2016-06-28 10:30:09 Xinhua Finance
"the Belt and Road" is a development strategy started by the Chinese government in 2013. It refers to the New Silk Road Economic Belt and the 21st Century Maritime Silk Road.
"the Belt and Road" is a development strategy started by the Chinese government in 2013. It refers to the New Silk Road Economic Belt, which will link China with Europe through Central and Western Asia, and the 21st Century Maritime Silk Road, which will connect China with Southeast Asian countries, Africa and Europe. Neither the belt nor the road follows any clear line geographically speaking; they serve more as a roadmap for how China wants to further integrate itself into the world economy and strengthen its influence in these regions.
While relative region could gain better finance, strength infrastructure for development through cooperation, China expects to be beneficial from enhanced and integrated market for its infrastructure productivity and outward investment.
The planned actions include consultations with countries involved, construction of international economic cooperation corridors and ports, as well as infrastructure projects.