The New Silk Road – A boost for international trade?
13th July 2017
This idea of opening up to the West is not entirely new. In 2011, after many years of construction, China inaugurated a railway connection between Chongqing and Europe. Since then, the frequency of freight trains using the line has risen rapidly. By 2015, the number of freight trains on this line between China and Europe was 815, representing a year-on-year increase of 165%.
* Focus on establishing closer trading ties and expanding infrastructure
The key elements of the Silk Road initiative are strengthening political dialogue and cultural exchange, establishing closer trading ties, and expanding infrastructure. It comprises not only road and rail links, but also power grids and pipeline connections. This expansion – one of the largest infrastructure projects in Asia – has the highest priority in China’s foreign and trade policy.
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