China’s President Xi Jinping suggested organising the Great Silk Road economic zone. The project’s objective is “to improve the economic relations and cooperation for expanding of space for development of Eurasian countries,” he said on Saturday. “This is to the advantage of all the peoples along the Great Silk Road.” The project needs to begin in “certain directions: step by step to expand the cooperation spheres and to achieve gradually a full-fledged cooperation in the region.” Xi Jinping said first of all it would be necessary to expand and improve the “political accord.” “We suggest organising an exchange of views on strategies of the economic development in order to achieve common views, and offering programmes and measures to develop regional cooperation,” he said. The Chinese president said it would be necessary “to build a common road network in the framework of SCO /Shanghai Cooperation Organisation/.” “Currently, we continue negotiations on favourable conditions for car transportation,” he added. The third condition for organisation of the Great Silk Road zone is “improvement of the trade relations,” the Chinese leader said. “In the economic space of the Silk Road live about three billion people, and huge trade markets have been organised there. The trade and investment cooperation has a very high potential. It is reasonable to consider an adequate system of easier trade aimed at eliminating barriers and at lower costs,” Xi Jinping said. It would be also necessary to increase the currency flows and to introduce payments in national currencies. “The use of national currencies in exchanges and settlements, in current operations and operations among capital accounts will reduce dramatically the expenses, will improve the abilities of our countries to counteract financial risks and will raise the international competitiveness of the regional economy,” he said. The Chinese leader stressed settlements in national currencies had been made with Russia and other countries. “We have achieved good results, we have good experience; and we believe it necessary to expand the geography of using this practice,” Xi Jinping said.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor