The 21st Century Maritime Silk Road was Advocated By the Reason

The 21st Century Maritime Silk Road was Advocated By the Reason
2016-09-29 | author : giser

category : ISSUES

The MSR initiative will focus mainly on Asian countries and prioritize connectivity development efforts in Asia; will establish a framework for Asian connectivity on the basis of land economic corridor and maritime economic cooperation; will achieve breakthroughs in transportation infrastructure as an early harvest for Asian connectivity; and will consolidate public support for Asian connectivity through people-to-people exchanges.

To achieve the above goals, the Asian Infrastructure Investment Bank (AIIB) will be established in 2015, with a membership of more than 20 countries and an expected initial subscribed capital of 50 billion USD, aiming to finance and facilitate infrastructure construction for countries along the "Belt and Road". the Silk Road Fund will also be set up, with China's contribution of 40 billion USD, aiming to provide investment and financial support to carry out infrastructure, resources, industrial and financial cooperation and other projects related to connectivity for countries along the "Belt and Road";free trade areas negotiations are being carried out between China and countries along the "Beld and Road", aiming to facilitate and enhance the trade and economic cooperation among all the relevant countries.

In short, "the Belt and the Road "aim at promoting the common development and connectivity among all countries along the road, and enhance the benefits of all peoples in these countries.

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