LINE

Text:AAAPrint
Economy

‘Belt and Road’ initiative facilitates healthy economic globalization: scholar

1
2017-06-08 10:28People's Daily Online Editor: Wang Zihao ECNS App Download

The China-proposed "Belt and Road" initiative is a great blueprint since it incorporates several billion of population under the same framework of win-win development, Shigeo Katsu, president of Nazarbayev University, told the People's Daily in a recent interview.

The scholar made the remarks just before Chinese President Xi Jinping kicked off his state visit to Kazakhstan on Wednesday.

President Xi delivered a speech in the university, proposing to jointly build a Silk Road Economic Belt on September 7, 2013. The Belt and Road construction officially started hereafter.

Katsu, who was also former vice-president of World Bank in charge of European and Central Asian economic affairs, has a deep understanding of global and regional economic development.

He believed the China-proposed Belt and Road initiative is of great significance for global trade liberalization and economic globalization, especially against the uprising tide of protectionism.

As a Japanese working in Kazakhstan, Katsu has witnessed the changes brought by the Belt and Road construction on the country over the last three years. He said that the proposal has provided tangible benefits for the country located in the hinderland of the Eurasian continent.

"Kazakhstan has benefited in terms of both transportation and talent attraction," Katsu said, adding that China's increasing direct investment injects new energy to Kazakhstan's economic growth.

"I'm looking forward to China's bigger role in the international community," the president said. The world is facing various challenges including climate change, which calls for joint efforts rather than independent actions, he furthered.

Katsu noted that Xi's calls to build the community of common destiny for all mankind in his speech delivered at the UN headquarter in Geneva in January is encouraging as it reveals China's sense of responsibility as a major country.

Katsu, also an economist, is optimistic on China's economic development, saying that China has already made progress in its transformation from export-oriented economic growth model to one that is driven by domestic demand. "China's economy is developing on the right track," he added.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.