Sunday, July 23, 2017

THE 21ST CENTURY SILK ROAD OFFERED TO BE $1 TRILLION AFTER COMPLETION TO LINK ALL OF ASIA WITH THE MIDDLE EAST AND THE EU ENCOMPASSING 40% OF THE WORLD'S GDP

IT’S a $1 trillion project that could redefine global trade and mark a tipping point for a new Asian century.
But despite the huge ambition and vast scale, relatively little is known about how China’s grand plan might work in practice.
With Aussie companies being told to get in on the action before it’s too late, here’s what you need to know about the global project that could redraw the map.
CHINA’S BELT AND ROAD INITIATIVE
China is working to develop a vast network of railways and ports dubbed the “Belt and Road Initiative” (BRI). That includes the “Silk Road Economic Belt” over land and the “21st Century Maritime Silk Road” which is a series of ports and railways.
Combined, the plan will include more than 60 countries and 4.4 billion people, passing through Asia, Europe, Africa and the Middle East, covering up to 40 per cent of global GDP.

http://www.news.com.au/finance/economy/world-economy/chinas-belt-and-road-initiative-could-redraw-the-map-on-global-trade/news-story/eb752b6332e24ea219e36d0f16742463

No comments:

Post a Comment