![]() Northern Line A: North America (USA, Canada) – North Pacific – Japan, South Korea – Sea of Japan – Vladivostok – Hunchun – Yanji – Jilin -Changchun – Mongolia – Russia – Europe.Within a decade, bilateral trade is expected to increase to more than US$ 2.5trn. The individual routes are to be linked to each other by connective corridors.Īccording to China’s trade ministry, the number of goods and services traded with countries along the One Belt, One Road route in 2015 was US$ 995bn, representing around a quarter of China’s trading volume. They include not only land connections between countries (the Silk Road Economic Belt) but also waterways (the 21st Century Maritime Silk Road). These trading routes are to link up 65 countries and territories. This expansion – one of the largest infrastructure projects in Asia – has the highest priority in China’s foreign and trade policy.Īs part of the One Belt, One Road project, a New Silk Road is to be built on the footprint of the old network of caravan routes. It comprises not only road and rail links, but also power grids and pipeline connections. The key elements of the Silk Road initiative are strengthening political dialogue and cultural exchange, establishing closer trading ties, and expanding infrastructure. By 2015, the number of freight trains on this line between China and Europe was 815, representing a year-on-year increase of 165%. Since then, the frequency of freight trains using the line has risen rapidly. In 2011, after many years of construction, China inaugurated a railway connection between Chongqing and Europe. And Africa is to be included along sea lanes. At the same time, The new initiative was not only aimed at states in Central Asia but that it should also stretch out towards Europe. ![]() ![]() ![]() Its main aim is to develop cooperation between China and Eurasian countries along the route of the historic Silk Road in order to support China’s exports. The Silk Road initiative was launched by Chinese President “Xi Jinping”(习近平) in 2013. It is a sort of modern Silk Road – with an investment of many billions in railway lines, pipelines, and ports.īecause modern China has no class system, the Silk Road influence on the different classes (agricultural, commercial, enterprises) has turned into an impact on China or the world economy. The New Silk Road -“One Belt, One Road”, China’s plan is to build closer economic ties between Europe and Asia, and also to strengthen trade links with Africa. ![]()
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