男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

USEUROPEAFRICAASIA 中文雙語Fran?ais
Opinion
Home / Opinion / Outstanding entries

China’s One Belt One Road can boost global growth

By Sara Hsu | chinadaily.com.cn | Updated: 2017-05-31 15:25

China’s One Belt One Road promises to improve global growth, as economic uncertainty runs high and growth remains at relatively lower levels.? China has acted as the world’s engine of growth, and its contribution to the global economy through the One Belt One Road initiative has the potential to act as a stimulus for other nations across its wide reach.

One Belt One Road (OBOR) has been in existence for less than four years, and strives to undertake projects to connect China and Iran, Laos, Thailand, and Indonesia by rail, to set up economic corridors that promote industry and infrastructure, and to create a network of sea ports in the South China Sea, Indian Ocean, and Eastern Africa.? Much of the OBOR project allows for greatly enhanced transportation of people and cargo, promoting economic efficiency. OBOR also aims to promote industrialization in underdeveloped countries.

Some of the projects within OBOR have already been completed or are almost finished.? For example, China has funded and engaged in construction in the port of Gwadar in Pakistan and on the Gwadar Special Economic Zone.? China has already developed Myanmar’s hydroelectric power sector and constructed a natural gas pipeline connecting the two countries.? The longest railway tunnel in Central Asia, the Kamchiq Tunnel,has already been completed by China Rail Group Limited.? This means that transportation and production along these new routes has the opportunity to arise now or in the near future.

New construction projects have been consistently announced.? When President Xi traveled to the Maldives in 2014, for example, the Maldives-China Friendship Bridge project that will link the airport island with the capital was announced.? China agreed on a deal with Sri Lanka in late 2016 to develop the port of Hambantota and construct an industrial zone in the vicinity.

Many of the countries receiving funding and construction capacity from China are in dire need of economic growth.? These include Indonesia, Mongolia, and Bangladesh, where China is constructing high speed rails, Pakistan, where China is building an expressway linking the two largest cities, Tanzania, Mozambique, and Kenya, where China is creating ports, and other low income countries.? In these countries, the standard of living is low, decent jobs are often hard to come by, and industrialization remains at low levels.? Such poor countries lack public or private funds for infrastructure investment, which generates a vicious cycle of poverty because there are no means to transport goods abroad to produce much-needed growth.

As developing countries gain access to international markets, they will also bring about growth in China and among developed countries.? China stands to gain as project investments yield returns and provide jobs for construction industry workers.? OBOR will also support production of commodities like steel and cement, buoying producer prices and potential domestic investment.? Developed countries will benefit from China’s increasing wealth and rising imports, as well as from expanding opportunities in OBOR countries, as infrastructure in low income countries builds.

While developed countries like the United States have turned inward, China is on the forefront of expanding investment and trade across many world regions.? China’s growth machine is therefore spreading to Africa, Asia, and Europe.? This is not an easy task, and faces political and economic risks in other countries.? However, as part of President Xi Jinping’s vision, One Belt One Road has strong momentum behind it, with sufficient financial, logistical, and practical backing to overcome many obstacles.? Construction is being carried out rapidly, in time to prompt much-needed global growth in a period of economic challenges.

Sara Hsu is an?assistant professor of economics at the?State University of New York at New Paltz, USA.

?
Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 张家界市| 五寨县| 大理市| 马尔康县| 泊头市| 灌南县| 汽车| 肇州县| 平湖市| 五大连池市| 阿拉善盟| 南陵县| 南昌市| 阿鲁科尔沁旗| 察哈| 图片| 策勒县| 景洪市| 黎平县| 梧州市| 肥东县| 门源| 日喀则市| 通海县| 上林县| 建瓯市| 乡城县| 宜昌市| 额济纳旗| 察雅县| 原阳县| 万载县| 阿拉尔市| 措美县| 通河县| 冕宁县| 河曲县| 平江县| 正定县| 利川市| 朔州市|