ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2023
  • Adani Saga
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Real Estate
    • Home Buyers
    • Builders
  • Axis MF
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • Viral
    • Education
    • Jobs
Read in App
Business News » India News

China, US will have some practical cooperation on OBOR: Envoy

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App

Ahead of President Donald Trump's visit to Beijing next month, China's envoy here has welcomed America's participation in the One Belt One Road (OBOR) initiative, saying the two countries can have some practical cooperation on the project.

The Belt and Road Initiative (BRI) is a demand of the world's development, and it should follow the principle of achieving shared growth through discussion and collaboration, Chinese Ambassador to the US Cui Tiankai told reporters here.

The BRI is a development strategy proposed by China's President Xi Jinping to improve connectivity and cooperation between Eurasian countries.

"This initiative is not limited by the geographical region, it is open to the world, so we welcome the US to join us. Lots of political experts and entrepreneurs are very interested in it. We already have had some discussion," he said.

"I hope we can deepen these communication, and China and US will have some practical cooperation with the Belt and Road Initiative," Cui said in response to a question amidst reports that Japan, India and the US are working on initiatives that would provide alternative financing to countries seeking investment.

Cui said there should be no "strategic competition" between China and the US.

The two countries should find a way to co-exist based on a win-win cooperation, he said.

"I think the so-called "China model," the meaning of China model, shows to the world that the development of a country does not need to follow a specific pattern. Each country should find a development path that suits its own national conditions. Every country should have a custom development model and this is the core meaning of China model.

It shows possibility to the world," he said.

Noting that in Chinese there is an expression: "harmony but not uniformity," he said "to achieve a harmonious world which is set up on the basis that fully reflects diversity, if China did it, that is to show all other countries of the world that they can follow this way as well".

"In English, there is a term called "all roads lead to Rome", and every country can go its own way. China has taken the path of socialism with Chinese characteristics for so many years. It was quite a success so far," Cui said adding that he believes that that is an inspiration to many nations.

Cui said Trump's first visit to China will be a historic moment. Trump would be the first head of state to visit China after the recently concluded 19th Communist Party of China Congress, which laid the blueprint for China's development in next few decades.

This conference confirmed that China will stick to the path of peaceful development and the win-win strategy of opening-up, as well as seek the common interests and strengthen the cooperation with powerful countries, he said.

"Such a situation will ensure a successful visit. I hope, and I believe that this meeting between the two leaders will give a clear direction and strategy on the development of the two nations. If an agreement can be reached in the highest strategic dialogue between the US and China, which is primarily favourable for two countries and international society," he said.

"I hope, China and the US, as permanent members of UN Security Council, as the first and the second largest economics, can take the obligations and play a role in cooperating in the international community, facing the global challenges, and strengthening the global governance. We also hope that this can be one of the achievements of Trump's visit," Cui said.

Trump will travel to Japan, South Korea, China, Vietnam and the Philippines from November 3-14. It will be Trump s first visit to the region as president.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
Updated: Tue, Oct 31, 2017
01:19 pm
PTI
RELATED NEWS
GST Council to meet on February 18 GST Council to meet on February 18
No timeline to remove old tax regime, Revenue Secretary Sanjay Malhotra says No timeline to remove old tax regime, Revenue Secretary Sanjay Malhotra says
RBI to hike repo rate by 25 bps in February, ending tightening cycle: Reuters poll RBI to hike repo rate by 25 bps in February, ending tightening cycle: Reuters poll
Pakistan raises petrol price by Rs 35, pushing retail cost to a whopping Rs 249.80 per litre amid severe food, energy crisis Pakistan raises petrol price by Rs 35, pushing retail cost to a whopping Rs 249.80 per litre amid severe food, energy crisis
Budget 2023: Why budget's printing was shifted to North Block from Rashtrapati Bhavan? Budget 2023: Why budget's printing was shifted to North Block from Rashtrapati Bhavan?

LATEST NEWS

JBM Group to foray into electric bus markets of THESE 6 states - check list here

Lupin's subsidiary recalls over 5,500 skin treatment ointments from US amid manufacturing issue

Orchasp Limited bags order from Centre for Railway Information

ITC Dividend 2023: Check record date, ex-date and payment date | ITC Share Price NSE Target

Vani Jayaram, veteran playback singer, dies at 77

SEBI proposes to allow alternative investment funds' to carry forward unliquidated investments to new schemes

GST Council to meet on February 18

Railways plans to upgrade ticketing capacity from 25,000 to 2.25 lakh per minute: Union Minister Ashwini Vaishnaw

Fire breaks out near Mata Vaishno Devi shrine in J&K's Reasi, no casualty reported

Kiara Advani and Sidharth Malhotra wedding: Bride-to-be arrives at marriage venue in Jaisalmer

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. India Dot Com Private Limited. All Rights Reserved.
LIVE TV