(Chinese ambassador to Luxembourg):
the Grand Duchy of Luxembourg and the New Silk Roads
The Ambassador of the People's Republic of China to the Grand Duchy, Huang Changqing, presents the New Silk Roads. This policy, launched by President Xi Jinping in 2013, is having a positive impact on relations between China and Luxembourg.
What opportunities does the New Silk Roads policy create for Luxembourg?
With the New Silk Roads policy, known as One Belt, One Road (OBOR), co-operation between China and Luxembourg is proving particularly successful. The opening of a new route in 2014 between the city of Zheng Zhou (Henan province) and Luxembourg has seen the number of flights every week rise to between 18 and 20. The success of this new route shows that co-operation between the two countries is developing rapidly. In the financial sector, Chinese banks with a presence in the Grand Duchy, of which there are many, benefit from an ideal gateway to the European market. Financial co-operation will be further developed as well. In addition, OBOR has had positive feedback in all the countries involved with the policy which will deliver $5 trillion in trade, $60 billion in direct investment from China and will create 200,000 jobs. In legal terms, OBOR represents more than 1,000 documents signed with 86 countries and international organisations.
"Luxembourg is a trailblazer when it comes to developing relations with China."
How can companies based in Luxembourg take advantage of these New Silk Roads?
Luxembourg and China both benefit from their bilateral co-operation. More specifically, this policy creates numerous opportunities for entrepreneurs in various fields, from logistics to finance, from the green and digital economy to asteroid mining. The first trade fair on international imports will be held in Shanghai in November 2018. China wants to open up its market and Luxembourg companies can take advantage of China’s strong domestic demand. The Luxembourg Chamber of Commerce has put together a delegation including private and public stakeholders. This policy also focuses on culture: after the establishment of a Confucius Institute, our Embassy is working in collaboration with the Luxembourg government to open a Chinese Cultural Centre. Any programme of co-operation must lead to stronger relationships between people from both countries. Luxembourg is a trailblazer when it comes to developing relations with China. Protectionism and unilateralism are gaining traction around the world and the Grand Duchy, Europe and China must unite to combat these obstacles to international growth. I remain optimistic: both countries know how to defend their interests and contribute to their mutual development.
What are your objectives in the medium term?
Socio-cultural exchanges ensure a better understanding by helping people to get to know one another better. This mutual trust between Luxembourg and China should lead to a high-level summit between our two countries in the medium term. I am convinced that the government formed after the forthcoming elections in the Grand Duchy will ensure that the efforts of the last several decades are continued. As for the economy, Chinese investment remains high. The fact that a Chinese energy company is now a shareholder in ENCEVO sums up the growing openness between our countries.