which means the project will provide a large number of jobs to lo
cal communities,” he said. “It is expected that up to 100,000 to 200,000 locals will be d
rawn to the new economic zone after its completion. They will rise out of poverty by working in this zone.”
The project will be beneficial to both China and Cambodia, Qian said.
“Many Chinese companies go overseas to expand their businesses. However, because of a la
ck of experience and related knowledge, most of them face huge obstacles abroad,” he said. “Our company has done overseas business for mo
re than 40 years and will provide a familiar business environment for other Chinese companies in the new economic zone.”
Some Chinese companies have decided to join the investment in the ne
w Cambodia project, Qian said, adding that in his opinion, a company should follow the nati
onal policy and direction such as Belt and Road Initiative while being profitable at the same time.
project, 95 percent of it provided by China through preferential and b
uyers’ loans. China Export and Credit Insurance Corporation, a State-funded policy-oriented i
nsurance company, provided insurance services for the project, which helped the local government sacure $680 milli
on in business loans from Chinese banks, greatly reducing pressure on the project’s financing.
Mozambique’s President, Filipe Jacinto Nyusi, had long nursed ambitions of one day seeing a bridge lin
king Maputo city center and Katembe, and when it was finally opened in November he said it wou
ld greatly facilitate transport and connectivity between Mozambique and other parts of Africa.
Wang said the bridge will give great economic stimulus to Katembe, long underdeveloped because of its poor tran
sport access. It also eases demographic pressures on Maputo, a city with a population of 1.7 million.
preferred by travelers for the four-day vacation. In most cases, it takes travelers under five hours to get to their destinations.
In addition Shanghai’s Disney theme park, Guangzhou’s Chimelong Safari Park and Cho
ngqing’s Hongyadong were predicted to be the hottest three tourist attractions on the Chinese mainland.
Two thousand years ago, the ancient Silk Road opened the door for Chengdu to connect with th
e rest of the world. Now, fueled by the Belt and Road Initiative, the city again stands at the forefront of ope
ning-up, developing its industries, creating value and making innovations on the global stage.
The first freight train from Luxembourg to Chengdu departed on April 4. The train, branded under the “China Railway Express” bann
er, passed through Germany, Poland, Belarus, Russia and Kazakhstan, and then entered China through the Al
ashankou port in the Xinjiang Uygur autonomous region. The travel time, from start to finish, was 15 days.