CRI听力:Chinese, Russian Economic Initiatives to Be Connected

President Xi Jinping suggests that the SCO should serve as an important platform to dovetail China's Silk Road Economic Belt initiative with Russia's aspiration under the Eurasian Economic Union framework.

Earlier in May, a relevant deal concerning connectivity was signed by the two sides.

Sergei Kanavsky, executive secretary of the SCO Business Council, says the Silk Road Economic Belt initiative is a multilevel, all-round cooperation plan bringing benefits to a great number of European and Asian countries.

"Those cooperation projects confirmed within the construction of the Silk Road Economic Belt initiative are quite attractive to other members of the SCO in the region. One of them is the transport infrastructure linking up the Eurasian Transport Corridor which shows potential in cross-border transportation. Not only China but Kazakhstan, Russia and many other countries hope to develop mutual coordination under the initiative's framework."

The two core missions of the SCO is maintaining regional peace and stability as well as enhancing economic development for member countries and regions.

Many experts believe that China's 'One Belt One Road' Initiative will endow the development of the SCO with new contents, and create vast prospects for promoting economic development.

Denis Tyurin, director of the SCO Business Club, says an agreement should be reached so as to settle the common goals.

"Currently, China and Russia have expressed clear political wills that they're willing to carry out close cooperation on strengthening regional integration. The economic experts will have to research several ways to implement the initiative under practices in different fields. Those include formulating a unified standard in the field of trade, simplifying examination and approval procedures in commodity circulation and service industries, as well as carrying out coordination in the financial field."

He predicts that during the ongoing two international summits, relevant countries will reach more agreements on the issue.

For CRI, I'm Xie Cheng.