The land-based Silk Road is expected to start at Xi’an, the capital of Shaanxi province, located in northwest China, eventually heading southwest across Central Asia, the Middle East and Europe, Xinhua news agency reported.
The Maritime Silk Road is planned to start near Guangdong on the South China Sea and move to the Malacca Strait and the Indian Ocean. From there it will traverse the Horn of Africa, heading into the Red Sea and Mediterranean. Both the land and maritime trade routes will end in Venice, a trading powerhouse in the times of medieval adventurer Marco Polo, when Europe sought to open up trade routes to Asia.
The project shows China’s newfound desire to invest in projects outside of mainland China.
“Previously, China focused on attracting foreign investment, but now the shift is being made -- China’s more and more encouraging its capital to go abroad,” Feng Yujun, senior researcher at the China Institutes of Contemporary International Relations in Beijing, told Bloomberg Businessweek.
China will also create along the new Silk Road 20,000 centers devoted to training "connectivity professionals" over the next five years, Xi said.
The land-based Silk Road is expected to start at Xi’an, the capital of Shaanxi province, located in northwest China, eventually heading southwest across Central Asia, the Middle East and Europe, Xinhua news agency reported.
The Maritime Silk Road is planned to start near Guangdong on the South China Sea and move to the Malacca Strait and the Indian Ocean. From there it will traverse the Horn of Africa, heading into the Red Sea and Mediterranean. Both the land and maritime trade routes will end in Venice, a trading powerhouse in the times of medieval adventurer Marco Polo, when Europe sought to open up trade routes to Asia.
The project shows China’s newfound desire to invest in projects outside of mainland China.
“Previously, China focused on attracting foreign investment, but now the shift is being made -- China’s more and more encouraging its capital to go abroad,” Feng Yujun, senior researcher at the China Institutes of Contemporary International Relations in Beijing, told Bloomberg Businessweek.
China will also create along the new Silk Road 20,000 centers devoted to training "connectivity professionals" over the next five years, Xi said.
China becoming the super power in all that space
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Translation China having a failing economy at home wants to export its excess citizens.
"I fancied myself as some kind of god....It is a sort of disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.” -- George Soros
