OBOR features prominently at China’s 19th Communist Party Congress

Chinese president Xi Jinping arrives for the opening of the 19th national congress of the Communist party of China at the Great Hall of the People in Beijing. Photograph: Jason Lee/Reuters

Tom Phillips in Beijing
Wednesday 18 October 2017 05.54 BSTLast modified on Wednesday 18 October 2017 23.58 BST
Xi Jinping heralds 'new era' of Chinese power at Communist party congress
At start of week-long meeting, president tells delegates in 3hr 23min speech to ‘strive with endless energy toward national rejuvenation’ Xi Jinping has heralded the dawn of a “new era” of Chinese politics and power at the start of a historic Communist party congress celebrating the end of his first term in office. Speaking in the Great Hall of the People in Beijing, at the start of the week-long 19th party congress, Xi told delegates that thanks to decades of “tireless struggle” China stood “tall and firm in the east”. Now, Xi said, it was time for his nation to transform itself into “a mighty force” that could lead the world on political, economic, military and environmental issues … for more, go to https://www.theguardian.com/world/2017/oct/18/xi-jinping-speech-new-era-chinese-power-party-congress 

OBOR features prominently at China’s 19th Communist Party Congress

KUALA LUMPUR (October 2017): As analysed correctly by I Love Malaysia-China Silk Road earlier, China’s ambitious multi-billion-dollar One Belt One Road (OBOR) initiative was featured prominently at the ongoing 19th Communist Party Congress. (Read this for context: https://ilovemalaysiachinasilkroad.blogspot.my/2017/10/xi-jinping-expected-to-also-mention.html)

Not only is OBOR set to open up China further to the rest of the world, President Xi Jinping also made a global assurance:

Xi Jinping says China will help its manufacturers enter the mid- and high-end segments of the global value chain and nurture world-class producers

OBOR was unveiled in 2013 as an initiative to revive the China Silk Route dubbed as the 21st Century Maritime Silk Road.

Since then, OBOR has been described by many names - The Silk Road Economic Belt, The Belt and Road (B&R) and now China’s preferred identity of The Belt and Road Initiative (BRI).

Whatever you wish to call the initiative, it is Xi’s noble legacy in the making for China - a trans-border expansionist development strategy focused on connectivity and cooperation for the mutual benefits of nations in Europe and Asia via cultural and trade/business exchanges and joint-ventures.

OBOR has thus far focused on infrastructure construction, railway and highway, automobile, real estate, power grid, and iron and steel.

It has also seen cultural activities and exchanges being promoted to enhance greater understanding amongst the peoples in Europe and Asia.

Read on for the details as reported by ASIA TIMES:

Former Chinese presidents Jiang Zemin and Hu Jintao sing the national anthem next to Xi Jinping during the opening of the 19th National Congress of the Communist Party of China at the Great Hall of the People in Beijing on October 18, 2017. Photo: Reuters / Jason Lee
China to open up to world further with Belt and Road

Xi Jinping says China will help its manufacturers enter the mid- and high-end segments of the global value chain and nurture world-class producers

By JEFF PAO OCTOBER 18, 2017 2:48 PM (UTC+8)

China will further open up its economy to the world with its Belt and Road Initiative (BRI), Xi Jinping, general secretary of the Communist Party of China, said on Wednesday.


“An opening-up economy will improve while a closed one will lag behind,” Xi said in a speech in the Great Hall of the People in Beijing during the opening ceremony of the 19th Party Congress.

China will use the BRI as a core of its development, continue to attract foreign investment while also investing overseas, follow the principles of full consultation, joint development and mutual benefit, and increase its innovation ability, he said.

The country will launch high-level policies to provide more flexibility for the trade and investment sectors, fully implement the “negative list” system while significantly increasing market access, open up its service sectors, and protect the legal rights of foreign investors, he said.

It will grant more administrative power to its free-trade zones and explore opportunities for setting up free-trade ports, Xi said. China will encourage partnerships between local and foreign companies and gradually form an international network for the trade, investment and fundraising, production and service sectors.

“China will support industrial upgrades in traditional sectors and increase the pace of development in modern service industries to reach international standards,” he said. “We will help our manufacturers enter the mid- and high-end segments of the global value chain and nurture a group of world-class product makers.”

In a three-hour speech, Xi also said China would continue to push forward state-owned-enterprise and financial reforms.

After his speech, he shook hands with former general secretary Jiang Zemin and had a chat with another former general secretary, Hu Jintao, who were both sitting next to him. - ASIA TIMES

Media caption: BBC China editor Carrie Gracie has a look at the Communist Party messages all over Beijing
Xi Jinping: 'Time for China to take centre stage'
18 October 2017
China has entered a "new era" where it should "take centre stage in the world", President Xi Jinping says. The country's rapid progress under "socialism with Chinese characteristics" shows there is "a new choice for other countries", he told the Communist Party congress. The closed-door summit determines who rules China and the country's direction for the next term. Mr Xi has been consolidating power and is expected to remain as party chief. The congress, which takes place once every five years, will finish on Tuesday. More than 2,000 delegates are attending the event, which is taking place under tight security. Shortly after the congress ends, the party is expected to unveil the new members of China's top decision-making body, the Politburo Standing Committee, who will steer the country. Listing China's recent achievements in his three-hour speech, Mr Xi said that "socialism with Chinese characteristics in this new era" meant China had now "become a great power in the world", and had played "an important role in the history of humankind". The Chinese model of growth under Communist rule was "flourishing", he said, and had given "a new choice" to other developing countries. "It is time for us to take centre stage in the world and to make a greater contribution to humankind," he added. Since Mr Xi took power in 2012, China's economy has continued to grow rapidly. But correspondents say the country has also become more authoritarian, with increasing censorship and arrests of lawyers and activists … for more, go to http://www.bbc.com/news/world-asia-china-41647872