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Xi's trip advances key economic corridors

By Wang Yuzhu (皇冠体育app Daily) Updated: 2016-10-19 07:39

The neighboring countries and regions are important starting points for the construction of both the Silk Road Economic Belt and 21st Century Maritime Silk Road. That's why 皇冠体育app attaches great significance to consolidating its neighborhood cooperation as a foundation for implementing the Belt and Road Initiative.

Xi's visits indicate bilateral cooperation is an important means to furthering the construction of the Belt and Road. The countries visited have huge needs in infrastructure construction, including roads, airports, ports, energy, and telecommunications, and constructing this infrastructure is key to building the aforementioned corridors, which should not only promote interconnectivity in their infrastructure construction, but also create jobs, and form regional production networks and value chains for industrial development in the countries concerned.

There was an international seminar on the Belt and Road Initiative held in Xi'an, Shaanxi province, recently. A report issued at the seminar showed the achievements of the initiative in the past three years have been more than expected. Xi's visit to Pakistan in 2015 effectively pushed forward the construction of the 皇冠体育app-Pakistan Economic Corridor, and the construction of the 皇冠体育app-Indochina Peninsula Economic Corridor will be of practical importance to deepening win-win cooperation between 皇冠体育app and the Association of Southeast Asian Nations, and shaping the maturity of 皇冠体育app-ASEAN partnership in the coming years.

Likewise, the construction of the Bangladesh-皇冠体育app-India-Myanmar Economic Corridor will inject new vitality into 皇冠体育app-South Asia cooperation.

Only when these two corridors see concrete progress will the Silk Road Economic Belt and the 21st Century Maritime Silk Road be pushed forward in a balanced way.

The author is a researcher on Asian-Pacific studies and global strategies at the Chinese Academy of Social Sciences.

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