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|BEIJING Rondae Hollis-Jefferson Jersey , April 13 (Xinhua) -- Wang Jianyi, chairman of Chinese optical cable provider FUTONG Group, lauded the company's decision to expand into Thailand as a win-win move.
"In China, competition in the rapidly growing optical cable sector is squeezing profit margins, but in Thailand the product is still in short supply," Wang said.
By manufacturing products at their destination -- in FUTONG's case at the Thai-Chinese Rayong Industrial Zone, an industrial park on the east coast of Thailand -- Chinese firms are answering demand while expanding their own businesses.
At the Thai industrial zone Julius Erving Jersey , companies have spent 2.5 billion U.S. dollars on building plants and facilities. These firms have generated 120 million U.S. dollars in taxes and created more than 20,000 local jobs.
The industrial park is just one project under the Belt and Road Initiative, a grand trade and infrastructure plan proposed by China in 2013. Building upon the ancient routes, the modern belt and road will be a transnational network connecting Asia with Europe and Africa and promoting common development among all the countries involved.
The industrial zone in Thailand shows that China's ambitious plan more than just visionary or political rhetoric -- it is reality, and the benefits are already being felt.
FORUM TO BUILD MORE CONSENSUS
This time next month over 1,200 representatives, including the leaders of more than 20 countries and 50 international organizations Jarrett Allen Jersey , will gather in Beijing for the first Belt and Road Forum.
Attendees of the two-day forum, which will start May 13, will discuss cooperation on infrastructure, trade and energy development, according to China's Ministry of Foreign Affairs.
The forum comes at a time when, more than ever, countries must seek to reach broader consensus on how to achieve innovative and inclusive growth amid the sagging global economy.
One event to watch Jahlil Okafor Jersey , in this regard, will be the round-table summit, as world leaders will discuss policy and strategy coordination.
A number of projects, deals and longer-term initiatives are expected to be pushed forward, while a mechanism for long-term cooperation will be discussed.
"The forum will build consensus among all participants, reinforcing the international community's confidence in the Belt and Road Initiative as well as for globalization itself," said Wang Yiwei Dzanan Musa Jersey , a senior researcher at Chongyang Institute for Financial Studies at Renmin University.
COUNTING ON CHINA PLAN
The world economy has still not fully recovered from the global financial crisis. Moreover, uneven resource allocation between developed and developing countries has only made matters worse.
One of the priorities of the Belt and Road Initiative is to help developing countries be heard and to explore a more equitable, reasonable and justified global governance system, said Ou Xiaoli, a senior official of the National Development and Reform Commission.
China, for its part, is willing to share its experience and expertise in infrastructure Drazen Petrovic Jersey , trade and energy development with countries along the routes to achieve common prosperity.
According to a report co-authored by the Chinese Academy of Social Sciences (CASS) and China Bond Rating, investors tend to favor the energy, transportation and information technology sectors.
The value of all infrastructure projects in 66 countries and regions that fell under the initiative in 2016 was just under 500 billion U.S. dollars, according to accounting firm PwC.
"Better infrastructure will help transport goods and talent from China to areas with resources and demand, and then there will be more projects in retail, real estate and other market-oriented sectors in countries with large populations," said Sean Prior DeMarre Carroll Jersey , counsel at the law firm Mayer Brown JSM.
FANS AROUND THE GLOBE
Openness, inclusiveness and mutual benefit are the hallmarks of the initiative and the source of its strong support, said Liu Jieyi, China's permanent representative to the United Nations (UN).
Since the initiative was proposed, it has won support from over 100 countries and international organizations, with the signing of nearly 50 inter-governmental agreements of cooperation.
In addition to developing-country partners, China signed a cooperation agreement with New Zealand in March D'Angelo Russell Jersey , the first developed Western country to do so.
Since 2013, China has invested more than 50 billion U.S. dollars in countries along the Belt and Road, according to a CASS report.
A total of 56 economic and trade cooperation zones have already been built by Chinese businesses in 20 Belt and Road countries, generating nearly 1.1 billion U.S. dollars in tax revenue and creating 180,000 local jobs.
A recent resolution adopted by the UN also highlighted the role of the initiative in advancing regional economic cooperation, urging involved parties to help create a favorable environment for projects under the initiative by improving security, among other efforts.
The initiative offers "great potential" for advancing the UN's sustainable development agenda through economic growth Caris LeVert Jersey , trade opportunities, job and income generation, infrastructure building and capacity building, said UN Under-Secretary-General for Economic and Social Affairs Wu Hongbo.
Protesters in Chicago, New York and St. Paul, Minnesota, took to the streets on Thursday to express outrage after the second fatal police shooting of a black man in the United States in two days.
The protests were peaceful but tension was evident after the shooting of Philando Castile Allen Crabbe Jersey , 32, by police near St. Paul late on Wednesday. His girlfriend posted live video on the internet of the bloody scene minutes afterward, which was widely viewed.
Castile’s death occurred within a day of the shooting of 37-year-old Alton Ste. Wholesale Jerseys China Wholesale Jerseys From China Jerseys Wholesale NHL Jerseys China MLB Jerseys China Adidas NHL Jerseys Cheap Nike NFL Jerseys Wholesale NFL Jerseys Online College Jerseys Cheap Custom Jerseys Cheap