10Th Belt, Road Summit Kicks Off On Wed. In Hong Kong

(MENAFN- Kuwait News Agency (KUNA)) By Bader Al-Bedah
HONG KONG, Sept 9 (KUNA) -- The 10th edition of the Belt and Road Summit is scheduled to kick off on Wednesday in the Hong Kong Convention and Exhibition Center on September 10 and 11.
The two-day event is jointly organized by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), and is expected to gather several high-profile senior government officials and business leaders from countries participating in the Belt and Road Initiative (BRI) and explore business collaboration, trade, and investment opportunities.
The summit in the past nine editions have witnessed approximately 45,000 participants from more than 120 countries around the world, including Kuwait.
On that matter, Charge d'Affaires and interim of the Embassy of China Liu Xiang told KUNA in a statement that Kuwait was the first country in the Middle East to sign a cooperation document with China on jointly building the Belt and Road Initiative.
"In recent years, China and Kuwait have worked together to strengthen the synergy between the Belt and Road Initiative and Kuwait Vision 2035, deepen mutually beneficial cooperation, and promote common development. At present, the two sides are advancing the implementation of a series of major cooperation agreements witnessed the singing of them by the heads of both countries, with positive progress achieved across the projects. Cooperation between the two countries in traditional energy, renewable energy, infrastructure, finance, the digital economy, and desertification control is steadily expanding, with broad prospects ahead," said Xiang.
"Economic and trade cooperation between the Hong Kong Special Administrative Region of China (HKSAR) and Kuwait also enjoys a solid foundation. In May this year, Chief Executive of HKSAR John Lee visited Kuwait, met with His Highness the Amir of Kuwait Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah and His Highness the Crown Prince Sheikh Sabah Khaled Al-Hamad Al-Sabah, and engaged with Kuwait's business community. During the visit, Hong Kong and Kuwait signed 24 memoranda of understanding (MoU) and cooperation agreements, yielding fruitful outcomes," he pointed out.
"Recently, the Shanghai Cooperation Organization (SCO) Summit was successfully held in China. During the meeting, Chinese President Xi Jinping called for better alignment of development strategies, and promoting the high-quality implementation of the Belt and Road Initiative, and strengthening the momentum of regional development and improve the well-being of the people. Kuwait is a partner country of the SCO, also a close friend and reliable partner of China," he noted.
"China stands ready to work with Kuwait under both bilateral and multilateral frameworks to deepen practical cooperation across sectors, and promote the upgrading of physical connectivity, the strengthening of institutional connectivity and the deepening of people-to-people connectivity, so as to contribute to building a China-Arab community with a shared future and deliver greater benefits to the two peoples," he added.
The Belt and Road Initiative (BRI) is a massive global infrastructure and economic development project launched by China in 2013.
It is China's strategy to boost global trade and stimulate economic growth across Asia and beyond by developing trade routes and investing in infrastructure.
"Belt" refers to the Silk Road Economic Belt, connecting China to Europe via Central Asia and the Middle East (land routes). Meanwhile, "Road" refers to the 21st Century Maritime Silk Road, connecting China to Southeast Asia, Africa, and Europe via sea routes. (end)
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