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Why is China building a New Silk Road?

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#1 Digger

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Posted 17 May 2017 - 08:15 PM

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China is reviving the historic Silk Road trade route that runs between its own borders and Europe. Announced in 2013 by President Xi Jinping, the idea is that two new trade corridors – one overland, the other by sea – will connect the country with its neighbours in the west: Central Asia, the Middle East and Europe. 
 
Hoping to lift the value of cross-border trade to $2.5 trillion within a decade, President Xi Jinping has channelled nearly $1 trillion of government money into the project. He’s also encouraging state-owned enterprises and financial institutions to invest in infrastructure and construction abroad.
 
 
The initiative has received mixed reactions throughout the region, with division most pronounced in the Indian subcontinent. China’s quasi-ally Pakistan regards the initiative (estimated to be worth around $46 billion for the country alone) as a game-changer.
 
The official Indian position is, however, of considerable caution. During the inaugural Raisina Dialogue, a conference on geopolitics and economics, India’s Foreign Secretary Subrahmanyam Jaishankar regarded connectivity as having “emerged as a theater of present day geopolitics,” without mentioning China. 
 
 
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The One Belt One Road initiative, also known as the new Silk Road, doesn't exactly cut through Russian lands, but it does go to Moscow. There is no reason why Russia can't help China in financing and developing the Silk Road, a large portion of which snakes through a land mass that once flew the Soviet Union flag.
 
"What we hope to create is a big family of harmonious co-existence," Xi said during the Belt and Road Forum this weekend. Putin attended. Trump of course did not. He sent Matthew Pottinger, senior director for Asia at the National Security Council instead. "Through the (Silk Road), we hope we can find new driving forces for growth, create a new platform for global development, and re-balance economic globalization," Xi said, which can be taken to mean that China is ready to take its place as future heavy weight of global capitalism, replacing the U.S. in parts of the world.
 
"Eurasia is the future," Putin said, getting it. The Silk Road route accounts for nearly 75% of the world's population and more than half of its GDP.
 
Gamers speculate that the implications of Silk Road give China a stronger position in the international system and increase its role in the system of global governance, particular in regions dependent on it for financing and trade. This includes Washington's favorite worry, that new financial institutions like the AIIB will undermine the World Bank.
 
Traders, on the other hand, are well aware of the Eurasia backwater and see it as a new emerging market. This is particularly true in more advanced economies in the region like India and KZ. The former Soviet 'Stans also are light years behind in infrastructure and have unexplored resources. McKinsey & Company estimates that the region needs at least $8 trillion over the next decade to modernize.
 
"By proposing China's One Belt, One Road initiative, President Xi Jinping has demonstrated an example of a creative approach toward fostering integration in energy, infrastructure, transport, industry, and humanitarian collaboration," Putin said. "We would welcome the involvement of our European colleagues in this partnership."
 
Alas, Putin reach-outs are like poison pills.
 
Europe is also no fan of China's expansion plans. Like Washington, they argue that Chinese development banks won't take the environment and labor rights into consideration when lending big bucks to Silk Road projects. The European Bank for Reconstruction and Development is a major lender for countries along the Silk Road, including Ukraine, currently on IMF and EBRD life support.
 
 
China is embracing megaprojects at an unprecedented rate and will - over the course of a few decades - complete a phase of infrastructure that will rival what the United States has built in its entire history.
 
 
 

 


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#2 status - Suave Taco

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Posted 18 May 2017 - 12:33 PM

It shows the many players involved for control of one world domination. That is the ultimate plan, only the bigger nations involved all want to be top dog. I've heard China has built many cities that still remain relatively empty. They are beginning to fill some. How many of the new cities built are along the silk road route?

 


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#3 Digger

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Posted 18 May 2017 - 03:17 PM

China’s new Silk Road is all part of its grand strategy for global influence
 
London is the final stop on a long and complex network of trade routes that China has forged in recent years. Central Asia – along similar lines of the old Silk Road trading route – has been the main focus of infrastructure development. But China is also intent on developing its trade and investment ties with Europe. With 39 routes linking 16 Chinese cities to 15 European ones, it includes a rail network that cuts across Central Asia to Iran, through Turkey to Russia, Poland and Spain.
 
After adopting the mantle of the “workshop of the world”, China shifted from rejecting US-led capitalism to fully embracing it. Its new Silk Road trade routes now serve to export many of its goods, but are also used to bring meats from Germany, wine from France and wood from Russia back in return.
 
But the routes serve more than just trade. They are embedded in China’s strategy of building an international Asian society and its concerted geopolitical push across the whole of continental Asia.
 
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The success of the initiative could have far-reaching consequences for the Asian countries involved and also the wider international order. As China pushes westwards into Asia so it will be able to exploit inner Asia’s vast natural sources and at the same time lock into its own orbit the world’s big energy zones around the Caspian sea and the Persian Gulf. 
 

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#4 status - Asianfreak

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Posted 19 May 2017 - 04:28 AM

China (The World's most indebted nation public and private) is lending money to countries that have no business taking such large loans of billions of dollars. In some cases they are half in dollars and the other half in yuan with 40 year lifetimes. Something ominous in store for the future when they default and China's true economic disposition is revealed. 


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#5 RottenApples

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Posted 19 May 2017 - 01:27 PM

I suppose all the island building in the pacific is part of their maritime road of commerce too.


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#6 Digger

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Posted 19 May 2017 - 06:06 PM

China (The World's most indebted nation public and private) is lending money to countries that have no business taking such large loans of billions of dollars. In some cases they are half in dollars and the other half in yuan with 40 year lifetimes. Something ominous in store for the future when they default and China's true economic disposition is revealed. 

 

Sure. Lend money to countries they know will default. They'll just come in and take everything and develop it as they wish.


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#7 status - That Fucking Asshole

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Posted 30 May 2017 - 05:35 PM

China knows you're whores who take all that you can. You'll burden your kids with so much government debt that they'll be to weak from not being able to buy food to "fight" back. That's the best case scenario considering democracy will slowly vote in sharia law.


Thanks for hacking my shit. 52 is proof that the US Army is shit that can't determine the real clear and present dangers. All they do is let women feelings kill thier kids future so the British can make some money. Good luck with thinking women lying for ther government affirmative actions jobs will keep you safe. Haha, terrorism my ass, fucking liers.
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#8 status - That Fucking Asshole

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Posted 30 May 2017 - 05:46 PM

How come so many British cucks marry Asian women? Because they have low self-esteem, and they feel asain business money will cum thier way if theu marry a bitch who sells thier people out for some British money.


Haha, China is all over your whoredom you dumb fucks, and all theu have to do is wait for you to abort yourselves out of population. After all, you cowardly pieces of shit do know who hacked my surface and laptop for no reason other than the US Army is fucking stupid.


At least Flynn's sock owner feels good pushing the slow demise of the west. Wow, you trick people by hiding online. It's the bravest thing a british person has dome since you decapitated some women to build your foundation.
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