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In Chancay, COSCO agreed to build a new port on the coast in 2019 and in 2022, the China Harbour Engineering Company of China Communications Construction Company agreed to build the complex at 992 ha (2,450 acres) which would include breakwaters, docks and a 1.8-kilometre (1.1 mi) tunnel to warehouses.
The Belt and Road Initiative (BRI or B&R[1]), known in China as the One Belt One Road[a] and sometimes referred to as the New Silk Road, [2] is a global infrastructure development strategy adopted by the Chinese government in 2013 to invest in more than 150 countries and international organizations. [3]
Silk Road trading routes during the 1st century AD. Commercial traffic between Europe and Asia took place along the Silk Road from at least the 2nd millennium BC.The Silk Road was not a specific thoroughfare, but a general route used by traders to travel, much of it by land, between the two continents along the Eurasian Steppes through Central Asia.
Asian Highway route sign used on the AH6. The Asian Highway Network (AH), also known as the Great Asian Highway, is a cooperative project among countries in Asia and the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) to improve their connectivity via highway systems, funded by G77 Gold Standards.
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.
The New Silk Road Initiative was a United States initiative in the 2010s that aimed to integrate Afghanistan with Central Asia, boosting trade and economic development. [1] [2] [3] Originally developed by the staff of General David Petraeus at the United States Central Command, [2] it was formally announced by US Secretary of State Hillary Clinton in 2011 in a speech in Chennai. [4]
The von der Leyen family (German pronunciation: [fɔn deːɐ̯ ˈlaɪən]) is a German noble family which made its fortune as silk merchants and silk weaving industrialists. The Mennonite family established a major textile business in Krefeld in the 18th century. In its heyday, the business delivered silk to most European courts and ...
The Silk Road Fund (Chinese: 丝路基金) is a China Government Guidance Fund to foster increased investment in countries along the Belt and Road Initiative (formerly One Belt, One Road), an economic development initiative primarily covering Eurasia. The Chinese government pledged US$40 billion for the creation of the investment fund ...