China invites North Korea to join Silk Road project
China’s ambassador to Pyongyang has asked the North Korean government to join the ambitious Silk Road project aimed at reviving the ancient trade route between Asia and Europe.
Li Jinjun put forward the suggestion during a recent meeting with North Korea’s Minister of Foreign Trade Ri Ryong-nam in Pyongyang.
According to a statement posted on the website for the Chinese embassy in North Korea, the ambassador expressed hope that the two sides will work to strengthen bilateral economic and trade ties.
“Ambassador Li introduced the concept and vision of ‘One Belt, One Road’ and hopes the two sides will work together to seize the opportunity to promote China-North Korea economic and trade cooperation,” the statement read.
Economic experts say the initiative aims at building ports, expressways, railways and other infrastructure.
Senior Chinese officials have been pushing for the project and allocated a USD-40-billion fund for its implementation.
Chinese President Xi Jinping also highlighted the significance of the Silk Road project during his recent visit to Pakistan. China has announced an investment plan which will largely focus on an economic corridor from the port of Gwadar, located in Pakistan’s southwestern province of Balochistan to Kashgar in the Chinese region of Xinjiang.
China says the Silk Road project will “connect Asian, European and African countries more closely.”
JR/HSN/HMV
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