Month: April 2019

Chris Rowley, a visiting professor from Oxford Uni

University’s Kellogg College in England, called openin

g to more foreign investment a very important development.

“Of course this will expose both inward investors and indigenous organ

izations to some stark differences in management and doing business between them, which in tu

rn requires more globally effective leaders who are les

s ethnocentric and more culturally aware,” he said.

Sikhumbuzo Zondi, a research assistant at th

e Institute for Global Dialogue associated with

the University of South Africa, said another important aspect of Xi’s

opening address was the desire to invest more resources in scientific innovation and technology.

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hina sees the BRI as a method by wermanent c

hich it can make a substantial and permanent contributi

on to lasting peace, common security and global prosperity.

“While some Westerners may scoff at the impact they think the BRI may have on these is

sues, Xi genuinely sees the BRI as a global development project and will continue to wholeh

eartedly put China’s money, resources and energies into this project,” he said.e of these concerns is the

need for infrastructure projects to be more responsive to the local circumstances of BRI me

Chen Weihua in Brussels, Bo Leung in London,

Zhao Huanxin in Washington, Edith Mutethya in Nairobi and Chen Yingqun in Beijing contributed to this story.

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Bridge of dreams brings two halves together

It’s so close, and yet it always seemed so far away. To get to the rur

al district just a few hundred meters away on the other side of the bay, locals used to have to ju

mp on a boat or drive about 160 kilometers-part of that journey on dusty, unsealed road.

Now anyone wanting to get from downtown Maputo

, capital of Mozambique, to Katembe, or vice versa, can do so with ease, and in a matter of min

utes, thanks to the longest twin-tower suspension bridge in Africa, that hangs over Maputo Bay.

“Mozambique had long planned to build a bridge linking the north and south of the bay, bu

t nothing came of them because of a lack of financing and technological difficulties,” said Wang Li

jun, vice-president of China Road and Bridge Corporation, which built the bridge.

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A total of about $786 million was poured into the

project, 95 percent of it provided by China through preferential and b

uyers’ loans. China Export and Credit Insurance Corporation, a State-funded policy-oriented i

nsurance company, provided insurance services for the project, which helped the local government sacure $680 milli

on in business loans from Chinese banks, greatly reducing pressure on the project’s financing.

Mozambique’s President, Filipe Jacinto Nyusi, had long nursed ambitions of one day seeing a bridge lin

king Maputo city center and Katembe, and when it was finally opened in November he said it wou

ld greatly facilitate transport and connectivity between Mozambique and other parts of Africa.

Wang said the bridge will give great economic stimulus to Katembe, long underdeveloped because of its poor tran

sport access. It also eases demographic pressures on Maputo, a city with a population of 1.7 million.

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As the bridge was being built the price of land in

Katembe rose, and industrial parks are being planned in the region,” Wang said. “So the bridge will deliver huge economic benefits.”

The project also benefits China. For example, as Mozambique is short of construction materials and equipment, the p

roject has driven the export of more than 70,000 metric tons of steel products and equipment worth $68 million from China.

Even though CRBC was no stranger to building bridges when it took

on the Maputo-Katembe project, particular difficulties were presented by the fact that

both countries have different evaluation systems and standards of construction, Wang said.

The bridge was designed to Chinese standards but subjected to local and European standards, and the company g

ot a German engineering services provider, Gauff, to oversee the project’s quality.

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Xi’s speech draws positive reactions at Second Belt and Road

Editor’s note: President Xi Jinping delivered a keynote speech at the opening ceremony of the Second Belt and Road Forum for International Cooperation in Beijing

on Friday.China is going to open much more as it did before f

or foreign investment, and this is quite important for the whole initiative.

Here is a collection of comments from foreign ministers, delegates, and reporters attending the forum.

President Xi offered a vision of the Belt and Road Initiative t

hat inspires confidence in us, especially as small island developing states.

Facing challenges such as global warming and lack of development

financing, we in the Caribbean region welcome the opportunities presented by the initiative.

President Xi must be commended for his visionary leadership an

d his boldness in offering a new path for a brighter and shared future.

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President Xi invited the world to take part in the Belt

and Road initiative, calling on free and inclusive trade, global cooperation in the spirit of peace and pr

ogress, and the exchange and enhancement of the cultural foundations of human mankind. His rem

arks were very well received by the attending heads of states and other distinguished delegates. He called on the world

to give up on protectionism, nationalism and isolationism. Xi added that the B&R is building bridges to make the world a better place.

We heard from the Chinese president about the me

aning and the importance of the initiative, which is cooperation and benefits for all.

A new law in China about foreign investment opens the do

or for businessmen from outside to come in. It shows that China not only announced the inves

tment but at the same time it shows us how the procedures to continue to develop this initiative.

The initiative is important not only for China but for the world.

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President Xi’s speech deeply motivated us and touch

ed our heart. I have the same feeling about world development. The speech really firms our belief in a more intercon

nected and mutually developed world. China’s policy of persisting in reform and opening up is an inspiring polic

y to the world. It will build so many bridges of mutual development for the belt and road region. China is going to main

tain a friendly and peaceful development attitude, and it will help the Belt & Road countries to get investment wit

h high quality. Also, President Xi really showed us a new model of development and investment, focusing on s

ustainable development, green economy, which helps the world to become a better place to live.

More Chinese will take medium- and short-distance trips during the May Day holiday after it was ext

ended to four days and travel time by high-speed train was shortened, according a travel report released recently.

The Labor Day holiday this year has been extended from one to four

days, according to the State Council’s response to an appeal from the public in March.

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By now, China Railway Express (Chengdu) has linked

overseas cities and 14 Chinese cities. It has seven international railway ch

annels and five international rail-sea combined channels to further open up the city.

Six years ago, when the initiative was put forward, Chengdu opened the first direct freight railway to reach L

odz in Poland, bridging a gap to link to Europe. Through the logistics channel, the products and servic

es from Chengdu were exported to meet the demands of countries and regions involved in the initiative. It beca

me an important platform for Chinese companies to go global and for foreign capital to be introduced.

For example, China Railway Express-Skyworth Express, with 41 full containers of televisio

ns and accessories, left Chengdu International Railway Port to reach Europe in March.

The express provided a more convenient channel for Shenzhen-ba

sed television manufacturer Skyworth Group to enter overseas markets.

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The remote sensing can also be used in making elec

ctric and visual files for water source protection zones after matching the satellite remote sensing images and the ground si

tuation. Such work has been trialed in four cities. In the future, satellite remote sensing will become a nor

mal method in everyday law enforcement of water sources and long-term supervise.

“The innovation of using satellite remote sensing in water protection has

made water source protection precise and intelligent. The management of water sour

ce no longer totally depends on manpower,” said Yao Yanjuan, expert of satellite center with the Ministry of Ecol

ogy and Environment.Baishatuo Yangtze River railway bridge, a decades-old structure in Southwest China’s Cho

ngqing municipality, was officially retired from service on Tuesday. Completed in 1959, the 820-meter-long tru

ss bridge which carries two tracks of the Chongqing-Guiyang Railway was the first bridge over the Yangtze River in Chon

gqing and only the second along the main stretch of the river between Yibin city and the river mouth in Shangha

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