New Silk Road spreads benefits to all

Updated: 2014-11-19 07:47

By Zhou Li(China Daily)

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China's unswerving adherence to a peaceful development path will be reflected in the development of the Silk Road Economic Belt and, ultimately, spread to the rest of the world.

Building the economic belt is a task for all the countries along the ancient Silk Road because this is a project of mutual benefit, with no threat of discrimination. China's vision is to see the Silk Road Economic Belt improving inter-connectivity in the region with favorable policies, better roads, stronger trade, and more exchanges of currencies and peoples. China has already worked out three networks for deepened cooperation with countries of the region: China-Central Asia-West Asia, China-Trans-Caucasus-Europe and China-Mongolia-Russia. Toward this end, it is actively cooperating with the countries in infrastructure construction, for example, of railways, roads, harbors, airports and telecom networks. These projects will facilitate transportation, trade and people-to-people exchanges in the fields of education, sports, tourism, science and technology, and media.

China has signed agreements with some East European countries to help them improve their infrastructure, and earmarked $10 billion as special loans for the projects. Also, China, Russia and Mongolia have agreed to a trans-Eurasia railway that will pass through the three countries, and China and Germany have reached a series of agreements to promote land trade and building the Silk Road Economic Belt.

Moreover, the Silk Road Economic Belt can promote the development of other regional cooperative organizations because it is an open platform, and does not conflict with the functions of the European Union, Shanghai Cooperation Organization, Free Trade Area of the Commonwealth of Independent States and the Eurasian Economic Union.

Given the benefits that the Silk Road Economic Belt will create, China hopes to strengthen communication, enhance mutual trust and remove misgivings with other countries to make the plan a success.

The author is vice-minister of the International Department of the Central Committee of the Communist Party of China.

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