The impact of China’s One Belt One Road initiative on ASEAN economies and China-ASEAN ties was the focus of discussions at the Global Diaspora Business Summit on Monday (Nov 28).
Silk Road Chamber of International Commerce (SRCIC) chairman Lu Jianzhong, a keynote speaker at the summit, said China’s close relationship with Southeast Asia dates back to more than 2,000 years ago. The region has always been an important trade route, with Singapore being the focal point, he said.
Launched in December last year, SRCIC is a non-governmental organisation comprising chambers of commerce from countries situated along the historical Silk Road. It is one of the main forces promoting the One Belt, One Road initiative and currently has 55 country members.
The summit included presentations on the chamber’s own projects such as the Silk Road International Development Fund and eSilkRoad, an online platform that aims to connect business associations and companies so that information and capital flows can move easily between countries along the route.
More than 150 delegates were present, including country representatives from Georgia, Nepal and Kazakhstan, and business organisations like the Singapore Manufacturing Federation.