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"Belt and Road" initiatives to bring support for related countries

2015-09-08 16:23

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China's "Belt and Road" initiatives would bring related countries with support of capital, infrastructure and technology thus boosting global economy, said Ghazi Abu Nahl, chairman of the World Trade Centers Association (WTCA), at the 14th World Business Leaders Roundtable on Monday.

China has been pushing forward the projects since it launched the "Belt and Road" initiatives in 2013, and the Asian Infrastructure Investment Bank, the Silk Road Fund, the New Development Bank and the free trade zones have laid firm foundation for the initiatives, he said.

As the number of Chinese people with high income is increasing, he expected China's market to be more open. He also said the "Belt and Road" initiatives involve many countries in a large area which posts challenges of cultural integration and business disputes, but the WTCA would help the countries consolidate resources with its global network and construction of standard system through cooperation of cross-border e-commerce. Founded in 1970, the WTCA's network covers 330 world trade centers in 100 countries, and over 200 of its members are located in important transportation hubs in the world.

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