Home News China to Link ASEAN Via Internet and Telecom Fund

China to Link ASEAN Via Internet and Telecom Fund

SHARE
China to Link ASEAN Via Internet and Telecom Fund

China will organize a special fund for internet and telecommunications infrastructure to connect China and ASEAN, said Lu Wei, Minister of the State Council’s Cyberspace Administration of China.

Lu made remarks at the China-ASEAN Information Harbor Forum in Nanning, capital of the Guangxi Zhuang Autonomous Region. The forum will be discussing about constructing IT infrastructure and boosting e-commerce to connect China and Southeast Asia.

China to Link ASEAN Via Internet and Telecom Fund

China first suggested the Information Harbor initiative in September 2014. The initiative of connecting China and ASEAN will include five cooperative platforms which will benefit in covering infrastructure, information sharing, technological innovation, trade services and cultural exchange.

This step, intended to create an information hub for the 21st Century Maritime Silk Road, a planned network of trade infrastructure reflecting the ancient Silk Road, has been supported and welcomed by ASEAN members, Lu said.

According to China’s strategy, a base for the Information Harbor will be established in Nanning and it will have 34 projects worth 20.9 billion yuan (US$3.3 billion).

According to Peng Qinghua, Communist Party chief of the region, Guangxi serves as a gateway for Southeast Asia as it lies in an important area along the Belt and road route.

Guangxi reported 210 billion yuan in e-commerce trade last year. The volume reached 193.9 billion yuan during the first half of 2015, from the same period last year, as ASEAN and China deepened their cooperation.

Peng said.

He also said:

The Guangxi government will spare no efforts in implementing the initiative and create a mutually beneficial situation with ASEAN members.