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|" by Xinhua writer Zhang Jianhua
VIENTIANE David Njoku Jersey , May 12 (Xinhua) -- Lao President Bounnhang Vorachit said on Thursday that the China-proposed Belt and Road Initiative has been bringing tangible benefits to the participants including Laos.
In an interview with Xinhua and other Chinese media in Lao capital Vientiane, the top Lao leader, who will attend the Belt and Road Forum for International Cooperation scheduled for May 14-15 in Beijing, said the initiative has played a positive role in promoting regional inter-connectivity and integration.
""No single country can solve all kinds of problems on its own. Mutual benefit and win-win cooperation are the reality of today's world Jabrill Peppers Jersey ,"" he said.
""The Belt and Road Initiative was proposed by China at a right time, and helps strengthen cooperation through facility connection, financial connection and people-to-people connection,"" he noted.
The initiative helps create opportunities and improve the socio-economy in Laos and other developing countries Myles Garrett Vapor Untouchable Jersey , Bounnhang said, citing the construction of a Laos-China railway project, which, as a ""prioritized development policy of Laos Jim Brown Vapor Untouchable Jersey ,"" is turning Laos from a ""land-locked"" nation to a ""land-linked"" one.
""I believe that the Laos-China railway is an important project of the Belt and Road Initiative and will help Laos achieve inter-connectivity in infrastructure construction, trade and investment, as well as people-to-people linkage,"" he said.
He announced that during the upcoming forum Myles Garrett Limited Jersey , the Lao Ministry of Planning and Investment is expected to sign with China a cooperation plan to further promote the Belt and Road Initiative to benefit the two countries.
""I'm sure that the implementation of the plan will benefit Lao social and economic development. I highly appreciate the early harvest of the initiative,"" Bounnhang said.
The Lao president said his country has geographical advantages in the implementation of the Belt and Road Initiative, and China has an edge in finance, talents and technology. Thus cooperation between the two countries can help Laos realize its development targets.
In his view Jim Brown Limited Jersey , the Belt and Road Initiative also facilitates the Lancang-Mekong Cooperation (LMC) mechanism among China and relevant countries like Cambodia, Laos, Myanmar, Thailand and Vietnam Myles Garrett Browns Jersey , and enhances the integration within the Association of Southeast Asian Nations (ASEAN).
""The Belt and Road Initiative has made positive contributions to the inter-connectivity in Greater Mekong Subregion, in ASEAN region and in the whole world. The cooperation framework between Laos and China focuses on mutual assistance and joint development,"" he noted.
According to the Chinese Foreign Ministry, 29 heads of state and government will attend the Belt and Road forum.
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BEIJING， Oct. 26 (Xinhua) -- China's state-owned enterprises (SOEs) saw a robust increase of assets despite a decline in profits in the first nine months of the year， evidence of waning profitability at these companies， latest data from the Ministry of Finance (MOF) showed.
By the end of September， the total assets of these SOEs was 128.8 trillion yuan (about 19 trillion U.S. dollars)， representing growth of 9.7 percent year on year， the MOF said.
The assets of SOEs administered by the central government rose 7.4 percent in the first nine months year on year to 67.9 trillion yuan， while the assets of local SOEs jumped 12.3 percent over the period to 60.9 trillion yuan， according to breakdown figures.
The combined liabilities of all SOEs grew 9.9 percent year on year to 85.3 trillion yuan over the same period.
China has thousands of SOEs， 103 of which are under the control of the central government. Many of these are industry leaders， but some have been criticized for weak profitability.
Earlier official data showed that the profits of China's SOEs fell 1.6 percent year on year to 1.72 trillion yuan during the first three quarters of the year.
Letters spell the word ''Alphabet'' as they are seen on a computer screen with a Google search page in this photo illustration taken in Paris, France, August 11, 2015.
Alphabet Inc reported better-than-expected quarterly profit on Monday Women's Myles Garrett Jersey , sending shares of Google's parent soaring in after-hours trading and making it the most valuable U.S. company ahead of rival Apple Inc.
It was the first quarter the company provided information on what it calls 'Other Bets' such as self-driving cars, and the solid results eased investor concerns about the company's spending on ambitious projects.
"As long as the core business continues to operate well with accelerated revenue... investment in those businesses can continue," said Ronald Josey of JMP Securities.
Alphabet said consolidated revenue jumped 17.8 percent to $21.33 billion in the fourth quarter ended Dec. 31, from $18.10 billion a year earlier. Analysts had expected $20.77 billion Women's Jim Brown Jersey , according to Thomson Reuters IBES.
Adjusted earnings of $8.67 per share handily beat analysts' average estimate of $8.10 per share.
? Alphabet passes Apple to become most valuable traded U.S. company
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