"Convenient transport links will also boost tourist arrivals".
As China prepares to host a major summit on its high-profile One Belt One Road initiative (OBOR) on May 14 and 15, much of the hype and hyperbole surrounding China's seemingly inevitable rise to Asian-and even global-leadership is certain to be renewed.
The forum will be China's first chance since OBOR's launch in 2013 to formally communicate its policies to participants on a large scale, said Li Ziguo, deputy director of the OBOR research center at the China Institute for International Studies.
"Southeast Asian countries would tell me "we want you, we want the TPP, then we can balance China with the United States", Mr Baucus told The Associated Press. The company invested US$12.6 billion in belt and road projects in 2016, accounting for one-10th of the US$126 billion of new projects that Chinese firms signed past year. These strategies include setting up in February of the Working Committee for the Development of "Belt and Road" Initiative, a body chaired by the Chief Executive and with the five government secretaries as members. He will also speak at the thematic session on financial connectivity in the afternoon. Credit Suisse Group AG analysts expect China to pour more than half a trillion dollars into the efforts.
A Pakistan Navy soldier stands guard while a loaded Chinese ship at Gwadar port that links to China's far western region on a new global route exporting goods to the Middle East and Africa, about 700 kilometres west of Karachi.
"Although infrastructural projects along the routes tend to have a longer investment horizon, most are commercially profitable".
One reason is the China Pakistan Economic Corridor (CPEC) that passes through Pakistan-occupied Kashmir.
Tyroller pointed out that the direct freight train service connecting China and Europe enables Bosch to deliver goods with shorter cycle and lower cost to the Far East.More news: Crude Oil Prices Near Five-Month Low
"That is something I, myself, and other African colleagues will be keen to share while in China", he added.
In reality, however, reports abound of delays and confusion.
Some Western diplomats have expressed concern in private at the high billing at the summit given to countries with poor human rights records, like Russian Federation and the Philippines.
More than 50 cooperative documents to support infrastructure construction are expected to reach agreement during the forum, according to Fei Zhirong, head of Basic Industry Department under the commission.
China's state-owned enterprises and private companies have long invested overseas.
The European Union's ambassador to Beijing, Hans Dietmar Schweisgut, recalled that EU companies have repeatedly complained about unequal market access in China. China has previously said its highway work "targets no third country".
"Some ports in Chinese mainland will also be enlarged, and Yantian Port in Shenzhen is among the potential ones", Ip said, adding that the expansion goes beyond capacity building.
Najib said the experience and expertise of Jack Ma, the founder of Alibaba and now the national digital economy adviser, was able to boost the Malaysian economy through the Digital Free Trade Zone which was launched in March.