Maritime Silk Road

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This article is about the Chinese government initiative. For other uses, see Maritime Silk Road (disambiguation).

The Maritime Silk Road, officially the 21st Century Maritime Silk Route Economic Belt (Chinese: 21世纪海上丝绸之路) is a Chinese strategic initiative to increase investment and foster collaboration across the historic Silk Road.[1][2][3][4] China–Pakistan Economic Corridor is an extension to proposed Silk Road.

Introduction

The Maritime Silk Road initiative was first proposed by Chinese paramount leader Xi Jinping during a speech to the Indonesian Parliament in October, 2013. [5]

Silk Road Fund

In November 2014, Chinese leader Xi Jinping announced plans to create a 40 billion USD development fund, which would help finance China's plans to develop the New Silk Road and the Maritime Silk Road. China has accelerated its drive to draw Africa into the MSR by speedy construction of a modern standard-gauge rail link between Nairobi and Mombasa.[6]

References

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