Belt and Road benefits more

The Silk Road Economic Belt and the 21st Century Maritime Silk Road Initiative—in short, the Belt and Road Initiative—were proposed by Chinese President Xi Jinping more than three years ago. Today, they are taking shape and promoting common prosperity among all countries involved.

Interconnection, specifically the interconnection of regional transport infrastructure, is a priority of the Belt and Road. Over the past three years, China has been working with all countries along the Belt and Road on a number of major transport projects. These include the New Eurasian Land Bridge and a number of other international economic cooperation corridors, pivot cities and other key economic and industrial parks along the Belt and Road.

In terms of overland transportation, three planned routes of the China-Europe Railway, which run across the entirety of the Eurasian continent, provide the backbone of future interconnectivity. Since the successful opening of the railway on March 19, 2011, more and more trains run between the continents.

In terms of maritime transportation China is engaged in the development of many overseas shipping centres. These include Pakistan’s Gwadar Port, Hambantota Port in Sri Lanka and the Grecian port of Piraeus.

From Asia to Europe, from land to sea, the benefits of the Belt and Road Initiative are growing worldwide.

In Laos, the China-Laos Railway is under construction and will be put into use by 2021. At that time, travel between the Chinese border and Vientiane will be shortened to only four hours, thus transforming Laos from a landlocked country to a land-connected one.

In Cambodia, the Special Economic Zone at the Port of Sihanouk has seen the settlement of some 100 enterprises, emerging as a role model for bilateral cooperation under the Belt and Road Initiative.

In Myanmar, an international conglomerate with Chinese participation won the bidding for the Kyaukpyu Industrial Park and Deepwater Port Development project, which is set to improve local infrastructure, employment and people’s livelihood.

In Indonesia, Jakarta—Bandung  Railway has officially begun.

In 2016, China invested USD 14.5 billion in countries along the Belt and Road. So far, Chinese companies have set up 56 economic and trade cooperation zones in more than 20 countries, with a total investment of over USD 18.5 billion, thus increasing tax revenues in the areas by USD 1.1 billion, creating180,000 jobs in the host countries.

 

Belt and Road benefits more

The Silk Road Economic Belt and the 21st Century Maritime Silk Road Initiativein short, the Belt and Road Initiativewere proposed by Chinese President Xi Jinping more than three years ago. Today, they are taking shape and promoting common prosperity among all countries involved. Interconnection, specifically the interconnection of regional transport infrastructure, is a priority of the Belt and Road. Over the past three years, China has been working with all countries along the Belt and Road on a number of major transport projects. These include the New Eurasian Land Bridge and a number of other international economic cooperation corridors, pivot cities and other key economic and industrial parks along the Belt and Road. In terms of overland transportation, three planned routes of the China-Europe Railway, which run across the entirety of the Eurasian continent, provide the backbone of future interconnectivity. Since the successful opening of the railway on March 19, 2011, more and more trains run between the continents. In terms of maritime transportation China is engaged in the development of many overseas shipping centres. These include Pakistans Gwadar Port, Hambantota Port in Sri Lanka and the Grecian port of Piraeus. From Asia to Europe, from land to sea, the benefits of the Belt and Road Initiative are growing worldwide. In Laos, the China-Laos Railway is under construction and will be put into use by 2021. At that time, travel between the Chinese border and Vientiane will be shortened to only four hours, thus transforming Laos from a landlocked country to a land-connected one. In Cambodia, the Special Economic Zone at the Port of Sihanouk has seen the settlement of some 100 enterprises, emerging as a role model for bilateral cooperation under the Belt and Road Initiative. In Myanmar, an international conglomerate with Chinese participation won the bidding for the Kyaukpyu Industrial Park and Deepwater Port Development project, which is set to improve local infrastructure, employment and peoples livelihood. In Indonesia, JakartaBandung Railway has officially begun. In 2016, China invested USD 14.5 billion in countries along the Belt and Road. So far, Chinese companies have set up 56 economic and trade cooperation zones in more than 20 countries, with a total investment of over USD 18.5 billion, thus increasing tax revenues in the areas by USD 1.1 billion, creating180,000 jobs in the host countries.