About Silk Road Financial Belt countries

On September 7th, 2013, the Silk Road Economic Belt was initiated that aims to connect Central Asian countries. The “Belt” route stretches to the Baltic Sea area through Central Asia and Russia, to the Mediterranean Sea area by means of Central Asia and Western Asia, and to the Indian Ocean region through southwest China. Get a lot more information about silk road economic belt countries

I. Nations along the Silk Road Financial Belt

5 countries in Central Asia

Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, and Turkmenistan are just across the border from China. They may be closely connected with China’s economy.

6 countries in Middle-eastern:

Iran, Iraq, Jordan, Syria, Saudi Arabia, and Turkey mostly trade oil and gas. They look forward to developing other industries and agriculture via cooperation with China.

6 nations on the boundary among Europe and Central Asia:

Azerbaijan, Georgia, Armenia, Ukraine, Belarus, and Moldova are expected to attain financial integration.

Russia is definitely an vital part from the Silk Road Financial Belt. It has a close relationship with Central Asian countries, the nations of the Caucasus area, and Western Asian countries.

In the event the troubles in Afghanistan might be resolved peacefully, then the development of Afghanistan, Pakistan, and India may also be promoted by the Belt and Road Initiative.

II. Income from the Silk Road Financial Belt nations

The following table provides an overview from the countries of your Silk Road Financial Belt. The field income group is according to the World Bank categorization.

Country: Belarus Area: Europe and Central Asia Income Group: Upper middle income

Country: Kazakhstan Area: Europe and Central Asia Income Group: Upper middle income

Country: Russia Area: Europe and Central Asia Income Group: Upper middle income

Nation: Turkey Area: Europe and Central Asia Income Group: Upper middle income

Country: Georgia Area: Europe and Central Asia Income Group: Lower middle income

Nation: Fiji Area: East Asia and Pacific Income Group: Upper middle income

Nation: Mongolia Area: East Asia and Pacific Income Group: Reduce middle income

Nation: Pakistan Area: South Asia Income Group: Decrease middle income

For extra details, you could stop by Xinhua Silk Road Database for BRI nation information.

III. Overview with the Silk Road Economic Belt countries

Xinhua Silk Road unveils reports on financial figures and facts on the countries from the Silk Road Economic Belt.

Nation name

Republic with the Philippines

Capital city

Metro Manila

Location

299,700 square kilometers

Language

There are about 70 languages inside the Philippines. The national language is Tagalog-based Filipino. English may be the official language and is a lot more widespread inside the country. All Filipinos that have attended school can speak English.

Geography

The Philippines is situated in southeast Asia. Bounded by the South China Sea around the west, the Philippine Sea on the east and also the Celebes Sea around the southwest, the Philippines shares maritime borders with China to the north, Japan for the northeast, Palau for the east, Indonesia to the south, Malaysia and Brunei for the southwest, Vietnam towards the west, and China for the northwest. With a total area of 299,700 square kilometers, the country consists of greater than 7,000 islands, and also the coastline is about 18,533 kilometers lengthy. The Philippines is positioned inside the GMT 08:00 time zone. There isn’t any time difference between Philippines and Beijing as well as the former doesn’t have daylight saving time.

For far more information and facts, you may log onto Xinhua Silk Road Database for detailed reports. (https://en.imsilkroad.com/login)

IV. Exports, imports, and FDI of chosen countries along Silk Road Financial Belt

Even based on the narrow-definition, nations along the Silk Road Economic Belt bear a considerable share of world international trade and cross-bordercapital flows. They accounts for 23.9 % of the world’s total exports of goods and services, 22.1 percent of world’s imports of goods and services, and 25.7 percent of FDI inflows.

V. industrial structure of chosen nations along Silk Road Economic Belt

Economies covered by the Silk Road Financial Belt also havea hugely complementary in industrial structureand resource endowment. You’ll find economies within the pretty early stage of industrialization, like Tajikistan, Kyrgyzstan, Pakistan, and Afghanistan, in which agriculture accounts for more than 20 percent of their total GDP. You can find also standard manufacturing economies like Germany and China. As for endowment, a lot of from the nations are wealthy in oil, gas, or mineral sources,even though some others have scarce provide of all-natural sources.

VI. The way to connect the countries in the Silk Road Financial Belt

The Silk Road Economic Belt is often a long-term vision for the infrastructural development, all through Eurasia in six corridors: from East Asia to Western Europe and South by way of Africa.Eurasian connectivity and financial cooperation span six “economic corridors” and connect nations along the silk roadEconomic Belt.

1. New Eurasian Land Bridge Economic Corridor

The New Eurasian Land Bridge (NELB) is an international passageway linking the Pacific and the Atlantic. As distinct in the Siberian Landbridge, which goes from Russia’s eastern port of Vladivostok via Siberia to Moscow and onward to West European countries, this “second” bridge goes from China’s coastal cities of Lianyungang and Rizhao to Holland’s Rotterdam and Belgium’s Antwerp. The 10,800-kilometer-long rail hyperlink runs via Kazakhstan, Russia, Belarus, Poland and Germany, and serves greater than 30 countries and regions.

2. China-Mongolia-Russia Financial Corridor (CMREC)

The China-Mongolia-Russia Economic Corridor (CMREC) has two key traffic arteries: one extends from China’s Beijing-Tianjin-Hebei area to Hohhot and on to Mongolia and Russia; the other extends from China’s Dalian, Shenyang, Changchun, Harbin and Manzhouli to Russia’s Chita.

Seven important areas of cooperation are envisaged: transport infrastructure and connectivity; port construction, and customs and border inspection and quarantine services; industrial capacity and investment; trade; cultural and people-to-people exchanges; environmental protection; and cooperation with adjacent regions. Transport would be the primary focus.

3. China-Central Asia-West Asia Financial Corridor (CCWAEC)

The China-Central Asia-West Asia Financial Corridor (CCWAEC) links China and the Arabian Peninsula. The vast area it covers commonly follows the trajectory of the ancient Silk Road.

The corridor begins from China’s Xinjiang and traverses Central Asia ahead of reaching the Persian Gulf, the Mediterranean Sea plus the Arabian Peninsula. It crosses five Central Asian nations (Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan and Turkmenistan) and 17 nations and regions in West Asia (including Iran, Saudi Arab and Turkey).

4. China-Indochina Peninsula Financial Corridor (CICPEC)

The China-Indochina Peninsula Economic Corridor (CICPEC) extends from China’s Pearl River Delta westward along the Nanchong-Guang’an Expressway along with the Nanning-Guangzhou High-speed Railway via Nanning and Pingxiang to Hanoi and Singapore.

This land bridge hyperlinks China using the Indochina Peninsula and crosses the heart of Vietnam, Laos, Cambodia, Thailand, Myanmar and Malaysia. It is actually anticipated to increase China’s cooperation together with the ASEAN countries.

5. Bangladesh-China-India-Myanmar Economic Corridor (BCIMEC)

The Bangladesh-China-India-Myanmar Financial Corridor (BCIMEC),using the objective of linking the two enormous markets of China and India and enhancing regional connectivity.

6. China-Pakistan Economic Corridor (CPEC)

China-Pakistan Economic Corridor, The 3,000-kilometer-long corridor begins from China’s Kashgar and ends at Pakistan’s Gwadar, and connects the Silk Road Financial Belt in the north and also the 21st Century Maritime Silk Road in the south. It’s a trade network of highways, railways, pipelines and optical cables, as well as a flagship project below the Belt and Road Initiative.

CPEC won’t only advantage China and Pakistan but will have good impact on Iran, Afghanistan, India, Central Asian Republic, plus the area. The enhancement of geographical linkages having enhanced road, rail and air transportation system with frequent and free exchanges of development and people to people contact, enhancing understanding by way of academic, cultural and regional understanding and culture, activity of larger volume of flow of trade and businesses, creating and moving energy to possess far more optimal businesses and enhancement of co-operation by win-win model will lead to effectively connected, integrated region of shared destiny, harmony and development.

China-Pakistan Economic Corridor is journey towards economic regionalization within the globalized world. It founded peace, development, and win-win model for all of them.

VII. Chinese provines and regions along the Silk Road Economic Belt

5 provinces and regions in northwestern China:

Shaanxi, Gansu, Qinghai, Ningxia Hui Autonomous Region, Xinjiang Uygur Autunomous Region

4 provinces and regions in southwestern China:

Chongqing Municipality, Sichuan, Yunnan, Guangxi Zhuang Autonomous Area

Shaanxi is situated at the geographical center of China. A one-day circular drive around Xi’an can cover a population of many hundred million. Shaanxi is the primary gateway to Northwestern China from central and eastern regions, and also the most important channel from Northern China to southwestern regions. It can be an important and handy place connecting the economically developed eastern region as well as the resourceful western regions.

Because the starting point on the ancient Silk Road, Shaanxi province firmly understands the opportunity of building the modern version, is an exemplary starting point for it and by exploiting its natural positive aspects is positioned to be the “one belt and one road” bridge tower.

Bordering central Asia and as a gateway to Eurasia, west China’s Xinjiang Uygur Autonomous Area could be the core zone on the Silk Road Financial Belt.

Guangxi is definitely an vital area for cooperation involving China and ASEAN since it connects the Silk Road Economic Belt and 21st Century Maritime Silk Road. Guangxi lately enhanced transportation to and from its ports by opening a railway that connects Yulin city with Tieshan Port at the same time as connects the ports of Fangcheng, Beihai, Qinzhou and Tieshan to one another.

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