21st Century Maritime Silk Road

The 21st Century Maritime Silk Road (Chinese: 21世纪海上丝绸之路), also Maritime Silk Road or MSR, is the sea route part of the Belt and Road Initiative;[1] a Chinese strategic initiative to increase investment and foster collaboration across the historic Silk Road.[2][3][4][5] China–Pakistan Economic Corridor is an extension to proposed Silk Road. The Maritime Silk Road coincides with China's String of Pearls strategy.

Introduction

The Maritime Silk Road initiative was first proposed by Chinese paramount leader Xi Jinping during a speech to the Indonesian Parliament in October 2013.[6]

Silk Road Fund

In November 2014, Chinese leader Xi Jinping announced plans to create a 40 billion USD development fund, which would help finance China's plans to develop the New Silk Road and the Maritime Silk Road. China has accelerated its drive to draw Africa into the MSR by speedy construction of a modern standard-gauge rail link between Nairobi and Mombasa.[7]

References

  1. ↑ https://www.theguardian.com/cities/ng-interactive/2018/jul/30/what-china-belt-road-initiative-silk-road-explainer
  2. ↑ "Sri Lanka Supports China's Initiative of a 21st Century Maritime Silk Route". Archived from the original on 2015-05-11. Retrieved 2014-11-08.
  3. ↑ Shannon Tiezzi, The Diplomat. "China Pushes 'Maritime Silk Road' in South, Southeast Asia - The Diplomat". The Diplomat.
  4. ↑ "21世纪"海上丝绸之路"_百度百科".
  5. ↑ "Reflections on Maritime Partnership: Building the 21st Century Maritime Silk Road".
  6. ↑ "Xi in call for building of new 'maritime silk road'[1]-chinadaily.com.cn".
  7. ↑ Jeremy Page (8 November 2014). "China to Contribute $40 Billion to Silk Road Fund". WSJ.
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