In the first three days of November, we hosted the leaders of Vietnam, Germany and Pakistan, a very rare intensive visit to China. And the results of the visit to China are gradually becoming apparent.
According to foreign media reports, we will work with Saudi Arabia to invest in the construction of a petrochemical industrial base in Gwadar Port in Pakistan, which will have a far-reaching impact on the future. This not only shows Saudi Arabia's interest in the China-Pakistan Economic Corridor, but also shows that we have opened a new chapter in our cooperation with Saudi Arabia in the petrochemical field.
On November 8, local time, Vietnam reported that Vietnam will invest more than 60 billion yuan to build a 1,508-kilometer-long high-speed railway, connecting the north and south ends, with a design speed of 250 kilometers per hour. The project will be implemented in three phases and is expected to be fully completed in 2041.
It was not clearly stated in the report which country's technology was used. However, everyone on the earth knows that there are three countries in the world that can provide high-speed rail technology, Germany, Japan and us, and only us and Japan can provide a full set of equipment and complete all construction tasks.
If the Vietnamese leader had not yet visited me, it would have been a matter of suspense which technology and equipment to choose. However, when the news was published in a high-level interview, the answer was already obvious.
Vietnam's neighbor Laos has just built a high-speed rail line, which is the first time that China's high-speed rail technology high-speed rail standard has gone abroad. It is said that everything is difficult at the beginning, but there is no turning back when opening the bow. With the 1st, 2nd, and 3rd times, it is not difficult.
However, this is an investment of tens of billions of dollars, and the relevant financing plan can be based on Laos, but it is still necessary to consider the risks in the future. After all, Laos can use its abundant domestic resources as collateral, and if Vietnam wants to use offshore oil resources as collateral, some countries will not do it.