Belt & Road Initiative: World Xi'an Entrepreneurs Convention examines achievements
Updated 18:29, 03-Jul-2018
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03:29
The Belt & Road Initiative is a platform designed to closely connect Asian, European and African economies and to promote mutually beneficial cooperation. Over years of development, many sectors are already seeing growth and plenty of opportunities. One is solar energy, and CGTN's Liu Yang visited one of the world leaders in the industry in the ancient city of Xi'an to see how the Belt & Road initiative has boosted its performance.
Over the past 30 years, Li Zhenguo has been focusing on doing one thing right - using solar energy to produce large quantities of sustainable clean energy. Now his company is the world's largest manufacturer of mono silicon photo-voltaic products. His company has even built production bases in Malaysia and India, and is offering efficient mono silicon products and services for customers around the world. And Li says much of his company's recent growth is down to the Belt & Road.
LI ZHENGUO, PRESIDENT LONGI GREEN ENERGY TECHNOLOGY "Over the past five years, through the belt and road initiative, our company has developed very well. Five years ago, our sales revenue was about 2 to 3 billion yuan. Now we have reached more than 16 billion yuan, while net profit has climbed to over 3 billion yuan. During this period, our enterprises have developed very well. In the future, we hope to take advantage of the opportunities."
Clean energy is one of the hot topics at this year's World Xi'an Entrepreneurs Convention. Business leaders and guests from around the world have come together to discuss development and cooperation opportunities under the Belt and Road Initiative. They believe gatherings like this are crucial to their strategies.
EVANGELOS XIGOROS, PRESIDENT MESSINIAN CHAMBER OF COMMERCE & INDUSTRY "Global economy is changing, so we are trying to find the right places, and the right recipes and how to make business together for future. We are trying to make allies with many other countries, and make business together which is going to be much more vital."
Nearly 90 countries and international organizations are cooperating with China under the Belt & Road framework. Scores of overseas economic and trade cooperation zones are now being built in these areas by Chinese enterprises. They account for about 25 billion U.S. dollars worth of investment, and the creation of more than 200,000 local jobs.
WANG XUN, VICE PRESIDENT WORLD TRADE CENTERS ASSOCIATION ASIA-PACIFIC REGION "We were amazed that this initiative has achieved a lot. Based on our observation, the international trade between the belt and road countries is about 10 trillion US dollars, there was a 17 percent increase year by year, and also it has very much become a public good on the global scale and has a lot of recognition."
Like Li Zhenguo, many other entrepreneurs are also seeing first-hand the opportunities that are being generated from the Belt & Road initiative. And they're keen to use the various routes to find fresh sources of growth and be ready for a new era of global business. Liu Yang, CGTN, Shaanxi Province.