According to our computation, these 65 countries jointly account for 62. Introduction during the 19th national party congress in 2017, chinas communist party formally adopted the belt and road initiative bri under its party constitution as part of a resolution to achieve shared growth through discussion and collaboration. Initiated in 2017, the forum is organized within the framework of the united nations 2030 agenda for sustainable development and the belt and road initiative bri proposed by. Belt and road is an initiative by the chinese government aimed at reviving the historic silk road between china, europe and the middle east. Pdf the silk road economic belt security implications. What emerges as the primary objective of the new silk road is to respond to an increas ingly challenging international economic environment. A paper for china as a maritime power conference july 28.
European countries with the centrepiece of the belt occupied by central asia. As the former hub of the ancient silk road, central asia will once again play a major role in the success of constructing the sreb. Blog 2017 azerbaijan, silk road economic belt implications cesd. Apr 16, 2019 proposed a new silk road in 20 and later referred to it as one belt, one road before settling on the belt and road initiative. Chinas silk road economic belt initiative in central asia.
Economic significance of one belt one road countries for a full list of the countries included in the computation, please refer to the appendix. The instant president xi jinping proposed his silk road economic belt and the 21st century maritime silk road also known as the one belt, one road obor or belt and road initiative bri, there was an intense curiosity and interest surrounding this proposal and the same still continues unabated. Building silk road economic belt and 21st entury maritime silk road exhibit 2. Silk road economic belt business news and international network en we are currently working on a new website.
From silk road to silicon road chartered institute of. The belt and road initiative the belt and road initiative refers to the silk road economic belt and 21st century maritime silk road, a significant development strategy launched by the chinese government with the intention of promoting economic cooperation among countries along the. News release, vision and actions on jointly building silk road economic belt and 21stcentury maritime silk road, national development and reform commission ndrc, peoples republic of. The silk road economic belt the belt component of the belt and road initiative proposed by china in 20 is an ambitious vision that has evoked enthusiasm among many stakeholders.
The transportation infrastructure of the silk road economic belt includes railways, roads, air transportation and pipelines, etc. Both initiatives were announced by president xi jinping in 20. He called for the building of a silk road economic belt and a 21st century. It consolidates beijings existing economic investments and securitybuilding measures, while launching new projects to link the. The idea was to forge closer economic ties, deepen cooperation, and expand development in.
Understanding chinas belt and road initiative lowy institute. Chinas trillion dollar plan to dominate global trade youtube. While the sreb is essentially about enhancing economic cooperation and building closer and deeper economic ties between china and countries. Xi jinping visited nursultan, kazakhstan, and southeast asia in september and october 20, and proposed jointly building a new economic area, the silk road economic belt chinese. Apr 05, 2018 chinas belt and road initiative is the most ambitious infrastructure project in modern history. Pdf on apr 24, 2015, zhang hongzhou and others published chinas silk road economic belt. Through the very own silk road experience and expertise of our researchers, we aim to provide a perspective on the belt and road initiative. Since 20, china has steadily rolled out an ambitious one belt one road initiative also called the belt and road initiative, the silk road economic belt and the 21st century maritime silk road, or the belt and road. Research fellow, center for the study of chinese military affairs. The belt road initiative bri suggested by chinas president xi jinping provides an ambitious vision encouraging a new level of cooperation among countries along several economic corridors spanning most of the asian economies member of escap. It is the english translation of the chinese term yidai yilu.
This report addresses some of the existing gaps in discourse on the security implications of chinas silk road economic belt the belt. It includes the silk road economic belt for the land part and the 21st century. Silk road economic belt news portal and international. Map of central asia illustrating silk road economic belt. Belt and the maritime silk road were first introduced by chinese president xi. Examining the debt implications of the belt and road. The economics of the silk road economic belt o n 20 october 2015, rusi held a daylong workshop in almaty, kazakhstan, in collaboration with kimep university and the friedrich ebert stiftung fes. We must build the silk road economic belt and 21st century maritime silk road, creating a new regional economic order. The focus of the workshop was the economics behind the chinese silk road economic belt sreb and its impact in central asia. Situating the belt and road or the one belt one road obor concept in a historical context, this chapter examines the civilizations along the silk road, as well as their encounters and interactions, which have formed the social, cultural, religious, and political landscapes of the present silk road economic belt.
The silk road economic belt and the 21st century maritime. Vision and actions on jointly building silk road economic. The silk road economic belt and the 21st century maritime silk road. A paper for china as a maritime power conference july 2829. Participation of children with disabilities in school. Silk road cultures and the silk road economic belt. Belt refers to the silk road economic belt, which passes overland from china through central asia to continental europe. Chinese president xi jinping proposed a silk road economic belt on a visit to kazakhstan in september 20, and a 21st century maritime silk road in indonesia the. Multilateral formats of interaction are designed to set up regional interaction and cooperation frameworks. The silk road economic belt the belt component of the belt and road initiative, announced by xi jinping over four years ago, represents an ambitious chinese vision to promote infrastructural development and connectivity, and stimulate economic integration across the eurasian continent. Dhl global forwarding china belt and road initiative and. Chinas trillion dollar plan to dominate global trade. Motivations, financing, expansion and challenges of xis everexpanding strategy 1 executive summary this paper argues that with more objectives added since its inception in 20, chinas belt and road initiative bri has evolved into a much more expansive grand strategy that includes a package of themes and. Initiated in 2017, the forum is organized within the framework of the united nations 2030 agenda for sustainable development and the belt and road initiative bri proposed by china, two endeavours that aim to deepen.
Essentially, the belt includes countries located on the original silk road through central asia, west asia, the middle east, and europe. From silk road to silicon road chartered institute of building. The belt and road initiative the belt and road initiative refers to the silk road economic belt and 21st century maritime silk road, a significant development strategy launched by the chinese government with the intention of promoting economic cooperation among countries along the proposed belt and road routes. After several decades of development, it has formed a comprehensive, threedimensional traffic network. The silk road economic belt friedrich ebert foundation. Jan 19, 2018 beijing to hear president xi jinpings remarks opening the belt and road initiative bri conference. The world bank, compiled by the fung business intelligence centre. Vision and actions on jointly building silk road economic belt and 21stcentury maritime silk road states that we should promote ecological progress in.
Accordingly, the former will begin in xian, in central china, before stretching to the border with kazakhstan. The idea of central asia as a regional grouping in political and security terms is almost non. Belt and road economies located along the corridors where projects are built experience the largest gains. Road economic belt and 21st century maritime silk road together, one belt, one road initiatives. Beijing to hear president xi jinpings remarks opening the belt and road initiative bri conference. The idea was to forge closer economic ties, deepen cooperation, and expand development in the euroasia region. It sheds light on what has motivated china to initiate it, and how it fits into chinas own evolving.
The project combines a landbased silk road economic belt and a seabased 21st century maritime silk road which connects china to europe through south. How much will the belt and road initiative reduce trade costs. The eurasian economic union and the silk road economic belt are the most discussed initiatives to turn central asia from a landlocked into landlinked region. The silk road economic belt the belt component of the belt and road initiative, announced by xi jinping over four. The chinese government has drafted and published the vision and actions on jointly building silk road economic belt and 21stcentury maritime silk road to promote the implementation of the initiative, instill vigor and vitality into the ancient silk road, connect asian, european and african countries more closely and promote mutually beneficial. Territorial boundaries of the two initiatives overlap. Is europe to benefit from chinas belt and road initiative. Ostensibly an economic initiative, the belt also has important strategic implications, and is likely. Yet, reviving the silk road in central asia will not be easy and the geopolitical challenges will be the biggest hurdle to building the sreb in the region. Earlier that year, china had already launched its silk road economic belt initiative, which is aimed at infrastructure cooperation in a zone that stretches from xinjiang the northwestern part of china to the baltic sea. One belt, one road refers to the combination of the silk road economic belt an economic corridor across the eurasian continent and the 21st century maritime silk road a network of maritime trade routes connecting asia with africa and europe.
Chinas belt and road initiative is the most ambitious infrastructure project in modern history. In less than three years, the belt and road initiative bri has become the defining concept of chinas foreign policy and is now omnipresent in. The initiative has increasingly emerged as chinas major vehicle for international engagement, with important health dimensions. First announced in 20, the landbased silk road economic belt and its maritime twin, the 21st century maritime silk road are ambitious plans aimed at placing china at the heart of regional trade.
Shanghai, the frontrunner in chinas financial openingup, has issued a guidebook for overseas asset management institutions in both chinese and english to attract more financial institutions to the city. The silk road then heads southwest to iran before passing through iraq, syria and turkey. Chinas belt and road initiative is president xi jinpings signature foreign policy initiative. Just like the ancient one, it is to consist of both a land and a maritime route. Among other objectives, the belt intends to promote infrastructural development and connectivity, and stimulate economic integration across the eurasian. Xi jinping, work together to build the silk road economic belt and the 21st century maritime silk road, speech at the belt and road forum for international cooperation, may. The maritime silk road already represents chinas most vital sea lines of communication, both because it gives china access to three major economic zones southeast asia, south asia, and the middle east and because it is the route for many of chinas strategic materials, including oil. The eurasian economic union and the silk road economic belt. It consolidates beijings existing economic investments and securitybuilding measures, while launching new projects to link. Measured in todays dollars, it has already cost more.
The prospects and perils of building chinas new silk road. What you need to know the belt and road initiative bri is a combination of two initiatives. Chinas belt and road initiative in the global trade. Central asia occupies the centrepiece of chinas silk road economic belt sreb initiative. Shanghai issues guidebook for overseas asset management. Trade and trade facilitation along the belt and road.
The project seeks to understand in greater detail the plan behind chinas silk road economic belt foreign policy vision and its impact and. According to the cpc by 2050 chinese society should have reached moderate prosperity that. The silk road economic belt sreb initiative, launched by xi jinping in 20 as the central asian component of the eurasian belt and road initiative bri, is presented as a trade and infrastructural developmental initiative that benefits all to deliver stability. Taking the lead with key continental eurasian actors, china, india and russia, and other relevant actors to set up a joint consultative belt coordination mechanism. Chinas belt and road initiative also known as one belt, one road. Chinas belt and road meets junckers fund the one belt, one road obor initiative unveiled by president xi jinping in late 20 is chinas major diplomatic outreach in decades. For belt and road economies, the change in shipment times and trade costs will range between 1. It spans over 60 countries and will cost over a trillion dollars. One arm, the silk road economic belt, extends from china to europe through central asia, and the other, the 21stcentury maritime silk road, links china to southeast asia, the middle east, and africa along sea routes.