Dear MEL School’s Topic Readers,
China unveils action plan on Belt and Road
Initiative
The Silk Road is a network of trade and
cultural transmission routes that linked China and India to the Mediterranean
Sea in various times in history. It was named after China’s silk that was
carried out along the route during the Han dynasty.
Now, under the present dynasty, China is
trying to revive this ancient trade and cultural routes on both ground and
seas. It is called the Silk Road Economic Belt and 21st-Century Maritime Silk
Road which was introduced by Xi Jinping in 2013 to enhance regional
connectivity and prosperity.
This new initiative is going to be
partially, or could be largely, funded by the Asian Infrastructure Investment
Bank, or AIIB, a financial project for regional infrastructure development, which
is also initiated by China. Over 50 countries jumped on this wagon including
major European countries which are usually regarded the US allies.
Enjoy reading and learning about China’s
ambitious plans to build new trade infrastructure within and interconnect the
regions and also financing initiative that has drawn participation from most of
the major countries in the world.
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