One belt, one Road also known as the Belt and Road Initiative. It is a Chinese framework for organising multinational economic development through two component, the land based " Silk Road Economic Belt" (SREB) and ocean going "Maritime Silk Road" (MSR).
The " Belt and Road" has two components, the silk road economic Belt (SREB) that would be established along the Eurasian land corridor from the pacific coast to the Baltic Sea , and the 21st century Maritime Silk Road (MSR).
The "Belt and Road" run through the continents of Asia, Europe and Africa, connecting the vibrant East Asia economic circle at one end and developed European economic circle at other.
The SREB focuses on bringing together China, Central Asia, Russia and Europe (Baltic); linking China with Persian Gulf and Mediterran Sea through Central Asia and West Asia; and connecting China with south east Asia and the Indian ocean.
The 21st Century MSR, in turn is designed to go from China's cost through the South China Sea to the South Pacific in other.On land, the initiative will focus on jointly building a new Eurasian Land Bridge and developing China-Mangolia-Russia, China-Central Asia-West Asia and China-Indochina Peninsula economic corridors.
IMPACT
Analyst point out that the "One Belt One Road" initiative, backed by solid financial institutional network, once implemented, is expected to shift the geo-economic power away from the United States, towards Eurasia.
More than 4.4 billion people or 63 per cent of the global population countries, are expected to benefited from China's game changing plans.
The "Belt and Road" initiative could shift the centre of Geo- Economic power towards Eurasia, undermine the " Asia Pivot" of the United States and its allies.
Chinese President Xi Jinping is hopeful that the mega-trade volumes among the Silk Road economies would touch 2.6 trillion dollar over next 10 years.
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