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May 14,2017
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Global  News

China to Extend 'Silk Road' Plan to Afghanistan

China is extending its Belt and Road Initiative to include Afghanistan.The development plan refers to the historic Silk Road between China and the West. It aims to link more than 60 countries from Asia to Europe, through land and maritime trade routes.Chinese President Xi Jinping introduced the plan in 2013.The extension plan would involve extending the China Pakistan Economic Corridor, known as CPEC, to neighboring Afghanistan. The CPEC is a program within the larger Belt and Road Initiative.China is now preparing for the first Belt and Road Forum, a meeting of countries involved in the development project. The two-day event begins Sunday in Beijing. More than 25 heads of state will attend the meeting.

Peaceful Uses of Nuclear Technology

In 1953, then U.S. President Dwight Eisenhower in a speech to the UN General Assembly proposed the “Atoms for Peace” program, including the establishment of what would become the International Atomic Energy Agency, or IAEA, to facilitate the exchange of nuclear technology for peaceful uses and safeguard against their diversion to weapons.Since that time, the United States has been a leader in international civil nuclear cooperation and the peaceful uses of nuclear energy. It is the single largest contributor to technical cooperation activities of the IAEA, helping Member States apply nuclear technology to address national development needs. The assurances provided by the Nuclear Non-Proliferation Treaty and the safeguards of the International Atomic Energy Agency have helped make today's vibrant exchange of nuclear energy, science, and technology possible.

 

Xi's Belt and Road speech wins wide praise

 

President Xi Jinping's keynote speech at the opening ceremony of the two-day Belt and Road Forum for International Cooperation on Sunday earned wide praise from experts, international delegates and entrepreneurs.

 

"Spanning thousands of miles and years, the ancient silk routes embody the spirit of peace and cooperation, openness and inclusiveness, mutual learning and mutual benefit," Xi told an audience of more than 1,500 from across the globe.

 

The Belt and Road Initiative is "a project of the century" that will benefit people across the world, he said.

 

Here is a collection of comments from attendees.

 

Laurent Guyot, CEO of Thales China and vice-president of Thales Group - North Asia

 

President Xi's speech certainly is encouraging and can generate many market growth points for both foreign and Chinese companies in the long-term. The Belt and Road Initiative is not only a simple instrument of promotion of trade. It is also a way of increasing connectivity, exchanges, mutual understanding and respect. Increasing connectivity, improving traffic infrastructures are two major pillars of the initiative.

 

We are willing to enhance the cooperation with countries and regions related to the initiative in areas including aerospace, transport, defense and security markets.

 

Thanks to its expertise in rail signaling and its advance in air traffic management, Thales is a major contributor to the improvement of safety, speed and efficiency in railways and air transport. It is easy to see what contributions Thales can make to the development of the Belt and Road Initiative.

 

Sun Pishu, chairman and CEO of Inspur, China's biggest server maker

 

President Xi’s speech shows that China is a responsible country that aims to not only drive its own growth but boost the development of other countries and regions. We will step up efforts to share China’s experience and technology with other economies.

 

President Xi also emphasized that it is of high importance to nurture new growth points by taking advantage of new opportunities brought by the new industrial revolution. I believe the fourth industrial revolution is the only way to boost the global economic recovery. The new economy, bolstered by cloud computing, big data, Internet of Things and artificial intelligence, is thriving and promoting the integration of traditional industries and new technologies. It has spawned many new formats. It will promote the transformation and upgrading of the global economy.

 

Sino-US deal eases access to markets

 

China and the United States have reached a new deal that will ease market access in the areas of agriculture, financial services and energy, marking both sides' willingness to advance the trade relationship and alleviating fears of a trade war between the world's two largest economies.

 

The 10-part deal was hailed as an "early harvest" from the 100-day action plan that Chinese President Xi Jinping and US President Donald Trump agreed to pursue at their Mar-a-Lago meeting in the United States in April.

 

Under the agreement released on Friday, China agreed to resume imports of US beef by July 16. In return, the US agreed to open its market to Chinese cooked poultry.

 

In financial services, China pledged to grant market access to US credit rating agencies and credit card companies and agreed to issue licenses to "two qualified US financial institutions" for the interbank bond underwriting and settlement business.

 

Other agreements included the US easing restriction on liquid natural gas exports to China, the expediting of Chinese approval of US genetically modified products, and cooperation between Chinese and US financial regulators over cross-border settlements and transactions.

 

Beijing and Washington also agreed to discuss extending the initial 100-day action plan to a one-year plan. The two sides will hold the first meeting of the Comprehensive Economic Dialogue during the summer this year.

 

Vice-Finance Minister Zhu Guangyao said the deal was a result of cooperation based on the principle of mutual benefits, stressing that the agreement was not "a list of one side's concessions".

 

"The Chinese and US teams carried out nearly 30 rounds of consultation to achieve the agreement. It was a result of cooperation and reflected the expectation of the people of the two countries," Zhu told reporters at a news conference.

 

Vice-Commerce Minister Yu Jianhua said the agreement altered the expectation of a possible trade war between the two sides, adding that stable China-US relations will be a "positive force" for the recovery of the global economy.

                                    Edited by Terrance(曹静怡),from 2016 Japanese class

 
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