Commencement ceremony of China-Kyrgyzstan-Uzbekistan Railway Project held in Kyrgyzstan

China

Commencement ceremony of China-Kyrgyzstan-Uzbekistan Railway Project held in Kyrgyzstan

2024-12-28 03:10 Last Updated At：16:27

The commencement ceremony of the China-Kyrgyzstan-Uzbekistan railway project was held in Jalalabad, Kyrgyzstan on Friday.

Chinese President Xi Jinping sent a congratulatory letter to the commencement ceremony of the cross-border railway project.

In his letter, Xi emphasized that the construction of the China-Kyrgyzstan-Uzbekistan railway is a strategic decision made by the governments of the three countries to enhance regional connectivity, prosperity, and stability.

He noted that the project represents a significant step forward in promoting cooperation and development across the region.

At the ceremony, representatives from the three countries unveiled the project's cornerstone.

President Xi's Special Envoy and director of the National Development and Reform Commission, Zheng Shanjie, attended the launch ceremony.

Zheng read out President Xi's congratulatory letter and delivered a speech at the event, emphasizing the project's significance as a milestone in trilateral cooperation.

He noted that the railway will establish a new land corridor connecting Asia and Europe, greatly contributing to regional prosperity.

He also underscored the importance of close collaboration among the three countries to ensure high standards and high-quality progress in the railway's construction.

Kyrgyz President Sadyr Japarov attended the event, stating that the railway will serve as an important strategic bridge connecting the countries of the East and the West.

He expressed confidence that the three countries will complete the project with high quality, paving the way for new opportunities for common development in the region.

The railway is a flagship project of the Belt and Road Initiative, personally championed by the heads of state of China, Kyrgyzstan and Uzbekistan. It serves as a strategic connectivity project linking China with Central Asia.

Originating in Kashgar, located in China's Xinjiang Uygur Autonomous Region, it will cross the Torugart Pass into Kyrgyzstan, proceed westward through the Kyrgyz border city of Jalalabad, and terminate in the eastern Uzbek city of Andijan.

Based on the current progress, the project is set to officially begin construction in July 2025 and is projected to take six years to complete.

Global trade friction level remains elevated in October

2024-12-28 15:22 Last Updated At：16:07

Global trade frictions remained at an elevated level in October, data from China's trade promotion body showed Friday.

The Global Economic and Trade Measures Index (GETMI), introduced by the China Council for the Promotion of International Trade (CCPIT), stood at 102 in November, with both year-on-year and month-on-month figures declined, but still remained at a high level, said a CCPIT spokesman during a press conference in Beijing on Friday.

"In terms of sub-indexes for all the 20 countries and regions under the monitoring scope, the United States, India, and Mexico were the top three countries with the highest trade friction indexes, and the United States' global economic and trade friction measures involved the largest amount of money," said Sun Xiao, the CCPIT spokesman, during the press conference.

Judged by the sub-indexes of industries, the electronics industry ranked first among the 13 major industries under monitoring, and enterprises in this field are advised to pay close attention to the economic and trade policy dynamics of relevant countries and regions, and take precautions and respond in a timely manner, according to the spokesman.