Macau has signed an agreement under the “One Track, One Route” initiative, which provides for joint meetings with Beijing to monitor the participation of the territory in the project.
The document signed by Macau’s Chief Executive Fernando Chui Sai On and the director of the Chinese National Development and Reform Commission He Lifeng foresees the “creation of a joint meeting mechanism, serving as a platform for coordination and articulation promotion and implementation of the agreement, ” according to a statement released by the authorities.
In this sense, Beijing intends to help Macau “to develop the advantages of local resources, to provide investment and financing services to the initiative and to become a platform between China and Portuguese-speaking countries.”
The signing of the agreement was succeeded by the first joint meeting, during which the importance of the relationship between Macao and the Portuguese-speaking countries was highlighted in the promotion of the millionaire infrastructure initiative launched by Chinese President Xi Jinping.
In He Lifeng’s words, “the population that Portuguese-speaking countries represent and Macau’s special and advantageous relationship with them can have positive effects in boosting the national initiative,” according to a second statement.
Xi Jinping’s “Economic Route of the Silk Route and the Maritime Silk Road of the 21st Century“, better known as “One Strip, One Route,” is valued at $ 900 billion and aims to reactivate the old ways trade between China and Europe through Central Asia, Africa and Southeast Asia.