Return of maritime Silk Road does not forget Africa

0 Comment(s)Print E-mail Xinhua, February 12, 2015
Adjust font size:

Closer ties need better infrastructure

Official data showed that two-way trade volume between China and Africa exceeded 220 billion U.S. dollars for the first time in 2014, and China has been Africa's largest trade partner for the past five years in a row.

The MSR, like its overland counterpart, currently emphasizes the building of infrastructure projects. In order to promote these projects, China funded the Asian Infrastructure Investment Bank in addition to a separate 40 billion U.S. Silk Road Fund.

While transporting a container in a cargo ship from Shanghai to Mombasa costs less than 500 U.S. dollars, transporting it from Mombasa to Nairobi, about 500 kilometers, costs 1,500 U.S. dollars due to poor transportation methods, said Zhang Baozhong.

Better infrastructure among African countries can reduce transportation cost and boost businesses, Ding said, adding that he believes the new initiative could also bring preferential tax policies and more customers though no specific plan has been released.

Confidence despite risks 

China's Silk Road Economic Belt and 21st Century Maritime Silk Road initiatives involve several cultures and 63 percent of the world's population.

The differences in cultures, customs, policies and laws, labor markets and political environment may create stumbling blocks, but most people see it as a new chance for both China and African countries.

Bethwel Kinuthia, economist with the University of Nairobi, told Xinhua in an e-mail that it is obvious the MSR unleashes a windfall for African countries in terms of new markets for products, transfer of technology and skills as well as easier mobility.

But Kinuthia also pointed out that there are often difficulties for free flow of goods and services, including poor transport infrastructure, high energy cost that undermines manufacturing, erratic weather patterns and political uncertainties.

He said sustainability is not just a buzzword but an imperative for businessmen to cement trust with communities.

"By protecting fragile ecosystems, both the Chinese and African businessmen should minimize risks and improve their image," he said.

The MSR does not forget Africa. It provides a historical chance for countries along the route. "But it is not China's own business. It needs cooperation. Win-win situation also means do-do situation," Mohamed Noman Galal, former Egyptian ambassador to China, told Xinhua.

Follow China.org.cn on Twitter and Facebook to join the conversation.
   Previous   1   2  


Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 国产91精品在线| 最近在线2018视频免费观看| 国产精品一区二区资源| 中文字幕乱视频| 欧美性猛交xxxx| 四虎精品免费永久免费视频| 5x社区精品视频在线播放18| 无码一区二区三区免费| 亚洲天堂一区在线| 精品国产欧美另类一区| 国产激情一区二区三区成人91| 98久久人妻无码精品系列蜜桃| 无翼乌全彩之可知子| 久草免费手机视频| 波多野结衣欲乱上班族| 再灬再灬再灬深一点舒服| 麻豆自创视频在线观看| 国内最真实的XXXX人伦| 中文字幕国产综合| 日本免费色视频| 久久精品亚洲综合| 最近中文字幕mv图| 亚洲精品美女久久7777777| 香蕉视频在线看| 国产日韩精品一区二区在线观看| www亚洲成人| 日本黄色一级视频| 亚洲最大成人网色| 波多野结衣精品一区二区三区| 免费看美女被靠到爽的视频 | 日本69xxxx| 亚洲国产成人久久综合碰碰动漫3d | 国模冰冰双人炮gogo| 中文字幕在线视频免费| 日本全套xxxx按摩| 久久人人爽人人爽人人片AV超碰| 欧美日韩国产一区二区 | 久久精品无码免费不卡| 最近免费观看高清韩国日本大全 | 久久国产精品久久久久久久久久| 欧美激情一区二区三区成人 |