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22 июн 2018, 08:46

NICOSIA Men's Adidas NMD XR1 Primeknit Black UK , May 9 (Xinhua) -- The Belt and Road forum for international cooperation to be held in Beijing in mid-May will promote all-round practical cooperation and address problems in the global economy and globalization, a scholar from Cyprus told Xinhua in an interview.

Kosta Gouliamos, rector of European University Cyprus Men's Adidas Ultra Boost 3.0 Multi-Color UK , said the Belt and Road Initiative proposed by Chinese President Xi Jinping is "the most appropriate means" to strengthen international economic and cultural cooperation.

"I strongly believe that this initiative comprises more than physical connections as it aims to create the world's largest platform of economic coordination, including policy coordination, trade Men's Adidas Ultra Boost 3.0 Black UK , finance collaboration and social and cultural cooperation," he said.

An expert in political communication as well as media and cultural studies, Gouliamos' many books on international economy and globalization have been translated into English Adidas Performance Ultra Boost Street Blue Silver UK Men's , French, Spanish and Italian.

"We strongly support the Chinese president's leading effort to create the world's largest economic and cultural platform within the framework of the Belt and Road Initiative, a modern network that would link China with the various areas and countries of the world Men's Adidas Tubular X White UK ," he said.

He said Cyprus could be an important player in promoting this initiative given its geographical location in the world, and could perform "a vital geo-political and geo-cultural role."

"First of all, I would like to see the financial type of cooperation within the framework that also includes energy collaboration. Secondly Adidas Tubular Viral Pink White UK , the cultural and educational aspect of this initiative is of paramount importance for us," said Gouliamos, who believed investments in those areas are viable and will bring mutual benefits to Cyprus and China.

The European University Cyprus boasts the largest number of Chinese students in the island country. According to Gouliamos Adidas Yeezy Boost 350 V2 Cream White UK , around 60 students from China currently attend classes in the university during the current semester, a number he said is small in quantity but big in ratio given the small size of the university.

"Some students are doing their master's degree here, so we are in cooperation with a number of Chinese universities and we think it is extremely important to enhance this relationship Black Orange Adidas Yeezy Boost 350 V2 UK ," he added.

"We would also like to send students from here to China. One of our students is currently doing her master's degree in law in China," Gouliamos said.

Flood fighting drill held in southwest China's Chongqing

Photo exhibition on Belt and Road Initiative opens at UN headquarters

Russian soldiers participate in Victory Day parade in Vladivostok

Aerial view of Huangguoshu Waterfall

Chinese submersible explores turbidity current in South China Sea

Straw art gala held in E China's Shandong

Xinjiang Int'l Grand Bazaar held in Urumqi, NW China

8th China Peking Opera art festival to be held in Nanjing

by Xinhua writer Li Rong

BOAO, China, March 24 (Xinhua) -- The 18th century English economist David Ricardo once held Portuguese wine being traded for English cloth as an example of global trade.

The British did not have to grow grapes to enjoy wine, and vice versa for the Portuguese to receive the luxurious British textile.

What Ricardo brought us is the most primitive form of trade beyond national boundaries. As time goes by, a profound development of globalization has changed the patterns of trade to a degree that is hard to fathom.

As production becomes increasingly complex, specialization on core activities and outsoucing has become inevitable.

Thanks to international organizations led by the WTO, trade barriers have been constantly eliminated, which encourages firms to engage internationally with confidence.

A reliable and conducive world trading environment ensures an unhindered and efficient flow of investment, goods and services among nations.

Firms thus can divide their operations across the world, from designing to component manufacturing and marketing, creating international production chains dominated by trade in tasks and intermediate goods.

A production process grows to involve a wide array of manufacturers and service providers, which formed each and every link in an intertwined network.

The global value chain is exerting a profound influence on international production, and trade and investment, with ever deepening interdependence across businesses in the world.

The label Globally Made is replacing Made in the U.S., Made in Germany or Made in China.

In the era of global value chains, no business could possibly flourish without interaction, and the overall industrial structure of one country could hardly be optimized if isolated from the rest of the world.

According to WTO figures, trade in intermediate goods, a barometer of globalization in production activities, represented more than 50 percent of non-fuel world merchandise trade back in 2009.

Trade in intermediate goods in East Asia, one of the world's most important manufacturing houses, has dramatically decreased in recent years, reflecting sluggish world trade, according to the annual report of a key economic forum going on in Boao in China's southern province of Hainan.

Gloomy growth prospects and downside risks have tempted certain countries to retreat to protectionist measures. They hope to keep all production process within their borders to prevent others from "stealing" their wealth.

The original global industrial and supply chains are broken, while the new ones are yet to be formed. Economies gamble on international market redistribution, but weaknesses are evident in global markets.

Meanwhile, grand plans to take back plants and assembly lines does not necessary guarantee growth. Firms will pay handsomely for tho

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23 июн 2018, 12:46

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