China to publish details of ‘Belt and Road’ initiatives

Source:Xinhua Published: 2015-3-16 23:58:02

China will release details of the Belt and Road initiatives when the 2015 Boao Forum for Asia opens at the end of the month in South China's Hainan Province.

Sources said that the implementation plan will include a detailed list of major infrastructure projects including railways, roads, energy, information technology and industrial parks in the coming years.

The number of these major infrastructure projects could reach the hundreds and will spread among Kazakhstan, Kyrgyzstan, Tajikistan, Pakistan and China's other neighboring countries, the sources said.

Northwest China's Xinjiang Uyghur Autonomous Region, located in the center of Asia, is the gateway to the Silk Road, and it will play a key role in China-Europe exchanges.

The 2015 Boao Forum for Asia, from March 26 to 29 in the island province of Hainan, carries the theme, "Asia's New Future: Toward a Community of Common Destiny."

China's ambitious trans-Eurasia and cross-ocean trade strategy, the Belt and Road initiatives, which aim to build a Silk Road Economic Belt and a 21st Century Maritime Silk Road, were proposed by President Xi Jinping during two separate visits to Central Asia and Southeast Asia in 2013, in a bid to revive the historic trade routes by boosting cooperation between China and other Asian nations.

In November 2014, China announced that it will contribute $40 billion to set up a Silk Road Fund to provide investment and financing support for infrastructure, resources, industrial cooperation, financial cooperation and other projects to connect countries along the "Belt and Road."

China said that fund will be open to active participation by investors from both within and outside of Asia.



Posted in: Politics, Diplomacy

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