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New Silk Road expects to extend to Japan, ROK: experts (2)
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15:30, July 05, 2007

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He said Park Geun-hye, one of the candidates for his country''s presidential election this year, had promised to build a train-ferry link to connect ROK with the Chinese ports of Yantai, Qingdao and Rizhao.

"If she manages to be elected president, then the new Silk Road could be expanded to my country in three or four years," he said.

Mitsuo Honda, a professor of economics at the Japan-based Nihon University, had a more ambitious dream.

He hoped the possible huge industrial belt along the road could extend to Japan and the ROK when it came into being.

Both Japan and the ROK could then benefit from the economic integration of the area spanning from Europe to the two countries, he added.

Yugun Riku, an associate professor of the same university, acknowledged there were many factors holding back the formation of the huge economic belt.

They included the lack of integrated planning and industrial fragmentation against the backdrop of economic globalization in the regions along the corridor, as well as its relatively high transportation costs, said Riku.

The symposium, sponsored by the United Nations Development Program, China''s Ministry of Commerce, Ministry of Information Industry, and Gansu Provincial Government, has attracted more than 500 delegates from 12 counties and regions along the new Silk Road. It focuses on the discussion of the development of modern logistics in the region as well as the construction of the cooperation networks for the cities along the route in China.

The two-day symposium, along with the Silk Road Mayors Forum and Entrepreneurs Summit, aims to expand the influence of the continental bridge and then to revive the new Silk Road, according to Khalid Malik, UN Coordinator and UNDP Resident Representative in China.

Source: Xinhua
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