Local govts agreed to support China’s new strategy-“One Belt, One Road”

Silk_routeTwenty out of 31 mainland provincial-level governments from China have clarified their positioning and plans in their support of the country’s “One Belt, One Road” initiative that will boost the economic growth.
The One Belt, One Road strategy, which refers to the Silk Road Economic Belt and the 21st Century Maritime Silk Road, was proposed by President Xi Jinping in late 2013. It was designed to strengthen infrastructure as well as economic and trade ties with countries and regions along the routes.
A total of 16 provincial-level governments, including those in Northwest China’s Qinghai and the Xinjiang Uyghur Autonomous Region as well as Southwest China’s Chongqing and Yunnan, have been designated as the core areas covered under the One Belt, One Road initiative, news portal cnstock.com reported. All of the 16 regions have mapped out their plans to support the initiative, the report said. Four other provincial-level regions including Heilongjiang Province in Northeast China have also showed their willingness to be integrated into the One Belt, One Road strategy, and have drafted specific plans, it said.
Many provincial-level governments have pledged large-scale infrastructure construction projects in their ongoing or just-concluded local annual legislative and advisory sessions in a bid to implement the One Belt, One Road strategy, according to media reports.
For instance, South China’s Guangxi Zhuang Autonomous Region announced it would strengthen connections with neighboring countries in 2015, with financing assistance coming from the USD 40 billion Silk Road Fund, which was set up by the central government in November 2014.
Source: http://en.people.cn photo: theloadstar.co.uk

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