China`s Belt and Road Initiative makes significant progress: research report
Source: www.chinamining.org Citation: Xinhua Date: September 27 2016
Govt has to balance rising prices, overcapacity targets: experts
China`s Belt and Road Initiative has made significant progress since it was proposed three years ago, according to a report published on Monday.
The report was released at a seminar on the Belt and Road in Xi`an, one of the termini of the ancient Silk Road.
According to the China`s Renmin University, more than 100 countries and international bodies are involved in the initiative and more than 30 countries along the new Silk Road have cooperation agreements with Beijing. China is also working with more than 20 nations on industrial capacity projects.
The report said coordination of development strategies has begun with many countries along the routes, including Kazakhstan and Russia.
China is coordinating infrastructure standards, connecting transportation and energy infrastructure and boosting information connectivity.
China has signed investment treaties with various countries along routes and has already invested over 50 billion US dollars.
To ensure adequate financing, China has been pushing for trade settlement in RMB, currency swaps, and other financial arrangements. The Asian Infrastructure Investment Bank considers projects related to the initiative as its top priority, investing 509-million US dollars in its first four projects, all going to countries along the Belt and Road.
The Belt and Road, proposed by China in 2013, refers to the Silk Road Economic Belt and the 21st Century Maritime Silk Road, a trade and infrastructure network connecting Asia with Europe and Africa along the ancient trade routes.
About CHINA MINING
Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.
CHINA MINING Congress and Expo 2016 will be held at Meijiang Convention and Exhibition Center in Tianjin on September 22nd -25th, 2016. We invite you to join the event and to celebrate the 18th anniversary of CHINA MINING with us. For more information about CHINA MINING 2016, please visit: m.balanzskin.com.
