The New Silk Road – One Belt One Road

Past
Almost 2000 years ago, early caravans traversed the Eurasian steppe and connected the two continents, thus making trade between east and west possible. Amongst the numerous traded goods were spices and silk, which were very rare and precious in ancient Europe at the time. The high demand for the latter helped the caravan’s route to its famous name. Until around 1368 and the end of the Yuan Dynasty, this route was the most prosperous trading route between Asia and todays Central Europe. Along with the industrialization of the western world, the ancient silk road started to lose importance and came to a total halt in later years.
Present
China’s economic growth has outpaced the growth of any other economy over the last three decades, with an average growth rate of approximately 10% annually. Nowadays, the country is one of the leading exporters of goods. This rapid growth is closely connected to the opening of their market, which allowed China to be gradually integrated into the world-wide economic system. In return, this has resulted in mutually beneficial synergies between China and the rest of the world.
Future
In order to sustain a healthy growth rate, the President of the People’s Republic of China, Xi Jinping, announced the One Belt, One Road project in 2013. The project is based on the example of the initial silk road trading route and is officially called The Silk Road Economic Belt. Additionally, it entails the creation of a new 21st Century Maritime Silk Road. As of today, the Belt and Road project includes more than 60 countries. The planned investments of more than four trillion USD should eventually result in the establishment and development of new as well as existing markets. The Belt and Road project fosters trade agreements, international networks, exchanges and cooperation.

We would be pleased to welcome you as an active contributor to this unique project. We appreciate your time and interest and look forward to a mutually beneficial collaboration.

Your Insight China Team 2018