Instant Alert: Inside 'Belt and Road,' China's mega-project that is linking 70 countries across Asia, Europe, and Africa

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Inside 'Belt and Road,' China's mega-project that is linking 70 countries across Asia, Europe, and Africa

by Alexandra Ma on Jan 31, 2018, 11:30 AM

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China is currently undertaking what it considers the largest project of the century — building a network of railroads and shipping lanes linking itself with 70 countries across Asia, Africa, Europe, and Oceania.

The main focuses of the "Belt and Road" initiative — also known as "One Belt, One Road" — are in infrastructure, transportation, and energy.

Countries including India, Pakistan, Russia, New Zealand and Poland have all joined in the project. Together they make up at least a third of the world's GDP.

Scroll down to learn more about it.

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"Belt and Road" is a massive trade and infrastructure project that aims to link China — physically and financially — to dozens of economies across Asia, Europe, Africa, and Oceania.



It consists of two parts: The "Belt," which recreates an old Silk Road land route, and the "Road," which is not actually a road, but a route through various oceans.

The Silk Road was an ancient land route across Europe and Asia that connected traders and travellers from regions like the China, Persia, and the Roman Empire.

Merchants used to transport silk and other commodities by camel or horse along those roads.



As of January 2018, 71 countries (including China) are taking part in the project. They include India, Pakistan, Poland, Turkey, New Zealand, and Russia. Altogether, these 71 countries represent a third of the world's GDP.

Source: Hong Kong Trade Development Council, Brookings Institution



See the rest of the story at Business Insider


 
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