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4/03/2015

Topic Reading-Vol.1087-4/3/2015

Dear MEL School’s Topic Readers,
China unveils action plan on Belt and Road Initiative
The Silk Road is a network of trade and cultural transmission routes that linked China and India to the Mediterranean Sea in various times in history. It was named after China’s silk that was carried out along the route during the Han dynasty.
Now, under the present dynasty, China is trying to revive this ancient trade and cultural routes on both ground and seas. It is called the Silk Road Economic Belt and 21st-Century Maritime Silk Road which was introduced by Xi Jinping in 2013 to enhance regional connectivity and prosperity.
This new initiative is going to be partially, or could be largely, funded by the Asian Infrastructure Investment Bank, or AIIB, a financial project for regional infrastructure development, which is also initiated by China. Over 50 countries jumped on this wagon including major European countries which are usually regarded the US allies.
Enjoy reading and learning about China’s ambitious plans to build new trade infrastructure within and interconnect the regions and also financing initiative that has drawn participation from most of the major countries in the world.

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