Cours 3 Flashcards
BRI main idea
2013
Improving connectivity across the Eurasian continent
Win win cooperation model
Belt
China to Europe through Russia and Central Asia
Road
Old maritimite Silk Road : ports and shipping lane from China to Venice via the South China Sea and Indian Ocean + also connecting China to South Pacific
October 2019
China has signed 171 co-operation documents with 30 international organization and 137 countries
—>70% of population
—>1/4 goods and services
—>75% energy reserves
—>1/2 world gdp
Sratetrgic elements of bri a
- improving territorial transportation links to Europe
- building ports in the Indian Ocean
- solve regional imbalance between its western provinces and rest of country
- using opportunities as IS «americ’a first»
Land based initiative
Links China with Central Europe via a railway running through Central Asia
Estimatedbb ne amie of BRI
1trillion US TO 8trillon US
Investments
1/3: energy
1/3 : transport
..
Répartition régionale investissements
50% asie
23 % Afrique
Middle East 13%
CPEC
China Pakistan economic corridor
Links Kashgar (xinjiang province) with the port of Gwadar in Pakistan
40 billion $ in Pakistan
5 broad areas of cooperation
- Coordinating economic development strategies and policies
- Facilities connectivity
- Lowering trade barriers and improving investments and trade relations
- Deepening financial cooperation
- Strengthening people to people
- Policy coordination
Most challenging objectives
Guarantee for implement the initiative
- Facilities connectivity
Créating multi dimensional infrastructure network, eco corridors and transport road
Promote green and low carbon infrastructure construction
Construction of cross border optical cables, info Silk Road
Bilateral cross border optical cable networks
Unimpeded trade
Improving investment and trade opportunities
Financial integration
Foreign investments key to fulfilling the necessary financing requirements
Aims to develop the Asia bond market
Bilateral currency swap and settlement
Good credit rating to issue rmb bonds in China
Encourage commercial equity investments funds and private funds
