- Sputnik International
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

New Silk Road to Facilitate Transit to a 'New Form of International Relations'

© Flickr / Martijn NijenhuisGiant Dragon
Giant Dragon - Sputnik International
By implementing the One Belt One Road economic megaproject, China wants to develop international standards and improve international trust, according to Zhou Mingwei, a member of the Chinese People's Political Consultative Conference’s National Committee.

Italy Hopes to Participate in China's Silk Road Project
"Within the framework of this initiative China is planning not only to establish economic contacts but also to reach a new level of international communications with countries involved," he said during a teleconference organized by Rossiya Segodnya international information agency.

According to the official, economic cooperation will contribute to increasing mutual understanding and trust between the participants.

The One Belt One Road initiative, also known as the New Silk Road, is a major infrastructure project proposed by Chinese President Xi Jinping to economically connect China with the rest of Eurasia.

The first freight train crosses the new railway checkpoint between the Russian station Makhalino and Chinese station Hunchun, Jilin province - Sputnik International
China's New Silk Road is the 'Backbone of the Global Economy'
Zhou Mingwei pointed out that the One Belt One Road project is expected not only to promote financial and trade ties, but more importantly, improve international relations.

"Economic cooperation is not enough to build a safer and more stable world. If we want to create a new form of international interactions the One Belt One Road initiative could provide numerous opportunities, including for cultural and scientific cooperation," he said.

He also stressed that the project is an "important step" in China’s economic development.

"Moreover, it also could helpful to overcome the current difficulties in the global economy. This project is about co-development and offers lucrative prospects for all its participants," Zhou Mingwei noted.

Russian President Vladimir Putin attends his annual end-of-year news conference in Moscow, Russia - Sputnik International
Putin Expected to Take Part in Silk Road Summit in Beijing in May
He continued: "The plan we’re talking about and its implementation should be adjusted to the specificity of each of the participants."

The One Belt One Road includes several transit corridors from western China to Europe which can be divided into three groups – the Northern Route, Sea Route, and the Southern Route.

During the three years since the Silk Road strategy was announced, Beijing has been actively supported by more than 100 countries and international organizations. In particular, more than 40 countries and organizations have signed an agreement with China on cooperation.

The amount of investment by Chinese enterprises into the countries along the route has already exceeded $50 billion.


Never miss a story again — sign up to our Telegram channel and we'll keep you up to speed!

To participate in the discussion
log in or register
Заголовок открываемого материала