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Infrastructure Networks

2016-06-27 10:25:12 wikipedia

The coverage area of the initiative is primarily Asia and Europe. However, Oceania is also included as well as East Africa. According to the financial experts at the State Council, the entire scheme would cost around US$8 trillion if it was implemented entirely as Xi promoted.

The coverage area of the initiative is primarily Asia and Europe. However, Oceania is also included as well as East Africa. According to the financial experts at the State Council, the entire scheme would cost around US$8 trillion if it was implemented entirely as Xi promoted.

Silk Road Economic Belt

When Chinese leader Xi Jinping visited Central Asia and Southeast Asia in September and October 2013, he raised the initiative of jointly building the Silk Road Economic Belt and the 21st-Century Maritime Silk Road. Essentially, the 'belt' includes countries situated on the original Silk Roadthrough Central Asia, West Asia, the Middle East, and Europe. The initiative calls for the integration of the region into a cohesive economic area through building infrastructure, increasing cultural exchanges, and broadening trade. Apart from this zone, which is largely analogous to the historical Silk Road, another area that is said to be included in the extension of this 'belt' is South Asia and Southeast Asia. Many of the countries that are part of this belt are also members of the China-led Asian Infrastructure Investment Bank (AIIB). North, central and south belts are proposed. North belt goes through Central Asia, Russia to Europe. Central belt goes through Central Asia, West Asia to the Persian Gulf and the Mediterranean. South belt starts from China to Southeast Asia, South Asia, the Indian Ocean. Central belt is spoken down due to complex religion problems and separation movement along the belt. It could be even taken advantage by extremists.

Maritime Silk Road

The Maritime Silk Road, also known as the "21st Century Maritime Silk Road"  is a complementary initiative aimed at investing and fostering collaboration in Southeast Asia, Oceania, and North Africa, through several contiguous bodies of water – the South China Sea, the South Pacific Ocean, and the wider Indian Ocean area.

The Maritime Silk Road initiative was first proposed by Xi Jinping during a speech to the Indonesian Parliament in October 2013.Like its sister initiative the Silk Road Economic Belt, most countries in this area have joined the China-led Asian Infrastructure Investment Bank.

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