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China's economic belt plan triggers hot discussion at trade event

Taipei, Aug. 4 (CNA) China's "One Belt, One Road" initiative sparked lively discussion Tuesday on the proposed economic belt's potential business opportunities among entrepreneurs from Taiwan, Hong Kong, Macao and the mainland attending a trade and economic cooperation conference held in Taipei.
Taichung-based Shining Group, Inc. Chairman Lai Cheng-i said his company will follow closely the development of the economic belt, which will connect China with Europe through Central and Western Asia.
The company has plans to expand its luxury hotel brand, the Lalu, to Vietnam's Ho Chi Minh City, Cambodia, Greece and Tokyo. It currently has operations in China's Qingdao and in Taiwan.
"One Belt, One Road" is a contraction for the Silk Road Economic Belt and the 21st-Century Maritime Silk Road. It is an initiative raised by Chinese President Xi Jinping to promote economic and other types of cooperation among countries in the region.
The "One Belt" will link China with Europe through Central and Western Asia, while the "One Road" refers to a maritime route through the Strait of Malacca to India, the Middle East and East Africa.
The 12th trade and economic cooperation conference of the two sides of the Taiwan Strait, Hong Kong and Macao was hosted by the Taiwan Chamber of Commerce and Industry.
Held every two years, the 2015 event drew Lien Chan, an honorary chairman of Taiwan's ruling Kuomintang, Taipei-based Straits Exchange Foundation Chairman Lin Join-sane, and Wang Qinmin, head of the Beijing-based All-China Federation of Industry and Commerce.
Speaking at the conference, China Chamber of Tourism Chairman Wang Ping said that the Chinese tour and travel industry has designated Macao, Fujian, Shandong and Jiangxi as the starting points for the maritime silk road.
He also said that China has been working together with six United Nations organizations to set up meetings among mayors of the various cities on the silk road economic belt. (By Chang Shu-ling and Elizabeth Hsu)

Updated : 2021-09-28 12:48 GMT+08:00