In 2013, China proposed developing a Silk Road Financial Belt to expand Eurasian economic cooperation. with hopes to create a trade and infrastructure network connecting Asia with Europe and Africa along the ancient trade routes on the Silk Road. Silk Road Economic Belt is part from the China-proposed Belt and Road Initiative (BRI). The initiative refers to the Silk Road Economic Belt as well as the 21st Century Maritime Silk Road. An innovative cooperative strategy was outlined, starting with person projects which can be expected to help spur larger-scale regional cooperative development. The proposed financial belt is regarded as the longest economic corridor inside the world - and potentially the most dynamic - connecting the Asia-Pacific area within the east with created European economies in the west. Get far more info about https://en.imsilkroad.com



1. Silk Road Financial Belt Idea and Overview



The Silk Road Economic Belt (SREB) was very first proposed by Chinese President on September 7, 2013. The Chinese President pointed out that "in order to create financial ties closer, mutual cooperation deeper and also the space of development broader amongst Eurasian nations, we are able to innovate the mode of cooperation and jointly construct the "Silk Road Economic Belt" step by step to progressively type general regional cooperation".



Eurasia is one on the most important domains of human beings, and an important origin of human civilization. Practically 2,100 years ago, Zhang Qian, an envoy of China's Western Han Dynasty, twice traveled to Central Asia. For thousands of years following this, a trade corridor connecting Eurasia extended and expanded following generations of exploration. Throughout this corridor, business men brought silk, porcelain, tea and other goods developed in the eastern end of Eurasia to Central Asia, West Asia, Europe and North Africa, although in turn, transported spices, jewelries along with other products in the West for the East. This corridor was named aptly as the “Silk Road”, by which, all through its long history, people of various races and from distinctive regions and varied cultural backgrounds explored and traded, benefited and learnt from one another, promotin geconomic and cultural integration and typical prosperity. The "Silk Road" became the model for economic and cultural exchanges and integration by all ethnic groups in ancient Eurasian.



It may be stated that, prior to the rise of maritime trade, the Silk Road was an essential channel linking Eurasia, and wasone of your primary channels for international trade. Having said that, just after the Industrial Revolution, especially since the beginning of your 20th century, though international trade, international finance, and international personnel exchanges became more frequent as a complete, Eurasian financial and cultural exchanges have stalled, partially resulting from limitations in the geographical environment, lack of infrastructure building, early stage of economic development, too as other elements. As a result, the idea of STEB has quite vital significance for enhancing Eurasian land trade and strengthening economic regional economic integration.



2. Silk Road Financial Belt countries



The SREB in geographically financial sense begins from China around the eastend in the Eurasia continent, passes via Central Asia, West Asia, South Asia and some other regions by 3 lines (northline, middle line,and south line), approaches the Caspian, Black Sea, Mediterranean Sea and also the Arabian Peninsula, and arrives in Europe and North Africa on the westend of Eurasia. Especially, the 3 lines in the SREB are as follows:



"North Line": beginning from China, through Kazakhstan, by way of southern Russia, by way of Ukraine, the Belarus area, by Poland and other Eastern European countries, and lastly reaches Germany, arriving in Western Europe.



"Middle Line": beginning from China, by way of Kyrgyzstan, Tajikistan, Uzbekistan and other Central Asian countries, by Turkmenistan, and continues along the south shore of your Caspian Sea, finally reaching Europe via Turkey.



"South Line": starting from China, by way of Afghanistan, Pakistan, through Iran in to the Arabian Peninsula, after which reaches North Africa via Egypt.



What needs to become noted is that the three lines above just include selected major nations so as to outline the SREB. As a idea of financial geography, the scope on the SREB covers not merely the above-mentioned nations, but also involves Central Asia, West Asia, South Asia and most countries on the Arabian Peninsula.



In addition, the important part of advertising regional integration and financial development of SREB spread to a wider area, which include the majority of North Africa and Europe, too as the East Asian industrial chain including Japan, South Korea and Southeast Asian nations. One end with the SREB will be the East Asian-Southeast Asia industrial chain, along with the other end connects the developed Europe as well as the establishing Africa. Even by the narrow-definition estimates, the SREB covers a population of 2.175 billion, accounting for 30.87 percent from the world's total population. It's also related to an financial scale of about 16 trillion U.S. dollars, accounting for 22.1 percent of world total. By the broad-definition estimates, the SREB covers a population of about 30 million, and relates to an economy of approximately 23 trillion U.S. dollars, with large marketplace potential.