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‘Belt and Road’ initiative moves forward with Xi's Eurasian trip

(People's Daily Online)    11:06, May 08, 2015
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President Xi at the Boao Forum for Asia 2015. (Photo/Xinhua)

As another starting point, President Xi Jinping's Eurasian trip will once more present the world with China's idea of advocating cooperation and win-win, as well as the openness and inclusiveness of Chinese diplomacy. May 7, 2015 marks a new milestone in the construction of "One Belt and One Road" with President Xi's visit to Russia, Belarus, and Kazakhstan.

It was in 2013, when visiting Indonesia, that President Xi first unveiled to the world the idea of building the Silk Road Economic Belt and the cooperation of 21st century maritime Silk Road. "One Belt and One Road" corresponds to the needs of China's development, as well as those of the other countries and regions along the line. It also serves the interests of all parties and conforms to the trend of global cooperation.

In the past year, China has proved to the world with its actions that "One Belt and One Road" is not just an idle dream. President Xi officially published "Vision and proposed actions outlined on jointly building Silk Road Economic Belt and 21st-Century Maritime Silk Road" at the Boao Forum for Asia 2015; focusing on the China-Pakistan economic corridor, which is an important part of the project, President Xi made his first visit in 2015 to Pakistan and injected new vigor. His upcoming visits to Russia, Belarus, and Kazakhstan will also give fresh momentum to the advocacy of "One Belt and One Road".

The project has succeeded in connecting with the national strategies of many other countries in the past year. The President of Kazakhstan Nursultan Nazarbayev wants to combine the New Economic Policy of Kazakhstan with China's "One Belt and One Road", Vladimir Putin, President of Russia, has shown his willingness to connect the construction of Eurasian railway to the building of the Silk Road Economic Belt, and President of Indonesia Joko Widodo wants to enhance maritime cooperation in the spirit of Indonesia's Global Maritime Fulcrum concept and China's 21st century Maritime Silk Road…

"One Belt and One Road" keeps marching forward: in Russia, leaders of both countries will discuss the simultaneous construction of the Silk Road Economic Belt, the Eurasian railway, and the development and cooperation of the Eurasian Economic Union; in Kazakhstan, President Xi and President Nazarbayev will plan out a blueprint for cooperation in all fields between China and Kazakhstan, as well as the construction of the Silk Road Economic Belt; in Belarus, President Xi will pay a visit to the China-Belarus industrial park, which is the biggest investment project between the two countries, and is promising to become a vital element of the Silk Road Economic Belt.

In 2014, China's outward investment surpassed the inflow of foreign investment for the very first time, and China has become a net exporter of capital. In the same year, China's commodity imports reached about 2 trillion dollars, which equates to the scale of a moderately developed country. Statistics released by the Ministry of Commerce show that the bilateral trade volume between China and countries along the "One Belt and One Road" in the first quarter of 2015 was 236 billion dollars, which represents 26 percent of the total volume of China’s foreign trade. All of these numbers demonstrate China's sincerity and determination to build the "One Belt and One Road" together with other countries. 

This article is edited and translated from 《梦想,在“一带一路”上相通相融》,source: People's Daily

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Yao Xinyu,Gao Yinan)

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