2017年CRI Belt and Road initiative brings Chinese firm and Malaysian firm together

 

The Qinzhou Free Trade Port [Photo: China Plus]

Beyond government-owned enterprises, private firms from China are also participating in the Belt and Road initiative.

CRI' Min Rui has more on one coastal¹ city China's southwest which has been benefiting from the program.

The coastal city of Qinzhou is located along the southern coast of Guangxi.

It's also been dubbed² "the center of Chinese overland trade with Indo-China."

A refurbishment of its port area, as well as free trade policies, have given Qinzhou a solid reputation among both importers and exporters throughout the Indo-China region.

Guangxi Hebabiz Pharmaceutical³ Technology is a local company in Qinzhou.

Last year the firm opened a new factory in the free trade area's industrial zone, co-owned by a Malaysian company.

Li Fangli, assistant General Manager of Hebabiz, says the company's profit margins⁴ have greatly improved after the factory went into operation, mostly due to the free trade policies.

He says "In the past, we only exported raw materials to Malaysia. You know, because it's raw, we don't benefit a lot. But now with the synthetic⁵ factory jointly⁶ built by our company and a Malaysia firm, we can also get a much bigger share from the final product."

As part of the "Belt and Road" initiative, China is currently promoting the Qinzhou Free Trade Area to integrate more with other participating countries.

The China-Malaysia Qinzhou Industrial Park has been jointly set up by both countries' governments.

Along with pharmaceutical firm Hebabiz, the zone also features companies producing palm oil and rubber products, as well as bird-nest products.

These are products produced by the saliva⁷ of swifts, and are prized in Chinese culture for their use in foods and as medicinal products.

A bird's nest processing base is expected to be completed in the China-Malaysia Qinzhou Industrial Park in June.

Malaysia has also agreed to export raw bird's nests to China during a trip to China late last year during Malaysian Prime Minister Najib Razak's visit.

Dato Ong Chong Yi is the President of the China-Malaysia Qinzhou Industrial Park. [Photo: China Plus]

Dato Ong Chong Yi, president of the China-Malaysia Qinzhou Industrial Park says"We are more than willing to see Malaysia firms coming to this industrial park, and I have heard that more and more Malaysian companies are showing strong interests in this. I think, Malaysia have an advantage in traditional industries like producing palm oil, rubbers, and bird-nest products, as well as halal food and other kinds of food processing."

In 2016, 1.4 million containers also passed through the Qinzhou Port, up 60 percent year on year.

1 coastal   

adj.海岸的，沿海的，沿岸的

参考例句：

• The ocean waves are slowly eating away the coastal rocks.大海的波浪慢慢地侵蚀着岸边的岩石。
• This country will fortify the coastal areas.该国将加强沿海地区的防御。

2 dubbed   

v.给…起绰号( dub的过去式和过去分词 )；把…称为；配音；复制

参考例句：

• Mathematics was once dubbed the handmaiden of the sciences. 数学曾一度被视为各门科学的基础。
• Is the movie dubbed or does it have subtitles? 这部电影是配音的还是打字幕的？ 来自《简明英汉词典》

3 pharmaceutical   

adj.药学的，药物的；药用的，药剂师的

参考例句：

• She has donated money to establish a pharmaceutical laboratory.她捐款成立了一个药剂实验室。
• We are engaged in a legal tussle with a large pharmaceutical company.我们正同一家大制药公司闹法律纠纷。

4 margins   

边( margin的名词复数 )； 利润； 页边空白； 差数

参考例句：

• They have always had to make do with relatively small profit margins. 他们不得不经常设法应付较少的利润额。
• To create more space between the navigation items, add left and right margins to the links. 在每个项目间留更多的空隙，加左或者右的margins来定义链接。

5 synthetic   

adj.合成的，人工的；综合的；n.人工制品

参考例句：

• We felt the salesman's synthetic friendliness.我们感觉到那位销售员的虚情假意。
• It's a synthetic diamond.这是人造钻石。

6 jointly   

ad.联合地，共同地

参考例句：

• Tenants are jointly and severally liable for payment of the rent. 租金由承租人共同且分别承担。
• She owns the house jointly with her husband. 她和丈夫共同拥有这所房子。

7 saliva   

n.唾液，口水

参考例句：

• He wiped a dribble of saliva from his chin.他擦掉了下巴上的几滴口水。
• Saliva dribbled from the baby's mouth.唾液从婴儿的嘴里流了出来。