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The "21st Century Maritime Silk Road" (Chinese:21世纪海上丝绸之路), or just the Maritime Silk Road, is the sea route 'corridor.' [4] It is a complementary initiative aimed at investing and fostering collaboration in Southeast Asia, Oceania and Africa through several contiguous bodies of water: the South China Sea, the South Pacific ...
The Maritime Silk Road initiative was first proposed by Chinese leader Xi Jinping during a speech to the Indonesian Parliament in October 2013. [5]In November 2014, Chinese leader Xi Jinping announced plans to create a USD $40 billion development fund, which would help finance China's plans to develop the New Silk Road and the Maritime Silk Road.
Austronesian proto-historic and historic (Maritime Silk Road) maritime trade network in Southeast Asia and the Indian Ocean [1]. The Maritime Silk Road or Maritime Silk Route is the maritime section of the historic Silk Road that connected Southeast Asia, East Asia, the Indian subcontinent, the Arabian Peninsula, eastern Africa, and Europe.
BEIJING/BRUSSELS, April 4 (Reuters) - China is struggling to ease worries about President Xi Jinping's signature plan to build a new Silk Road as it readies for a major summit in late April ...
China refers to this project as the revival of the Silk Road. [20] CPEC envisages rapidly upgrading Pakistan's infrastructure and thereby strengthening its economy by constructing modern transportation networks, numerous energy projects, and special economic zones. [21] [22] [23] [24]
The eighth meeting of the Central Committee of the Chinese Communist Party's Financial and Economic Leading Group, held in November 2014, proposed to accelerate the construction of the Silk Road Economic Belt and the 21st Century Maritime Silk Road, and to plan the top-level design for the "Belt and Road" project. [2]
The Central Asia Data-Gathering and Analysis Team has identified 261 BRI projects within Central Asian nations with a minimum investment totaling more than US$136 million. [60] As of April 2019, Kazakhstan invested about $30 billion on infrastructure development, transport and logistics assets and competence as part of the Belt and Road Initiative.
The economic corridor connects several cities in Southern China with the major cities of Southeast Asia including Hanoi in Vietnam, Vientiane in Laos, Phnom Penh in Cambodia, Bangkok in Thailand, Kuala Lumpur in Malaysia, and Singapore with modern road, rail, and pipelines. [1]