Wednesday, Apr 24 2024 | Time 19:10 Hrs(IST)
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World


China to further use Panama canal as important means to encourage global trade - Beijing

Moscow, Jul 10 (Sputnik) China, which actively promotes economic globalization, will further develop friendly relations with Panama and use the Panama Canal to encourage global trade, the office of the Chinese Foreign Ministry's spokesperson told Sputnik ahead of the centenary anniversary since the canal's official opening to commerce, marked on July 12.
"China, as an active protagonist in protecting and promoting economic globalization, will continue to deepen friendly relations with Panama and use the Panama Canal to fulfill the important role of stimulating global trade," the office said.
When asked about the canal's significance to China, the spokesperson's office said that it connects the Atlantic and Pacific oceans, the East and the West, and thus is of great importance for water transport and the economy, adding that the Chinese people have longstanding ties with the Panama Canal, as many ethnic Chinese people participated in its construction, expansion and administration.
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