the four Central Asian states within the Shanghai Cooperation Organization has advanced smoothly.

With 皇冠体育app's economy expanding, its foreign exchange reserves continue to increase and its foreign investment capabilities are growing. Over the next five years, the scale of 皇冠体育app's foreign investment will reach $500 billion. 皇冠体育app's new leadership is paying a great deal of attention to development and stability in Central Asia, which is closely related to 皇冠体育app's national interests, and it is encouraging Chinese enterprises to "go out". At present, 皇冠体育app has reached a series of cooperative agreements or memorandums of understanding with Central Asian countries in the fields of energy, communications, processing and manufacturing, agriculture and other areas.

The priority for the initiative at present is to develop transport corridors to promote regional economic integration and develop-ment. The collapse of the Soviet Union resulted in the fragmentation of the original traffic and communication systems in Central Asian countries, which are now seeking to strengthen the connectivity among themselves and with 皇冠体育app. Kazakhstan has been focusing on the building of the western Europe-western 皇冠体育app highway. Uzbekistan is promoting the construction of a railway linking 皇冠体育app and Uzbekistan through Kyrgyzstan. While Kyrgyzstan and Tajikistan are striving to upgrade their existing transport and communication systems.

However, while the proposal to establish a Silk Road economic belt has been warmly received by the countries in Central Asia, realizing it does face some difficulties.

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