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China’s $900 billion New Silk Road. What you need to know 5 things to know about the New Silk Road A new global superpower Some Western diplomats have been wary in their response to the proposed trade corridor, seeing it as a land grab designed to promote China's influence globally, but there’s little evidence to suggest the route will benefit China alone
China’s Belt and Road Initiative turns 10. Here’s what to know The initiative is rooted in China’s long history of facilitating trade and commerce across the ancient Silk Road routes that connected Asia, the Middle East and Europe The BRI was established with two primary components : the Silk Road Economic Belt and the 21st Century Maritime Silk Road
Why is China building a New Silk Road? | World Economic Forum China is reviving the historic Silk Road trade route that runs between its own borders and Europe Announced in 2013 by President Xi Jinping, the idea is that two new trade corridors – one overland, the other by sea – will connect the country with its neighbours in the west: Central Asia, the Middle East and Europe
This is Chinas silk road - on water - The World Economic Forum But there is another side to this tale, and it is one which the Chinese government acknowledges with its huge One Belt One Road (OBOR) transcontinental infrastructure project to link East Asia to the Middle East and Europe Simply put, the story of the silk road, ancient or modern, is as much the story of the sea as the dunes
Why the New Silk Road needs a digital revolution For OBOR countries, the path to an efficient and cost-effective New Silk Road begins by systematically addressing the four pain points of the digital supply chain Here are some ways to begin Speed : Companies could smooth shipments and make better use of resources by installing state-of-the-art warehouse and inventory management systems
What can the New Silk Road do for global trade? The result is that the modern caravan has started rolling Thus, the “New Silk Road”development project – which embraces an area that is home to about 70% of the world’s population, produces about 55% of global GDP and has about 75% of known energy reserves – has been taken its first steps Of course, challenges remain
How will a modern Silk Road affect China’s foreign policy? “The Silk Road has been part of Chinese history, dating back to the Han and Tang dynasties, two of the greatest Chinese empires,” says Friedrich Wu, a professor at the S Rajaratnam School of International Studies in Singapore “The initiative is a timely reminder that China under the Communist party is building a new empire ”
5 things to know about the New Silk Road | World Economic Forum The new Silk Road is sure to expand it further, and in the long term, all parties stand to gain, as postulated by basic economic theory In the short term, however, some industries will be affected more than others, and it would be safe to assume that the long-term gains as well as short-term pains will be uneven among the EU’s 28 countries
The challenges and opportunities of Chinas new Silk Road The original Silk Road, established more than 2,000 years ago, was a critical network of trade routes that promoted economic, political, and cultural exchange among Asia, Africa, and Europe
China tries to win over critics of the new Silk Road China has invested billions of dollars in building highways, ports, and railways in more than 60 countries since 2013, as part of its Belt and Road Initiative (BRI) Geographies in Depth China tries to win over critics of the new Silk Road