The international community has hailed President Xi Jinping’s call on Friday to ease mar ket access for foreign capital and increase imports so that opening-up reaches a higher level. Xi said in his keynote speech at the opening ceremony of the Second Belt and Road Forum for International Cooperation in Beijing that the purpose of bu ilding the Belt and Road is to achieve win-win cooperation and common development. China will increase its imports of goods and services and will further lower its tariff rates, Xi said. Francis Chua, chairman emeritus of the Philippine Chamber of Comm erce and Industry, noted Xi’s emphasis on qualityRead More →

a company based in Fujian province, said that as a private fishery company, it is difficult for it to o btain loans for investing overseas, and his knowledge about overseas markets is limited. Sinosure’s insurance services have helped Hongdong obtain financing and accelerated Hongdo ng’s construction of a whole industrial chain fishery plant in Mauritania, where infrastructure was very poor. “Chinese companies do invest in the fishing industry overseas, but ev erybody faces different situations, including differences in policies, regulations and cul tures,” Chen said. “Sinosure has given us a lot of information about investment destinations. Its insurance services have increas ed our credit andRead More →

 four years of construction, is part of the Maputo Bridge and Link Roads project built by CRBC. It is 187 kilometers long and s erves as an arterial highway that directly links Maputo to the border with South Africa, to the south. CRBC mainly undertakes contracting, investment and infrastructure pro jects, including roads, bridges, ports and railways, and has operations stretching ac ross more than 60 countries and regions in Asia, Africa, Europe and the Americas. “China Road and Bridge Corporation has a wealth of experience in building bridges of the highest quality, including many brid ges in China that presented even tougher challenges thanRead More →

pillars of the initiative are important. The most and best (part) of it, I think, is connectiv ity and inter-culture exchange, sustainable development agenda, and knowledge transfer. China is the biggest market in the world. We have enough resources in our country. We want our p roduct get access to the market and we also want to live in good infrastructure, such as roads, railw ays, schools, hospitals. I also hope knowledge of China come to our country. We have sea access, and good infra structure can help our country and neighboring countries get access to the Maritime Silk Road. China has become the second-largestRead More →

overseas cities and 14 Chinese cities. It has seven international railway ch annels and five international rail-sea combined channels to further open up the city. Six years ago, when the initiative was put forward, Chengdu opened the first direct freight railway to reach L odz in Poland, bridging a gap to link to Europe. Through the logistics channel, the products and servic es from Chengdu were exported to meet the demands of countries and regions involved in the initiative. It beca me an important platform for Chinese companies to go global and for foreign capital to be introduced. For example, China Railway Express-Skyworth Express, withRead More →

regard to the Belt and Road Initiative, local companies have linked to global markets more frequently. Companies that used to lack the confidence to go global began taking the step. Companies that have had export business for years upg raded their product structure and expanded their business to production capacity cooperation and technological export. Chengdu Xinzhu Road and Bridge Machinery is a prime ex ample. The company was founded as an infrastructure company, and its business has exp anded to include new energy and railway traffic. In September 2018, the company’s production base at the China-Bela rus Industrial Park in Minsk was launched to produceRead More →

cutive Elon Musk on a call discussing the results. “It’s probably about the right time.” He also said he would prefer Tesla to be private but “that ship has sailed.” The company which is ramping up production of its Model 3 electric sedan, the vehicle Tesla sees as the key to future succ ess, stood by its 2019 delivery forecast of 360,000 to 400,000 vehicles and said it may produce as many as 50 0,000 vehicles if its factory in Shanghai reaches volume production in the fourth quarter. Tesla said it would make a loss in its second quarter but predicted a return to profitRead More →

An action plan has been introduced to tighten water consumption as part of high-quality development moves, which aims to improve efficiency in the use of natural resources and better protect the environment while boosting economic growth. By 2020, water consumption per 10,000 yuan ($1,487) of GDP is expect ed to drop by 23 percent from that in 2015, with a 20-percen t reduction in using water to produce 10,000 yuan in industrial added value, according to the plan promulgated by t he National Development and Reform Commission and the Ministry of Water Resources on April 15. In addition, China’s overall water consumption will be constrainedRead More →

new evaluation system, which will be released by the ministries of water resources and education, the minister said. A number of universities will be desig nated along with the participation of private capital, which is expected to get the public involved, he added. Ma Jun, director of the Institute of Public& Environment al Affairs, said that the plan is expected to accelerate water conservation. “The disparity in water resources among different provincial regions means we have to save more water for a sustainable development for the years to come, even centuries,” Ma said. “In industrial and agricultural production, more technolo gies can help save suchRead More →

China aims to place a scientific research station near the moon’s south pole in about 10 years, as well as conduct other explor ation missions using astronauts on the lunar surface, a senior space official said on Wednesday. Zhang Kejian, head of the China National Space Administrati on, made the announcement at the opening ceremony of t he 4th China Space Day in Changsha, Hunan province. He did not elaborate on the plans. He noted ongoing plans to launch the Chang’e 5 lunar probe later thi s year to collect samples and return them to Earth an d that Shaoshan, the hometown of Mao Zedong,Read More →