2018年CRI China's Leading Role Strengthens Regional Economic Cooperation

 

Experts and officials from both home and abroad have highly commented on China's leading role in regional economic development during the Shanghai Cooperation Organization Summit. Let's follow our reporter Liu Min to find out more.

Over the past four years, a batch¹ of major joint² projects have been completed in SCO member states under the framework of Belt and Road, including highways, railways, tunnels and electric power plants, which improve the cross-border logistics conditions and promotes the development of the SCO countries.

In an exclusive interview with CRI, the Pakistan ambassador to China Masood Khalid gives credit to China's role in the economic development of the SCO regions.

"In the course of peaceful development, China is playing a very important role in boosting the regional economic development in Asia. When we talk about the interconnection, logistics connectivity, roads connection, trade and many other aspects, we'd find that without China, all those can hardly be realized. That's why China plays a pivotal role in the SCO."

According to the stats from 2016, the overall GDP of the SCO countries exceeded $15 trillion US Dollars, making up 21% of the global GDP, and the total export volume exceeded $6 trillion US Dollars, accounting³ for 13%. In the same year, the member states of SCO have seen their GDP increase 4.84% on average, twice the global average. The overall foreign direct investment of SCO countries totalled 11% of the entire global volume. According to the Ministry⁴ of Commerce, China's total trade volume with Shanghai Cooperation Organization (SCO) member countries rose to $217.6 billion in 2017, a 19 percent increase from the previous year.

Liu Ying, a professor of Renmin University, oversees⁵ research into the Belt and Road Initiative. He says China invests heavily in numerous infrastructure⁶ projects to connect the region.

"As early as in 2009, China proposed a loan worth more than 10 billion US Dollars at the SCO Summit to maintain stability in the region. Later, China led several major projects with billions of dollars investment to connect the central Asian countries in infrastructure. For example, the China contributed more than 2 billion US Dollars on the China-Kazakhstan 'capacity cooperation' fund"

In order to boost regional economy and trade, initiatives on several major projects for infrastructure like the China-Kyrgyzstan-Uzbekistan road, the China-Central Asia natural gas pipeline⁷, the construction of the China-Kazakhstan and China-Russia crude oil pipelines⁸, have been a tremendous boost to the local economy and trade in the region.

The Pakistan ambassador to China Masood Khalid says the Shanghai Cooperation Organization has done a great job in maintaining regional stability which further adds to the growth of the local economy.

"The SCO dedicate to boost member state's trade and economic development to realize a wealthy and happy living for local people in the region. The priority is stability and peace. The SCO has done a lot to reach both stability and prosperity in economy at the same time."

Through cooperative efforts, China and other SCO member states will continue to develop a healthy economic cooperation with one and another, building a community shared by regionally and throughout the world.

For CRI, I'm Liu Min.

1 batch   

n.一批(组，群)；一批生产量

参考例句：

• The first batch of cakes was burnt.第一炉蛋糕烤焦了。
• I have a batch of letters to answer.我有一批信要回复。

2 joint   

adj.联合的，共同的；n.关节，接合处；v.连接，贴合

参考例句：

• I had a bad fall,which put my shoulder out of joint.我重重地摔了一跤，肩膀脫臼了。
• We wrote a letter in joint names.我们联名写了封信。

3 accounting   

n.会计，会计学，借贷对照表

参考例句：

• A job fell vacant in the accounting department.财会部出现了一个空缺。
• There's an accounting error in this entry.这笔账目里有差错。

4 ministry   

n.(政府的)部；牧师

参考例句：

• They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。
• We probed the Air Ministry statements.我们调查了空军部的记录。

5 oversees   

v.监督，监视( oversee的第三人称单数 )

参考例句：

• She oversees both the research and the manufacturing departments. 她既监督研究部门又监督生产部门。 来自《简明英汉词典》
• The Department of Education oversees the federal programs dealing with education. 教育部监管处理教育的联邦程序。 来自互联网

6 infrastructure   

n.下部构造，下部组织，基础结构，基础设施

参考例句：

• We should step up the development of infrastructure for research.加强科学基础设施建设。
• We should strengthen cultural infrastructure and boost various types of popular culture.加强文化基础设施建设，发展各类群众文化。

7 pipeline   

n.管道，管线

参考例句：

• The pipeline supplies Jordan with 15 per cent of its crude oil.该管道供给约旦15%的原油。
• A single pipeline serves all the houses with water.一条单管路给所有的房子供水。

8 pipelines   

管道( pipeline的名词复数 )； 输油管道； 在考虑（或规划、准备） 中； 在酿中

参考例句：

• The oil is carried to the oil refinery by pipelines. 石油通过输油管输送到炼油厂。
• The oil carried in pipelines. 石油用管道输送。