World
Keywords to Understand the Belt and Road Initiative
  ·  2017-07-31  ·   Source: NO. 31 AUGUST 3, 2017

The China Academy of Translation, a research institute affiliated with the China International Publishing Group, the country's leading international publisher, has analyzed prevailing terms concerning the China-proposed Belt and Road Initiative and translated them into a number of foreign languages. In each issue, Beijing Review presents some of these keywords to help readers know more about the initiative.

Bangladesh-China-India-Myanmar Economic Corridor

The proposal for a Bangladesh-China-India-Myanmar Economic Corridor was unveiled by China and India during Premier Li Keqiang's visit to India in May 2013, with the objective of linking the two huge markets of China and India and enhancing regional connectivity. Bangladesh and Myanmar welcomed the proposal.

In December 2013, the first meeting of the project's joint working group was held in Kunming, and a joint study plan was signed by all parties, leading to the establishment of a mechanism for cooperation among the four governments.

At its second meeting in Cox's Bazaar, Bangladesh in December 2014, the joint working group discussed the vision, priorities, and direction of future development of the economic corridor. In addition to bringing benefits to the four countries directly involved, the corridor is also expected to spur growth in South, Southeast and East Asia.

China-Indochina Peninsula Economic Corridor

China and the Indochina Peninsula are connected by land and sea, with close geographical, cultural, and people-to-people ties. The Indochina Peninsula is an important link on the Belt and Road.

The China-Indochina Peninsula Economic Corridor extends from China's Pearl River Delta westward along the Nanchong-Guang'an Expressway and the Nanning-Guangzhou High-Speed Railway via Nanning and Pingxiang to Hanoi and Singapore.

This land bridge links China with the Indochina Peninsula and crosses the heart of Viet Nam, Laos, Cambodia, Thailand, Myanmar and Malaysia. It is also expected to boost China's cooperation with ASEAN countries.

The project aims to better connect cities in this region with a network of railways and highways to facilitate the flow of people, goods, capital and information. It will open up new opportunities for strategic cooperation and create a regional economy bolstered by complementary strengths to ensure sound regional development.

China-Pakistan Economic Corridor

The China-Pakistan Economic Corridor (CPEC) was proposed by Premier Li Keqiang during a visit to Pakistan in May 2013.

The 3,000-km-long corridor starts from China's Kashgar, ends at Pakistan's Gwadar and connects the Silk Road Economic Belt in the north and the 21st-Century Maritime Silk Road in the south. It is a trade network of highways, railways, pipelines and optical cables and is a flagship project under the Belt and Road Initiative.

China and Pakistan developed a long-term plan for the construction of transport and power facilities along the corridor in April 2015. These facilities are expected to spur the launch of other major projects in infrastructure, energy, water conservancy, and information and communications, including industrial parks and free trade zones. With investment totaling $45 billion, construction of the CPEC is scheduled to be completed by 2030.

President Xi Jinping and Pakistan's Prime Minister Nawaz Sharif were present at the ground-breaking ceremony for five major projects on April 20, 2015, when over 30 agreements and memoranda in relation to CPEC cooperation were signed.

The CPEC is designed to enhance bilateral exchanges and cooperation in transport, energy and shipping, foster connectivity between the two countries, and promote common development. It will also help enhance connectivity across the whole of South Asia and expand cooperation in economic and energy sectors between the countries in South and Central Asia, North Africa and along the Gulf, thus forming an economic radius benefiting nearly 3 billion people.

Comments to yanwei@bjreview.com

China
Opinion
World
Business
Lifestyle
Video
Multimedia
 
China Focus
Documents
Special Reports
 
About Us
Contact Us
Advertise with Us
Subscribe
Partners: China.org.cn   |   China Today   |   China Pictorial   |   People's Daily Online   |   Women of China   |   Xinhua News Agency   |   China Daily
CGTN   |   China Tibet Online   |   China Radio International   |   Global Times   |   Qiushi Journal
Copyright Beijing Review All rights reserved 京ICP备08005356号 京公网安备110102005860