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China mulls investing $500bn in Silk Road plan Fri May 5, 20
Sat May 6, 2017 05:18
2604:2d80:4019:83b8:c55a:dcd3:fa7f:1a9

China mulls investing $500bn in Silk Road plan
Fri May 5, 2017 6:4AM
http://i.imgur.com/6RV8KpS.jpg
China's "One Road, One Belt" plan envisions expanding trade links between Asia, Africa and Europe underpinned by billions of dollars in infrastructure investment.

As China is pushing ahead an ambitious plan to revive the ancient intercontinental Silk Road trade route, speculations have emerged in the media that the country may invest half a trillion dollars in the crucial connectivity project.

Bloomberg said in a report that the Belt and Road Initiative could funnel investments worth $313 billion to $502 billion into 62 host countries over the next five years.

The report added that China could even make additional investments of as much as $79 billion in 13 African countries.

Most funds may flow into India, Russia, Indonesia, Iran, Egypt, the Philippines and Pakistan, the report quoted analysts as saying.

It added that the biggest beneficiaries of the plan, which is designed to link China with its neighbors by road and sea, could be midsize domestic construction and machinery companies and Asian infrastructure firms.

Bloomberg further emphasized that China might give certain countries preferential treatment to serve its own interests, such as bilateral relations, resources demand and the soundness of investment.

China’s media earlier said the country had already invested more than $50 billion in Belt and Road countries since President Xi Jinping introduced the initiative in 2013.

The country’s businesses have built 56 economic and trade zones in the countries, generating nearly $1.1 billion in tax revenue, Bloomberg quoted as report by the official Xinhua News Agency as saying.

http://i.imgur.com/UIlQqqn.jpg
The first train on an inaugural China-Britain freight service arrives in London along a modern-day Silk Road trade route after a 7,500-mile journey on Jan. 18, 2017. (Photo by AFP)

The report further said that a crucial mechanism that Beijing was considering for the success of the Belt and Road Initiative was using local currencies instead of dollars. This, as acknowledged by Zhou Xiaochuan, the governor of People’s Bank of China, would help ensure financial stability in host nations and reduce risk from exchange-rate fluctuations.

Meanwhile, a top Chinese security official emphasized that the new Silk Road initiative depended on the countries involved ensuring strong security.

Reuters quoted China’s domestic security chief Meng Jianzhu as telling a conference held in Beijing on Thursday that the plan could only advance if there would be a secure and stable environment.

"Increasing international cooperation, jointly dealing with risks and challenges and protecting the security of One Road, One Belt is the joint responsibility of all countries," Meng was quoted as telling the conference that was held to discuss the security of the One Road, One Belt plan.

Comments (28)


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Chinook
Chinook3 hours ago
The Americans can keep the Pacific Ocean which is dying due to hundreds of ton of radioactive water from the 3 damaged nuclear reactors in Fukushima pouring into it everyday. Strong currents are bringing the water to Hawaii and to the west coast of the US killing fish and sea mammals along the way. The Pacific Ocean is doomed and so is the Great Satan.
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Falesteeni
Falesteeni11 hours ago
Yeah China going around the world with cash and a smile laying train tracks for commerce while the Filthy Americans going around bombing defenseless countries trying to get some train tracks major difference... America is DOOMED because Israhell ain't done with you Americans, not yet!
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Aram from California
Aram from California15 hours ago
Today's Anglo-Zionists are nuisance to entire world's progress.
Control of Afghanistan by USA is major problem for this new Silk Road.
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Turkmobile
Turkmobile17 hours ago
The map shows also why Syria has been ruined by the adversaries.
Most Chinese prodcution is in the coastal regions.
A most efficient route would be China--ocean--Iran--Southern Irak--Syria--Mediterranian--EU, with independance from the Suez Canal.
It was multiple self-adversive for the EU that the EU allowed Syria to be ruined.
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Turkmobile
Turkmobile19 hours ago
Silk energy could reduce the costs of transport of NG to China by 2/3.
Just with cheap deep diving CNG tankers free through the ocean to Myanmar.
Through Myanmar it is only a short distance to the main area's of China.
Overland pipelines can be much cheaper with austempered ductile iron.
With FLuxitech through the deep ocean is cheaper when the quantities are sufficient. Silk energy can become the most important of the Silk projects.
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Shahram Saran
Shahram Saran20 hours ago
BRIKS and Silk Road is the best program to dump the dollar and free from domination.
The Silk Road will help many countries especially African countries that really need help and support. They have a lot of resources but live in difficult position because criminals rub them. They got no facility to sell the products in real price in international markets. This will brings unity between many Asian and African countries as well as economic boom. Difference between China and the America is China wants everybody involve get his share but America wants to rub the world by force and weapon. Fortunately People globally are waken and do not obey criminals.
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Daniel Mitchell
Daniel Mitchell20 hours ago
I would imagine we will see an upsurge in Terror attacks along the planned route. American regime change assets are most likely being primed.
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Kamal Jha
Kamal Jha21 hour ago
Manufacturing is fine but who will buy ?? China will manufacture...all other connected contries will manufacture..then who will buy ?? Don't you think you guys are missing the whole point here. Just go through the case of "Hambantota port" in Srilanka.
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Europod
Europod21 hour ago
Please move forward and push on with this project! It will smash western monopoly.
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Dr.Anthony Williams
Dr.Anthony Williams22 hours ago
The most important aspect of this glorious vision for the benefit of neighbours to the New Silk Road, is that trade between all these strategic partners excludes the American Dollar, and where practicable substitutes local currencies for all transactions large or small. The end of the dollar will see Zionism reduced to a failed and sick ideology.
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the liberator
the liberator23 hours ago
let the game begin. europe is at a brink of collaps and they know it. they want others to go down with them. iran protects middle east, russia protects the the world against american violence while china secure worlds prosperity. where is india and pakistan idiots. let them come together and fight the weapon of mass destruction(america and west) so the world can see and give peace a chance
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RKROY
RKROY> the liberator21 hour ago
INDIA WANTS BEEF MEAT FREE WORLD.
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spart
spart> RKROY3 hours ago
Wt r u trying to say?...Gather ur thoughts properly baby.
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Arnel Alcomendras
Arnel Alcomendrasyesterday at 12:47
This is a great plan from both deeply civilized nations of Iran and China. This is what genuinely great nations do to better the world. All the best to China and Iran.
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spart
spart> Arnel Alcomendras3 hours ago
This plan is of china.
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Mmd
Mmdyesterday at 12:39
The most intelligent forward thinking, for the greatest ROI (return on investment), which also creates Jobs, jobs, jobs and jobs for millions of workers across many industries including bridge building and services in China. This is how they secure jobs - that we really need to learn!
Once these network of rail facilities are put in operation, its the Tourist business which takes over the business, for a very competitive cost and opportunity for people to make their best shopping - for everything.
Then comes respect of visitors, for the services they get at very competitive cost and the friendly face and behavior compared to the snobbish attitudes and the high cost of a visit in the West.
While snubs wasting their time on how to make a war and destroy life and civilization, here comes a constructive plan for serving and making life better. Thanks for your intellectual thinking.
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JOHN
JOHNyesterday at 12:32
CHINA IS A BLESSED COUNTRY INVESTING IN PEACE AND HARMONY BUSY JOINING UP WORLD SOCIETY WHILE USA AND EUROPE ARE BUSY WITH WAR GAMES AND TERRORISM AND LIES.
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vangog
vangogyesterday at 12:21
China constructive policy vs US destructive one.
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J.J._Sezs_Zionism_Is_a_Brainwashing_Cult
J.J._Sezs_Zionism_Is_a_Brainwashing_Cultyesterday at 12:12
The Americans Bomb You, China actually Spends Money and Builds stuff for Countries
they Deal with. There are a lot of comments I could make, but that's the main point.
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Defender
Defender> J.J._Sezs_Zionism_Is_a_Brainwashing_Cultyesterday at 12:21
There were two periods in the 'British Empire,' a short one when Britain invested in countries, and a much longer one where they used weapons.
Guess which was the most successful for all and the long term?
US/UK could learn from this!
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S Balu
S Balu> J.J._Sezs_Zionism_Is_a_Brainwashing_Cultyesterday at 12:35
J.J._Sezs_Zionism_is_a_Brainwashing_Cult
THERE IS SAYING IN AFRICA CHINA BUILDS
so called USA/Britain/France /NATO and Israel destroy countries based on lies ,kill innocent civilia and rob the natural resources of the country
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J.J._Sezs_Zionism_Is_a_Brainwashing_Cult
J.J._Sezs_Zionism_Is_a_Brainwashing_Cult> S Balu23 hours ago
You Did State the True Facts, China comes to Build, The Americans and Israeli's come to Bomb, Destroy and Steal.
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Europod
Europod> S Balu21 hour ago
It attracts psychos with no humanity. A bit like Hindus
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S Balu
S Balu> Europod19 hours ago
Europod,
So true as their system is based on CASTE SYSTEM FAIRER. YOU MORE WORTH YOU ARE
YOU WILL LAUGH YOUR HEAD BUT ALSO SADDEN YOU WHEN YOU SEE ADS OF MARRIAGE PROPOSALS IN INDIAN NEWS PAPER
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Europod
Europod> S Balu17 hours ago
Agree! These Indians take pride in working with the antiquated British beauracratic system. They just have no self respect,even Putin said that Hindus don't have self respect, however he said Iranians are a proud people with a Rich culture, I think he was spot on.
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Europod
Europod> S Balu17 hours ago
Spot on!
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spart
spart> Europod3 hours ago
Putin said this to u personally?
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spart
spart> S Balu3 hours ago
Paki troll spotted....Stop crying baby.

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