Belt refers to the silk road economic belt, which passes overland from china through central asia to continental europe. The silk road economic belt connects three major routes like china to europe, the persian gulf, the mediterranean and the indian ocean, while the 21 st century maritime silk road is based on waterways among member countries of obor initiative 1. Oil, gas and energy business under one belt one road. 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 in the global trade. Through the very own silk road experience and expertise of our researchers, we aim to provide a perspective on the belt and road initiative. This outlined the framework, key areas of cooperation and cooperation mechanisms with regard to the belt and road initiative. While addressing the development issue of our country, the formation of an economic belt has not only increased the use of rmb, helped enhance the recognition of. It sheds light on what has motivated china to initiate it, and how it fits into chinas own evolving. Carolijn van noort1 abstract in 20, china launched the belt and road initiative bri resulting in infrastructural projects that have highlighted new political and economic opportunities along the new silk road. The focus of the workshop was the economics behind the chinese silk road economic belt sreb and its impact in central asia. Pdf the silk road economic belt security implications. The silk road is part of chinas one belt, one road, an economic development strategy launched by chinese president xi jinping in 20. More specifically, the belt links china to central and south.
The silk road economic belt and the 21stcentury maritime silk road, also known as the belt and road initiative, is a development strategy and framework, proposed by. Silk road economic belt has origins in previous diplomatic adventures. 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 is a new economic development zone on the basis of the ancient silk. However, intensive human activities to be induced by it may double the water crisis in central asia, deteriorate the vulnerable environment, and accelerate energy consumption in this area. After the initial analysis and description of the silk road economic belt as a tool of chinese foreign policy, the paper goes on to examine the potential routes the railway takes from china to. To build a new and sustainable silk road economic belt, advancing. Trade and trade facilitation along the belt and road. From silk road to silicon road chartered institute of. This unique and currently only available study into the proposed silk road economic belt examines the institutional, financial and infrastructure projects that are currently underway and in the planning stage across the entire region. Audacious, yet with the exception of a now retired great britain from these adventures. Launched in 20 by chinese president xi jinping, the obor is a short term for the silk road economic belt one belt and the 21st century. One belt, one road and chinas international relations.
The aim of this article is to examine the background, the legal nature. Central asia and the silk road economic belt university of central. We must build the silk road economic belt and 21st century maritime silk road, creating a new regional economic order. This is depicted on the map above with the most important primary and secondary nodes. Understanding chinas belt and road initiative lowy institute. After several decades of development, it has formed a comprehensive, threedimensional traffic network. The investment guide to the silk roadis an integral part of unctads work in the silk road region, which comprises the states of kazakhstan, kyrgyzstan, tajikistan, turkmenistan, uzbekistan and the four western chinese provinces of gansu, ningxia, shaanxi and xinjiang. How revival of the silk road could impact world trade. Nov 09, 2017 is chinas development finance a challenge to the international order. The success of the silk road economic belt depends on the ability of the sco to transform itself from primarily securityoriented coalition to an alliance pursuing also deep and comprehensive economic cooperation. Section 2 sets out the huge infrastructure requirements of the global economy. 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. According to the cpc by 2050 chinese society should have reached moderate prosperity that.
Silk road economic belt business news and international network en we are currently working on a new website. 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. Conceptual framework the belt and road initiative aims to connect asia, europe and africa along five routes. The silk road economic belt, a strategic priority of the chinese foreign policy in 2015, draws the attention to the countries of central and eastern europe through the multiple benefits that it displays investments, economic growth, trade between the countries along its corridors, job creation, infrastructure development, the strategic importance of being part of a grandiose. Territorial boundaries of the two initiatives overlap. Obor is one of president xis most ambitious foreign and economic policies. Building silk road economic belt and 21st entury maritime silk road exhibit 2. Path selection of renminbi rmb internationalization under.
In this regard, the beijingled one belt, one road initiative offers an excellent opportunity for the central asian leadership to practice evidencebased decision. Feb 16, 2016 why is china trying to revive ancient silk road. Since the european union is the terminal point of both the overland and. A flexible implementation process by alice ekman chinas new silk roads or one belt, one road obor, or belt and road2 launched by president xi jinping in autumn 20, is a top priority for beijing, and will likely remain so after the 19th party congress. It comprises about 65 countries and 900 projects with an investment volume of 850 billion dollars. Laying out his concept for a silk road economic belt that would tie china across the eurasian heartland to europe, xi jinping was in essence stamping his branding on something that had been taking place for almost two decades previously as beijings westernmost province of xinjiang sought development and did this through growing economic. This saw the beginnings of the one belt one road strategy or the belt road initiative bri. The main purpose of this study is to explore implication of one belt one road initiative for global future development. The economics of the belt and road initiative request pdf. Economic significance of one belt one road countries for a full list of the countries included in the computation, please refer to the appendix. One belt one road obor initiative is a historical initiative which connects the people over the world and facilitates various opportunities for global peace. The world bank, compiled by the fung business intelligence centre. The belt and road initiative bri, also known as one belt, one road obor, is china. Ostensibly an economic initiative, the belt also has important strategic implications, and is likely.
China announced its roadmap for the belt and road initiative in 20. Thus, the success of the sreb will have to start with a better understanding of the political and economic dynamics in central asia. The silk road economic belt the belt component of the belt and road initiative, announced by xi. Both initiatives were announced by president xi jinping in 20. 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. Vision and actions on jointly building silk road economic belt and 21stcentury maritime silk road. Promote friendship between our people and work together to build a bright future. Ice silk road edit in addition to the maritime silk road, russia and china are reported to have agreed jointly to build an ice silk road along the northern sea route in the arctic, along a maritime route which russia considers. Silk road research silk road economic development research. The silk road economic belt and the 21st century maritime silk road. Iranchina cooperation in the silk road economic belt. The belt and road initiative aims to connect china with the rest of asia and europe, thereby creating a eurasian continent.
Road economic belt and the 21stcentury maritime silk road. This report addresses some of the existing gaps in discourse on the security implications of chinas silk road economic belt the belt. Map of chinas import transit routes and maritime chokepoints. President xi jinping proposed the silk road economic belt and the 21st century maritime silk road. Multilateral formats of interaction are designed to set up regional interaction and cooperation frameworks.
Many experts have discussed the necessity of the belt and road initiative bri for chinas transition to a new normal. Compiled by the fung business intelligence centre based on the framework chapter of the vision and actions on jointly building silk road economic belt and 21st entury maritime silk road exhibit 2. The silk road economic belt and the 21st century maritime. Ernesto gallo while russia and china are heralding a new strategic partnership, this policy brief explores how competition between the two countries may increasingly emerge in regard to central.
This forum piece seeks to probe the connection between china and africa regarding the current chinese concept dubbed the silk road economic belt, variously referred to by such synonyms such as new silk road, silk road and maritime silk road, chinese and 21stcentury new silk road and silk road of the sea. The initiative has increasingly emerged as chinas major vehicle for international engagement, with important health dimensions. On the other hand, the 21st century maritime silk road connects china and southeast asian countries to europe and africa. Building a new and sustainable silk road economic belt. Building a chinapakistan community of shared destiny to pursue. Central and eastern european countries focus on the silk road. Apr 02, 2018 chinas leaders have mapped out an ambitious plan, the maritime silk road initiative msri, to establish three blue economic passages that will connect beijing with economic hubs around the world. Chinas one belt, one road obor project is dubbed as the countrys longterm national grand plan for the coming two to three decades. These two initiatives are jointly known as one belt one road obor. Silk road economic belt news portal and international.
A paper for china as a maritime power conference july 28. Belt and road is an initiative by the chinese government aimed at reviving the historic silk road between china, europe and the middle east. 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 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.
In this context, central asian leaders and security experts are deeply worried about the geopolitical implications of the obor project and this is. What you need to know the belt and road initiative bri is a combination of two initiatives. The belt and road initiative is sometimes referred to by its full namethe silk road economic belt and a 21st century maritime silk road. An empirical research on agricultural trade between china. Pdf policy report building the silk road economic belt. Dhl global forwarding china belt and road initiative and. A month later while visiting southeast asia, a complementary 21st century maritime silk road was further introduced.
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. Like the silk road economic belt initiative, most countries have joined the asian infrastructure investment bank. In this paper, we argue that the sreb starts from china. The belt and road initiative, namely the silk road economic belt and 21stcentury maritime silk road, is chinas major move to expand and deepen the openingup policies to the outside world, arousing wide concern in the international community. The transportation infrastructure of the silk road economic belt includes railways, roads, air transportation and pipelines, etc. It is the english translation of the chinese term yidai yilu. The belt and road initiative is a major diplomatic priority for chinese president xi jinping, who convened a belt and road summit in beijing in may 2017. Jinping put forward the proposition of building the silk road economic belt sreb. The silk road economic belt friedrich ebert foundation. The silk road economic belt is a new economic development zone on the basis of the an. What emerges as the primary objective of the new silk road is to respond to an increas ingly challenging international economic environment. Economics and trade impact of the silk road economic belt.
The blueprint was to create two routes the silk road economic belt and the 21stcentury maritime silk road to better connect cities in the eastern, middle and western parts of china, and link its major seaports to asia pacific and eastern europe, the two biggest growth. Today, the development of the eurasian land mass as described by china as part of the silk road economic belt could also be described as a similar venture. Like the classic silk road, the new silk road is also a network of intricate routes, which are commonly classified as different economic corridors. Yet, reviving the silk road in central asia will not be. Deposit scholarly works such as posters, presentations, conference papers or white papers. The building of the silk road economic belt is an exciting prospect that may bring immense economic benefits to eurasian countries. Geographic coverage of the silk road economic belt and the 21st century maritime silk road source. The combination of the silk road economic belt, reaching from china to central and south asia and onward to europe, and the new maritime silk road, reaching from china to southeast asia and the middle east and north africa to europe, touches an enormous mass of humanity. How much will the belt and road initiative reduce trade costs. The focus of the workshop was the economics behind the chinese silk road economic belt sreb and its impact in. Policy report building the silk road economic belt. Vision and actions on jointly building silk road economic. 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.
Road economic belt and 21stcentury maritime silk road states that we should promote ecological progress in conducting investment and trade, increase cooperation in conserving ecoenvironment, protecting biodiversity, and tackling climate change, and join hands to make the silk road an environmentfriendly one. Pdf centralasia occupies the centrepiece of chinas silk road economic belt sreb initiative. The idea was to forge closer economic ties, deepen cooperation, and expand development in. It includes the silk road economic belt for the land part and the 21st century. An empirical research on agricultural trade between china and.
Map of central asia illustrating silk road economic belt. Indonesia in september and october 20, unveiled the silk road economic belt and the 21st century maritime silk road proposals also termed as one belt, one road bri it set into motion an organic pivot which is very much poised to be a major strategic term of reference affecting global diplomacy in the 21st century. He called for the building of a silk road economic belt and a 21st century. The idea of central asia as a regional grouping in political and security terms is almost non. The eurasian economic union and the silk road economic belt. 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. The initiative is essentially an economic effort but when implemented would also. Central asia occupies the centrepiece of chinas silk road economic belt sreb initiative.
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