On September 7th, 2013, the Silk Road Economic Belt was initiated that aims to connect Central Asian nations. The "Belt" route stretches towards the Baltic Sea region via Central Asia and Russia, for the Mediterranean Sea location through Central Asia and Western Asia, and to the Indian Ocean region by means of southwest China. Get much more information and facts about https://en.imsilkroad.com



I. Nations along the Silk Road Financial Belt



5 nations in Central Asia



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



6 nations in Middle-eastern:



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



6 countries around the boundary amongst Europe and Central Asia:



Azerbaijan, Georgia, Armenia, Ukraine, Belarus, and Moldova are anticipated to attain economic integration.



Russia is an critical part in the Silk Road Economic Belt. It has a close relationship with Central Asian countries, the countries of your Caucasus area, and Western Asian nations.



When the troubles in Afghanistan can be resolved peacefully, then the development of Afghanistan, Pakistan, and India will also be promoted by the Belt and Road Initiative.



II. Income with the Silk Road Economic Belt countries



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



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



Nation: Kazakhstan Region: Europe and Central Asia Income Group: Upper middle income



Nation: Russia Region: 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: Decrease middle income



Country: Fiji Region: East Asia and Pacific Income Group: Upper middle income



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



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



For much more information, you are able to visit Xinhua Silk Road Database for BRI country data.



III. Overview of your Silk Road Financial Belt nations



Xinhua Silk Road unveils reports on economic figures and details of your countries on the Silk Road Economic Belt.



Nation name



Republic on 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 will be the official language and is a lot more typical in the nation. All Filipinos that have attended school can speak English.



Geography



The Philippines is situated in southeast Asia. Bounded by the South China Sea on the west, the Philippine Sea around the east along with the Celebes Sea on the southwest, the Philippines shares maritime borders with China for the north, Japan to the northeast, Palau for the east, Indonesia to the south, Malaysia and Brunei towards the southwest, Vietnam for the west, and China to the northwest. Using a total region of 299,700 square kilometers, the nation consists of greater than 7,000 islands, along with the coastline is about 18,533 kilometers extended. The Philippines is located within the GMT 08:00 time zone. There isn't any time difference amongst Philippines and Beijing as well as the former does not have daylight saving time.



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For more information, you'll be able to log onto Xinhua Silk Road Database for detailed reports. (https://en.imsilkroad.com/login)



IV. Exports, imports, and FDI of selected nations along Silk Road Financial Belt



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



V. industrial structure of selected countries along Silk Road Economic Belt



Economies covered by the Silk Road Economic Belt also havea extremely complementary in industrial structureand resource endowment. You can find economies inside the quite early stage of industrialization, like Tajikistan, Kyrgyzstan, Pakistan, and Afghanistan, in which agriculture accounts for over 20 % of their total GDP. There are actually also standard manufacturing economies like Germany and China. As for endowment, many on the nations are wealthy in oil, gas, or mineral resources,when some other individuals have scarce supply of all-natural sources.



VI. How to connect the countries in the Silk Road Financial Belt



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



1. New Eurasian Land Bridge Financial Corridor



The New Eurasian Land Bridge (NELB) is an international passageway linking the Pacific along with 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 nations, 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 more 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 region 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 big regions 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 is definitely the key concentrate.



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



The China-Central Asia-West Asia Economic Corridor (CCWAEC) links China and the Arabian Peninsula. The vast region it covers normally follows the trajectory from the ancient Silk Road.



The corridor begins from China's Xinjiang and traverses Central Asia prior to reaching the Persian Gulf, the Mediterranean Sea and also the Arabian Peninsula. It crosses five Central Asian nations (Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan and Turkmenistan) and 17 countries and regions in West Asia (like Iran, Saudi Arab and Turkey).



4. China-Indochina Peninsula Economic Corridor (CICPEC)



The China-Indochina Peninsula Financial 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 with all the Indochina Peninsula and crosses the heart of Vietnam, Laos, Cambodia, Thailand, Myanmar and Malaysia. It can be expected to boost China's cooperation using the ASEAN countries.



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



The Bangladesh-China-India-Myanmar Economic Corridor (BCIMEC),with the objective of linking the two large markets of China and India and enhancing regional connectivity.



6. China-Pakistan Financial 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 Economic Belt within the north and the 21st Century Maritime Silk Road in the south. It is a trade network of highways, railways, pipelines and optical cables, as well as a flagship project under the Belt and Road Initiative.



CPEC is not going to only benefit China and Pakistan but may have good impact on Iran, Afghanistan, India, Central Asian Republic, and also the region. The enhancement of geographical linkages obtaining improved road, rail and air transportation system with frequent and free exchanges of growth and people to people contact, enhancing understanding through academic, cultural and regional knowledge and culture, activity of greater 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 well connected, integrated region of shared destiny, harmony and development.



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



VII. Chinese provines and regions along the Silk Road Financial 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 Region



Shaanxi is situated at the geographical center of China. A one-day circular drive about Xi’an can cover a population of a number of hundred million. Shaanxi will be the major gateway to Northwestern China from central and eastern regions, along with the major channel from Northern China to southwestern regions. It's a crucial and hassle-free location connecting the economically developed eastern region plus the resourceful western regions.



Because the beginning point with 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 organic advantages 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 would be the core zone around the Silk Road Economic Belt.



Guangxi is definitely an important area for cooperation amongst China and ASEAN because it connects the Silk Road Economic Belt and 21st Century Maritime Silk Road. Guangxi not too long ago enhanced transportation to and from its ports by opening a railway that connects Yulin city with Tieshan Port too as connects the ports of Fangcheng, Beihai, Qinzhou and Tieshan to one another.