The $900bn question: What is the Belt and Road initiative?
By Tom Phillips https://www.theguardian.com Acessado em 25/10/2017
It’s a confusing title but it could turn out to
be the largest ever infrastructure project with close
to a trillion dollars being invested
across the globe
In concrete terms, the Belt
and Road initiative is an immensely
ambitious development campaign
through which China wants to boost
trade and stimulate economic growth
across Asia and beyond. It hopes to
do so by building massive amounts
of infrastructure connecting it to countries around
the globe. By some estimates, China plans to pump
$150bn into such projects each year. In a report released at the start of this year, ratings agency Fitch
said an extraordinary $900bn in projects were planned
or underway.
The Belt and Road initiative has
two main prongs: one is called the ‘Silk
Road Economic Belt’ (the belt) and
the other the ‘21st Century Maritime
Silk Road’ (the road). Bewilderingly,
the ‘road’ is not actually a road but
rather a sea route linking China’s
southern coast to east Africa and the
Mediterranean. The ‘belt’ is a series of
overland corridors connecting China with Europe, via
Central Asia and the Middle East.
A iniciativa Belt and Road
The $900bn question: What is the Belt and Road initiative?
By Tom Phillips https://www.theguardian.com Acessado em 25/10/2017
It’s a confusing title but it could turn out to be the largest ever infrastructure project with close to a trillion dollars being invested across the globe
In concrete terms, the Belt and Road initiative is an immensely ambitious development campaign through which China wants to boost trade and stimulate economic growth across Asia and beyond. It hopes to do so by building massive amounts of infrastructure connecting it to countries around the globe. By some estimates, China plans to pump $150bn into such projects each year. In a report released at the start of this year, ratings agency Fitch said an extraordinary $900bn in projects were planned or underway.
The Belt and Road initiative has two main prongs: one is called the ‘Silk Road Economic Belt’ (the belt) and the other the ‘21st Century Maritime Silk Road’ (the road). Bewilderingly, the ‘road’ is not actually a road but rather a sea route linking China’s southern coast to east Africa and the Mediterranean. The ‘belt’ is a series of overland corridors connecting China with Europe, via Central Asia and the Middle East.
A iniciativa Belt and Road
