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The first Sino-Laos “One Belt, One Road” new area cooperation development project is about to be launched

Recently, Bozon Bupaiwan, the former prime minister of Laos, and the current president of Laos Economic Research Institute, led a group of people come to the headquarter of Beijing Guangcai Group and attended the first Sino-Laos new area "Boloven Economic Zone" Development Symposium at the 6th floor conference room. A total of more than 70 people participated in the meeting, including people from Guangcai Group and Chinese business representatives and discussed the cooperative development significance and prospect of Sino-Laos "Boloven Economic Zone”. Large-scale central enterprises representatives, such China Communications Construction Corp, China State Construction Engineering Co., Ltd, China Galaxy Financial Holdings, attended the meeting. China Development Bank, Export-Import Bank of China and other financial institutions also participated in the conversation.
Songen Deunsa, Vice dean of the Lao National Economic Research Institute, introduced the Boloven Economic Zone. The total planning total area of the Boloven Economic Zone is about 529,000 hectares, at the center of four provinces in the south of Laos, and the border locates between Vietnam and Cambodia, as an international route, as well as part of the "One Belt, One Road". Songen Deunsa claimed that the Boloven economic new area is 900-1700m above the sea, with very cool climate. It is beneficial to develop agriculture, farming, animal husbandry, aquaculture, cultural tourism and so on. The goal of "Boloven Economic zone" is to be established as a green and sustainable development zone in 2030.

"Boloven Economic Zone" has a complete plan; secondly, "Boloven Economic Zone" puts the basic construction in a very good position; thirdly, "Boloven Economic zone" is green and sustainable when it comes to building industrial and agricultural projects, fourth, "shared economy" business model deserves everyone’s attention. After more than 30 years of reform and opening up, people came to know that in order to save resources, manpower, and time, we can do carpooling, and now the developed "bike sharing" mode greatly inspired people.” Hu Deping, chairman of China Biodiversity and Green Development Foundation, said at the symposium. At the invitation of Bozon Bupaiwan, the former prime minister of Laos and president of the current Lao National Economic Research Institute, Hu Deping said that he would accept the invitation and visit Laos once he has the opportunity. Also, the China Biodiversity and Green Development Foundation said that they would organize enterprises to support the development of "Boloven Economic Zone".
Bozon Bupaiwan, the former prime minister of Laos and president of the current National Economic Research Institute, said that the "Boloven Economic zone" would have a great impact on the local region, and that China and Laos would take a new step in strategic partnership cooperation, and that the implementation of the Boloven Economic Zone would turn out to be a good opportunity.


Liu Yi, vice president of Guangcai Group, said that in late August this year, Mr. Ren Wei, the president of Guangcai Group, led the team to visit Laos again and inspected the project of Boloven Economic Zone. Upon reaching a consensus on the development and construction of "Boloven Economic Zone", they signed a memorandum of cooperation, which is now being approved and progress was made in the current stage. With the opening of the old railway and the construction of the international airport, more and more Chinese people are traveling to Laos, which brings a big economic growth in Laos. Guangcai group hopes to regard the development of "Boloven Economic Zone" as a starting point, jointly develop new area economy, and promote the "One Belt, One Road" development strategy in Southeast Asia. Guangcai Group will unite various types of enterprises in China to jointly develop "Boloven Economic zone". As the leading group, Guangcai Group will jointly carry out the first-class development of the "Boloven Economic Zone" together with the Lao local government, giving its advantages in the development of agriculture, science and technology, cultural tourism and other fields to full play. By introducing China's successful industries and experience to Laos, we hope to lead the local people to become rich, and promote Boloven economic development.
At the symposium, senior experts at the China Development Bank said that the China Development Bank has offered the cumulative loan balance of more than 100 billion U.S. dollars to countries along "One Belt, One Road " line, and has cooperated with many countries, willing to support the construction of "Boloven Economic Zone" and other overseas development zones.