Third, a road to technical cooperation. We are living in a period of information technology revolution that has witnessed the emergence of a series of new technologies such as cloud computing, big data and the Internet of Things.
Whoever owns the most advanced technology can grasp the initiative in development. We shall take advantage of the new round of revolution by strengthening technological cooperation and co-combating challenges. We also need to enhance communication in research and development, technology application and technical personnel together, as well as participate in the standard setting of important technology, in order to provide the most powerful technical support for the online Silk Road's development.
Fourth, a road to converge capital. Information flow leads capital flow in today's world. Internet and capital are intergrading, and the vast development of the Internet is opening doors to more innovation and entrepreneurship. Traditional methods of capital flow can no longer meet the demands posed by accelerated development of e-commerce in China and Arab.
We will continue to work with Arab countries to create a cross-regional Internet finance center, supporting online transactions of enterprises, developing cross-border payment services, promoting multi-currency accounting and capital flow so as to continue to push forward innovation in the online Silk Road and full flow of capital.
Fifth, a road to cultural and human exchange. An old saying in Arabic goes: "True friendship has no end, and a true friend is here to stay." The Silk Road is a historical witness to the friendship between China and the Arabs. It is also part of the beautiful moments shared between our people for centuries. Today, the Internet allows more convenient interaction among our people. Social network services like Weibo and WeChat, as well as on- and off-line communication and interaction, are deepening our bonds.
China hopes to join hands with the Arab countries to create a network cultural resource center. Through the use of the Internet, we want to showcase the culture of China and the Arab countries, expand cooperation in various aspects including academics, education, medicine, culture and media, and let the Internet join us from heart to heart.
The online Silk Road is a road that is not just prosperous, but also safe, smooth and orderly. We are glad to work with the Arab countries to strengthen the governance of cyber space, secure cyber safety, strike online terrorism and online crime, and protect netizens' legal rights to build a peaceful, safe, open and cooperative online space.
Ladies and Gentlemen,
As President Xi Jinping has said, interconnection is a road below our feet and no matter it is a highway, a railway, an airline or an online road, cooperation reaches wherever the road reaches. As the online Silk Road has set sail, the Arab countries and China can take advantage of the power of Internet to link the two large markets and let the two cultures communicate with each other.
Both sides should turn the online Silk Road into a road that could benefit the people in the two regions, and devote themselves to promoting the development of human society's progress.
Thank you.