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Politics

'China mark' shines in development of Asia-Pacific(2)

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2017-12-26 16:02Xinhua Editor: Gu Liping ECNS App Download

In fact, the concept of the China-ASEAN (the Association of Southeast Asian Nations) community of a shared future and the community of a shared future in the Asia-Pacific is becoming a reality with the commencement of such flagship infrastructure projects as the Jakarta-Bandung railway, the China-Laos railway and the Colombo Port City project.

Many countries have begun to achieve early-stage harvests from the building of a community with shared future, showing its practical and demonstration effects.

For example, the China-Myanmar crude oil and gas pipeline, a pioneer project of the China-proposed Belt and Road Initiative, has brought tangible benefits to Myanmar.

The oil pipeline has a designed annual transport capacity of 22 million tons, while the natural gas pipeline has a designed annual transport capacity of 13 billion cubic meters. The crude oil pipeline was put into operation in April 2017, and the gas pipeline went into full operation in 2013.

The China-Myanmar crude oil and gas pipeline has effectively driven the development of Myanmar's petrochemical production, raised the degree of local industrialization and electrification, promoted its socioeconomic development and created jobs for the locals.

Bernard Goonetilleke, chairman of Sri Lanka's think tank Pathfinder Foundation, said that as early as more than 2,000 years ago, Chinese thinkers dreamed of "great unity in the whole world," and now the idea of building a community of shared future for mankind is making the dream come true.

Besides, China's vision of a community with shared future charts a course for the integration of the Asia-Pacific Economic Cooperation (APEC) forum as APEC economies pledged to foster a shared future of a peaceful, stable, dynamic, inter-connected and prosperous Asia-Pacific community at the 25th APEC Economic Leaders Meeting in Vietnam.

BACKBONE OF REGIONAL ECONOMIC INTEGRATION

While Europe is faced with difficulties in economic integration due to Brexit, the Asia-Pacific region, led by China, is moving fast on economic integration, injecting strong impetus to the otherwise frustrated process of globalization.

At the regional level, China's vigorous promotion of economic integration played a backbone role. A telling example is the construction of the Free Trade Area of the Asia-Pacific (FTAAP), a strategic initiative critical for long-term prosperity of the Asia-Pacific region.

Professor Fariborz Moshirian, director of the Institute of Global Finance at the University of New South Wales in Sydney, has said what China has done in terms of feasibility studies for free trade and its attempt to be more inclusive should be welcomed.

At the sub-regional level, China has proposed advancing the construction of an East Asia Economic Community and drawn the outline of a roadmap for achieving it.

Integration between ASEAN and China has also been making solid progress. In november, the two sides issued a joint statement on further strengthening inter-connectivity, and agreed to align the Belt and Road Initiative with the Master Plan on ASEAN Connectivity 2025.

This was the first time in ASEAN's 50-year history that the regional bloc's development strategy is aligned with that of China, which is expected to unleash huge potential for economic integration between them.

As an old saying in China goes, only heart-to-heart exchanges can last long. China has embarked on a new expedition of building a community with shared future for mankind. A China with stronger development momentum and more shared interests with the world will surely contribute more to the Asia-Pacific region and the world at large.

The Belt and Road Initiative, which comprises the Silk Road Economic Belt and the 21st Century Maritime Silk Road, was brought up by Chinese President Xi Jinping in 2013, with the aim of building a trade and infrastructure network connecting Asia with Europe and Africa along the ancient Silk Road routes.

  

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