Last year, China directly invested US$14.5 billion in countries along the “Belt and Road”

From May 14th to 15th, the 2017 “Belt and Road” international cooperation summit will be held in Beijing. Chinese President Xi Jinping will attend the opening ceremony of the forum and preside over the Leaders Roundtable Summit.

In September and October 2013, Xi Jinping successively proposed the idea of ​​jointly building the “Silk Road Economic Belt” and the “21st Century Maritime Silk Road”, which together constitute a major initiative of the “Belt and Road” initiative.

According to data from the Ministry of Commerce, China’s direct investment in the countries along the “Belt and Road” last year was US$14.5 billion, an increase of more than 70 times compared with the 2003 level.

Last year, China directly invested US$14.5 billion in countries along the “Belt and Road”

Last year, China directly invested US$14.5 billion in countries along the “Belt and Road”

On April 30th, a joint venture consisting of a subsidiary of China Railway Group and an Israeli company was constructed at the construction site of the red line of the Tel Aviv light rail in Israel.

"Light" and "Road" on the China-Pakistan Economic Corridor

In 2013, when the 23-year-old Chinese guy David set foot in Pakistan, Premier Li Keqiang also visited Pakistan in the same year.

During this visit, the two sides signed the "Memorandum of Understanding on the Development of the China-Pakistan Economic Corridor Vision Cooperation Plan." Two months later, the China-Pakistan Economic Corridor Vision Planning Joint Cooperation Committee was formally established, and the "China-Pakistan Economic Corridor" was first formed. . In November 2014, China and Pakistan jointly issued the "Outline of the China-Pakistan Economic Corridor Vision Plan". According to Yan Shigang, an associate professor at the School of International Economics of the School of Foreign Affairs, this is the first single of the "One Belt, One Road" initiative to promote the interconnection.

David's trip to Pakistan is for the third phase (C3) of the pressurized water reactor nuclear power plant built by the China National Nuclear Corporation in Chashma, Pakistan. On August 1, 1993, the first concrete tank of the nuclear power plant began to be poured, and the 24-year tour of the China Nuclear Industry Group as a "light-transmitter" was opened. Prior to the arrival of David, the first two phases of the project were put into commercial operation in 2000 and 2011.

In April 2015, President Xi Jinping visited Pakistan. The two sides upgraded China-Pakistan relations to an "all-weather strategic partnership". At the same time, they established a "1+4" economic cooperation layout and guided the China-Pakistan Economic Corridor to promote Gwadar Port. Energy, transportation infrastructure and industry cooperation.

In this regard, China intends to invest US$46 billion in Pakistan, including 18 energy projects with a total investment of US$27 billion and a total installed capacity of 13.88 million kilowatts. Under the framework of the China-Pakistan Economic Corridor, the total power generation of 16 priority energy projects will reach 10.4 million kilowatts.

On October 15, 2016, C3 was officially connected to the grid. In November 2016, one month after the C3 was connected to the grid, Pakistani Prime Minister Sharif announced that the average daily power outage time in the city would be reduced from 6 hours to 3 hours, and the rural area would be compressed from 8 hours to 4 hours. According to Pakistani media reports, the time of this power outage was mainly due to the fact that the third unit of the Chashma nuclear power plant and several photovoltaic and wind power projects realized power generation, and the power supply situation of Pakistan was significantly improved.

"If you want to be proud, you can really be proud," David said.

At present, in addition to the China Nuclear Industry C4 project to be connected to the grid, the 300 MW unit of ZTE Energy Bahawalpur PV Power Station has also been completed, with an annual power generation capacity of 480 million kWh, which can meet the demand for 200,000 households in Pakistan. The Kassim coal-fired power station project jointly invested by China Hydropower Overseas Investment Co., Ltd. and Qatar Company also completed financing, with a total installed capacity of 1.32 million kilowatts, which is progressing smoothly.

Along with “Send Bright”, it is “Weaving Road Network”. The energy infrastructure and transportation infrastructure constitute the two major points of cooperation between China and Pakistan.

In August 2013, as part of the G314 line of the China-Pakistan Friendship Highway, the highway reconstruction project of the Oytak-Bulunkou section of the China-Kazakhstan-Kalunglun Highway was launched. It lasted for three years and was completed and opened to traffic in October 2016. The highest international highway in the world.

Another important transportation facility is Gwadar Port. In June 2015, Gwadar Port was officially opened. It is envisaged that Gwadar Port will be the starting point for the Middle East-China oil pipeline, which means that the transportation route of 12,000 kilometers bypassing the Straits of Malacca will be reduced to 2,395 kilometers. At present, transportation projects such as the Lahore Rail Traffic Orange Line Project, Gwadar Port Construction and Supporting Transportation Project, and Karakoram Highway Phase II (Heveryan-Tacot) are also under construction.

“The China-Pakistan Economic Corridor can also invest more in something.” Du Youkang, director of the Pakistan Research Center at Fudan University, cited the example of the Haier-Ruba Economic Zone in Pakistan, indicating that he could take advantage of the opportunity to establish industrial parks. Chinese companies use local raw materials and labor to produce. Home appliances, sold locally, reducing the number of direct exports from China.

On April 27, 2017, in Kuala Lumpur, Malaysia, light rail trains produced by Malaysian CRRC Rail Transportation Equipment Co., Ltd. entered the station.

China and Myanmar "People's Hearts" in Action

The first experience of the Chinese girl Peas was from the airport of Myitkyina a year ago. “It took nearly an hour to bump into the camp in Myitsone.” She told the Beijing News that the road that the country’s power investment funded had to go for three or four hours.

Doudou had seen a booklet entitled "Yijiang Hydropower Development Q&A" in the camp. She told the Beijing News reporter that such a booklet would be sent to the local villagers. "The main thing is to educate the villagers about science. The national electric power investment in the local development of hydropower benefits, answer questions."

Different from the inherent image of the central enterprises' "small work" overseas, as early as 2012, the National Electric Power Investment Yijiang Upstream Hydropower Co., Ltd. established the Ministry of Public Affairs to carry out communication work with the Myanmar parties.

Beyond the project, the “People’s Heart” project of the national power investment is continuing. This was confirmed by the Public Relations Department of the National Power Investment Yijiang Company. The person in charge told the reporter that the national electric power bank Yijiang not only built houses for the immigrants, but also regularly sent rice to the face to establish a chopsticks field to solve the employment of local immigrants.

Peas think that from the hardware point of view, the living environment of immigrants has indeed improved. She said that the immigrants mainly came from the villages of Anganda and Mary Yang, about 2,000 people. Compared with the former thatched cottages, the new houses of the immigrants are all electrified two-story brick houses.

Peas said that in addition to some material support, Mysone immigrants also have their own hospitals and schools, all of which were aided by the Chinese. “Objectively speaking, the hardware facilities here are indeed much better than the villages that are underdeveloped. The school also has scholarships.”

At the end of 2012, CEC Yijiang Company employees volunteered to set up the “Yijiang Hydropower Scholarship”, which is a long-term educational project in the local area. By the end of 2015, a total of 5.3 million kyats of scholarships have been awarded, and 161 outstanding students have been funded.

The National Power Investment Bank of Yijiang said that recently, the National Power Investment Bank of Yijiang was responsible for the restoration and construction of the two orphanages, the "Orphans of Love" and the "Grand Paradise" school building in Myitkyina, which was put into use on April 28th. Most of the orphans in the two orphanages lost their parents due to the war.

Last year, China directly invested US$14.5 billion in countries along the “Belt and Road”

Last year, China directly invested US$14.5 billion in countries along the “Belt and Road”

Direct investment in the countries along the line last year was $14.5 billion

According to data from the Ministry of Commerce, in 2016, China directly invested US$14.5 billion in countries along the “Belt and Road”, a level that was 70 times higher than the US$200 million in 2003 and 8.2% higher than the US$13.4 billion in 2013. The average annual growth rate has been 2.6% in the past three years. The investment amount accounts for 8.5% of China's total foreign investment. In the same period, the contract value of newly signed foreign contracted projects between China and the countries along the route was US$126 billion, an increase of 36%.

Taking the major projects of transportation infrastructure as the forerunner, the economic and trade cooperation zone with unique characteristics of Chinese enterprises has become a highlight of the layout of the Belt and Road.

According to the latest data from the Ministry of Commerce, Chinese companies have already built 56 economic and trade cooperation zones in 20 countries along the “Belt and Road”, involving multiple fields, with a cumulative investment of more than 18.5 billion US dollars, creating nearly 1.1 billion US dollars in tax revenue for the host country. 180,000 jobs.

The Ministry of Commerce stated that it will give full play to the role of the overseas economic and trade cooperation zone and the cross-border economic cooperation zone, and promote the manufacturing and supporting service enterprises to go out and form an industrial gathering.

Regardless of the transportation infrastructure or the construction of the cooperation zone, the requirements for the capital, technology and scale of the enterprise are relatively high, and the powerful central enterprises have thus become the main force of the construction of the Belt and Road.

On May 8, Xiao Yaqing, director of the State-owned Assets Supervision and Administration Commission of the State Council, said that the “One Belt, One Road” initiative has been proposed for more than three years. The central enterprises have responded positively. A total of 47 companies have participated in, participated in or invested in, or cooperated with enterprises in these countries. 1676 projects.

Xiao Yaqing said that over the years, the average annual investment of central enterprises in the process of “going out” has increased by 15%, and the average annual sales revenue has increased by 4.5%.

According to the "2016-2017 Chinese Enterprises Going Global" Research Report, from the perspective of investment, state-owned enterprises and central enterprises are still the main force and leader in investment along the “Belt and Road”, but in terms of quantity, private enterprises play here. With the growing role, private enterprises accounted for 55% of the enterprises invested in the countries along the “Belt and Road” in the past three years.

According to the above report, from the perspective of investment, it has formed a situation in which central enterprises and state-owned enterprises concentrate on investing in traditional industries, and private enterprises are fully rolled out in traditional industries and emerging industries.

In 2016, the construction machinery giant, Sany Heavy Industry, sent more than 100 pieces of equipment to Pakistan to participate in the construction of major projects, including the construction of the local PKM expressway project. "The Sanyi equipment has participated in the construction of the important countries along the 'Belt and Road'. I really feel the rapid development of Sany in the internationalization strategy," said Xin Qiang, deputy manager of Sanyi Heavy Machinery's major customer department.

From the performance of Sany Group, the current overseas market sales have exceeded 40% of the company's performance, 70% of which comes from the countries and regions along the “Belt and Road”.

In addition to the extensive layout of the Belt and Road, China is also constantly optimizing the foreign investment environment, attracting more companies from the countries along the line to invest in China. According to data from the Ministry of Commerce, in 2016, 2,905 new enterprises were established in China along the “Belt and Road”, an increase of 34.1% year-on-year, and the actual amount of foreign investment was US$7.1 billion.

The Belt and Road trade has exceeded the overall growth rate of China's foreign trade

According to data from the Ministry of Commerce, in 2016, the trade volume between China and countries along the route was 6.3 trillion yuan, an increase of 0.6%. In the same period, the total value of China's import and export of goods was 24.33 trillion yuan, a year-on-year decrease of 0.9%. Among them, exports fell by 2%.

Minister of Commerce Zhong Shan said earlier that over the past three years, China’s trade with the countries along the “Belt and Road” has continued to expand. The total import and export volume has reached 6.3 trillion yuan last year, and the growth rate exceeds the overall increase of China’s foreign trade. speed.

In terms of countries, in 2016, China’s exports to Russia, Bangladesh and India along the “Belt and Road” increased by 14.2%, 9.3% and 6.6% respectively. During the same period, exports to the EU and the US increased by 1.3% and 0.1% respectively, and exports to ASEAN fell by 1.9%.

In terms of vertical comparison, the Belt and Road Initiative is becoming a key area for China's trade cooperation. From June 2013 to June 2016, the trade volume of goods between China and the “Belt and Road” countries was 3.1 trillion US dollars, accounting for 26% of China's total foreign trade.

In terms of trade products, electromechanical machinery products have become China's key export targets to the Belt and Road. China's imports and exports to Southeast Asia, South Asia, Central Asia, West Asia, North Africa, Eastern Europe and other regions are dominated by mechanical and electrical products.

As the products are more competitive, the trade surplus between China and the countries along the route has gradually expanded. According to the progress report on the third anniversary of the “Belt and Road” construction of Renmin University of China, the figure was US$226.24 billion in 2015, an increase of 47.2% compared with 2014, which is 16 times that of 2011; the surplus in 2016 was US$221.37 billion, 48.7 less than 2015. Billion dollars, the first decline in recent years.

However, China’s trade cooperation in the Belt and Road is not only quantitative, but also seeks to promote trade transformation and upgrading.

According to the progress report on the third anniversary of the “Belt and Road” construction of Renmin University of China, as of the first half of 2016, the value of new service outsourcing contracts between China and the countries along the “Belt and Road” was US$9.41 billion, a year-on-year increase of 33.5%. At the same time, innovative trade methods such as cross-border e-commerce have been vigorously developed, and a number of cross-border e-commerce comprehensive pilot zones have been set up to promote the process of trade facilitation.

At the same time, in order to promote trade facilitation, China and the countries along the Belt and Road are building a cooperation platform, including border-level national-level ports, border economic cooperation zones and cross-border economic cooperation zones. As of the first half of 2016, China has set up 5 key development and open pilot zones in key areas along the border; 17 border economic cooperation zones and 1 cross-border economic cooperation zone, and 11 cross-border economic cooperation zones under construction.

Wang Yizhen, a professor at the School of International Studies at Renmin University of China, believes that all parties should discuss and make appropriate arrangements for trade and investment facilitation, eliminate trade barriers, reduce trade and investment costs, improve regional economic cycle speed and quality, and achieve mutual benefit. win.

Editor in charge: Long Mingyang

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