Category: Latest Announcement
Statue of Amir Temur in Amir Temur Square in the city of Tashkent in UzbekistanUzbekistan's economy relies heavily on energy and agriculture, and its industry is comparatively weak.
In 2013, Chinese President Xi Jinping launched China’s “One Belt, One Road” (OBOR) initiative, one of the most important projects connecting China and major Eurasian economies through infrastructure, trade and investment.
Serbia, Poland and Uzbekistan, the three countries on the itinerary of President Xi’s ongoing state visit, were among the first countries to respond to this initiative and are expected to play vitally important roles in the successful implementation of the project.
The road map of New Silk Road Economic Belt
The OBOR project aims to promote the country’s domestic overcapacity and capital for regional infrastructure development to improve trade and relations with ASEAN, Central Asian and European countries.
The three countries are located in Central and Eastern Europe (CEE) and Central Asia respectively, all are important hubs on the route that connects Europe and Asia.
Pupin Bridge over the Danube River in Belgrade, Serbia
Serbia, the first stop of President Xi’s three-stop visit to central Europe, has been working in close collaborations with China on developing projects involving infrastructure, energy, agriculture, information technology, tourism and manufacturing.
Serbia’s demonstrated openness to Chinese investment and its strong friendship with China make it a key strategic partner of China.
The second largest city in Poland, Krakow
As China’s biggest trade partner in the CEE region and also the largest economy in the region, Poland is among the first countries in that region to join the Asian Infrastructure Investment Bank, and has been cooperating actively with China’s western provinces.
Statue of Amir Temur in Amir Temur Square in the city of Tashkent in Uzbekistan
Uzbekistan's economy relies heavily on energy and agriculture, and its industry is comparatively weak. Connecting Uzbekistan to the OBOR Initiative would complement the Chinese economy and the Uzbek economy and enhance bilateral cooperation.
The OBOR initiative has been topping President Xi’s agenda during this visit. Items of discussion with leaders from Serbia, Poland and Uzbekistan include new measures to promote the Belt and Road construction, and seal relevant cooperative agreements.
A few major examples of the “Belt and Road” projects include the China-Europe land-sea express passage, freight train services between China and Europe, a rail link between the Serbian and Hungarian capitals, a cross-Danube bridge in Belgrade, a Kostolac power station in Serbia and the China-Central Asia gas pipeline. All have been given green lights or are already underway, bringing tremendous benefits to the local residents.