Composite Fabric,bonded fabric,Lamination Fabric Lamination Fabric News “One Belt, One Road” promotes the development of China-EU economic and trade relations

“One Belt, One Road” promotes the development of China-EU economic and trade relations



The “Belt and Road” strategy is advancing steadily. On the 29th, the “Asian Infrastructure Investment Bank Agreement” was signed in Beijing. Finance Minister Lou Jiwei wrote in an article that this …

The “Belt and Road” strategy is advancing steadily.
On the 29th, the “Asian Infrastructure Investment Bank Agreement” was signed in Beijing. Finance Minister Lou Jiwei wrote in an article that this is another important milestone in the preparation process of the AIIB, which will lay a solid foundation for the AIIB to be formally established and put into operation as soon as possible before the end of this year.
As a new multilateral development institution in Asia initiated by China, preparations for the establishment of the AIIB began in 2014. After the representatives of the first batch of 22 founding member states in the region signed the “Memorandum on Preparation for the Establishment of the AIIB” in Beijing in October last year, until March 31 this year , the number of intended founding members of the AIIB has increased to 57, covering the five continents of Asia, Oceania, Europe, Latin America and Africa.
We know that President Xi Jinping proposed the “One Belt, One Road” plan to connect East Asia and Europe. “One Belt” is the “Silk Road Economic Belt” connecting Europe through Central Asia, and “One Road” is the “21st Century Maritime Silk Road”. It aims to strengthen trade exchanges between China and East Asia and Southeast Asia. The AIIB provides financial support for these infrastructure constructions, which can be said to serve the “One Belt, One Road” strategy.
At present, the strategic focus of the “Belt and Road” initiative is mainly on the countries along the “Belt and Road”. This is because our country already has the ability to export factors, and also because there are huge practical needs in the countries along the “Belt and Road”. This status quo determines my country has broad prospects for economic and trade cooperation with these countries. But on the other hand, our country still needs large-scale effective investment and technological transformation and upgrading, which shows that our country’s cooperation with developed countries, including the EU, still has great potential. We have noticed that European powers such as the United Kingdom, Germany, France, and Italy have also responded and become founding members of the AIIB.
Therefore, the “Belt and Road” strategic concept is crucial to the continued development of political and economic relations between China and the EU. The author believes that it is mainly reflected in the following aspects:
Impact on trade
Chinese leaders’ three visits to Europe in 2014 fully demonstrated the great importance they attached to developing China-EU relations. During his visit to the EU, Chinese leaders stated that China intends to strengthen the connection between East Asia and Europe through the “One Belt, One Road” plan. It can be seen that the “Belt and Road” strategic concept not only has the potential to strengthen economic exchanges between China and neighboring countries and regions, but also helps strengthen the economic and trade relations between China and the EU.
Since 2004, the EU has been China’s largest trading partner, and China is the EU’s second largest trading partner. In 2014, the bilateral trade volume between China and the EU reached US$615.1 billion. Economic and trade relations have always been an important part of China-EU bilateral relations. Trade interdependence is the main motivation for the EU to attach great importance to China’s “One Belt, One Road” strategic concept. Since trade relies heavily on transportation infrastructure, the “One Belt, One Road” initiative will inevitably have a significant impact on Sino-European trade.
The “Belt and Road” initiative covers most provinces in the central and western parts of my country. In the past, due to geographical, location, and spatial conditions, the development level of the vast inland areas was significantly lower than that of the eastern coastal areas. However, with the implementation of the “Belt and Road” strategic plan, this situation will be greatly changed. Once the railway transportation and other infrastructure in the central and western regions of my country that the “One Belt and One Road” passes through are significantly improved, these regions will show their huge advantages in terms of time and cost. Many large multinational companies in the world have begun to relocate some of their important production bases to inland areas, and use rail transportation as much as possible to replace sea and air transportation in order to gain speed and reduce costs.
Therefore, the successful implementation of the “One Belt, One Road” strategy will also benefit China-EU trade. In the Sino-German Cooperation Action Plan signed by Premier Li Keqiang during his visit to Germany in 2014, both sides mentioned the strategic vision of the “Silk Road Economic Belt” twice. Germany welcomed the “Silk Road Economic Belt” plan and put forward specific ideas for a Eurasian land trade corridor that would realize barrier-free transportation of goods.
Impact on investment
For China to achieve the strategic goals of the “One Belt, One Road” initiative, it is unimaginable if it only relies on its own strength. This requires China to strengthen cooperation with the international community. Therefore, the EU can play an important role in the implementation of the “Belt and Road” strategic concept and can actively participate in the construction of the “Belt and Road”. Hungary has currently signed a memorandum of understanding with China on jointly promoting the construction of the Silk Road Economic Belt and the 21st Century Maritime Silk Road between the two governments. Under the memorandum, China is helping to finance and build a railway connecting Hungary to Serbia.
Compared with other countries’ investment in China, the EU’s direct investment in China is capital-intensive and technology-intensive, and has a profound impact on China’s economic development, industrial upgrading, technological progress, and alleviation of employment pressure. There is still huge room for growth in EU investment in China. The “One Belt, One Road” initiative provides new investment opportunities for both parties. In the process of implementing the “Belt and Road” strategic goals, the EU can take advantage ofUse its advanced technology, capital and management experience to strengthen cooperation with China. In this way, in addition to the benefits of accelerating cargo transportation, it can also obtain investment returns. It may be precisely for this reason that many EU countries have joined the AIIB. There is no doubt that the “Belt and Road” plan will provide opportunities for European companies to invest in regions along the “Belt and Road” and will also provide more convenient conditions for Chinese companies to “go global”.
Impact on peace and security
Development and security are closely linked. China’s “One Belt, One Road” strategic concept will have a positive impact on EU peace and security.
There are no outstanding and sharp geopolitical conflicts in China-EU relations, nor are there any disputes left over from history. China and the EU also have mutual needs economically. China’s modernization drive requires cooperation with developed countries in the world. One of the goals of the EU’s foreign policy is to promote China’s further integration into the international community and encourage China to become a responsible stakeholder of the EU. In other words, when it comes to how it views the rise of China, the EU regards China as its competitor rather than its enemy, which is crucial to China-EU bilateral relations. Europe needs China as a big market. During President Xi Jinping’s visit to the EU in 2014, he expressed China’s good wishes to share development opportunities with the EU. The “One Belt, One Road” concept will therefore become a new opportunity for the EU and China to strengthen cooperation in development and security. As the “One Belt, One Road” is advancing towards Europe, some countries and regions that are currently very unstable in the world have also announced their participation in the construction of this strategic concept, including many countries in Central Asia and the Middle East, which is of great significance to European security. . Through the strengthening of exchanges in personnel, capital, goods and other aspects, the foundation of peace will be stronger.
In summary, the “Belt and Road” strategy will become a “booster” to further promote the development of China-EU economic and trade relations and provide a broader space for future China-EU economic and trade cooperation.

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Author: clsrich

 
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