The Belt and Road Initiative, China's drive to revive ancient trading routes to carry goods across regions ranging from Europe to Africa, will be heavily reliant on efficient transportation systems via the Silk Road Economic Belt and 21st Century Maritime Silk Road.As such, the nation's oceangoing merchant fleet is becoming increasingly important, but low wages, poor onboard conditions and long absences from home mean young people are shying away from a life at sea.That reluctance is a new phenomenon. Forty years ago, being a seaman on a merchant ship was a respected and sought-after job because the wages were good and the opportunities for overseas travel were very attractive.However, there was another crucial factor: the chance to buy one or even all of the "four essential items"-a television, a refrigerator, a washing machine and a tape recorder.These items represented status and fortune, but most people found them almost impossible to obtain. Sailing was one of the few jobs that offered relatively easy access to them."At the time we were allowed to buy one of the four items-minus import duty-for every 90 days we spent aboard ship. They weren't available at home," said Huang Jialin, who has been a sailor for more than 30 years.The 57-year-old is captain of the MV Tianbaohe, a container ship owned by China Cosco Shipping Corp, whose 1,114-vessel fleet is the largest in the world."We earned high incomes, supplemented by a daily subsidy of .30 while we were at sea," he recalled. "My salary was 10 times more than my wife's. Being a sailor was a valued job back then."
The Belt and Road Initiative aims to build stronger links among nations across the globe. [Photo/VCG]
The CIIE has been serving as a vital platform in providing important opportunities for more and more global excellent exporters to set foot in the Chinese market and benefit from the rapid development of Chinese economy, Dai said.
The BOC will be allowed to issue bonds worth up to 40 billion yuan (.9 billion), according to the China Banking and Insurance Regulatory Commission.
The COVID-19 outbreak has hampered many businesses, but has triggered an unexpected surge in demand for refrigerators, microwave ovens and other kitchen appliances, as more people stay at home to cook.
The Beijing Municipal Administration of Traditional Chinese Medicine has jointly developed with multiple municipal departments a Chinese-English bilingual online platform-the Beijing Remote Health Service Platform-to share with the world China's experiences of fighting the disease using TCM.
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The Belt and Road Initiative has already produced several tangible results, which will continue to boost revenue growth of both Chinese and foreign companies, while improving their ability to execute big-ticket projects, an executive of CITS American Express Global Business Travel said.
The B&R Initiative is in favor of maintaining multilateralism and international cooperation, while France and Europe should participate in this initiative in a "more active" way, French former Prime Minister Jean-Pierre Raffarin said at the Forum.
The Beijing Power Exchange Center vows to replace 21.1 billion kWh of thermal power generation with clean energy in 2018, a year-on-year increase of 54 percent.
The Belt and Road Initiative, also known as the Silk Road Economic Belt and the 21st Century Maritime Silk Road, aims to build a trade and infrastructure network connecting Asia with Europe and Africa along ancient trade routes.