Total expected financing associated with the belt and road initiative. Belt and road initiative bri, also known as one belt, one road. On service network improvement for shipping liners. Chni a is leadni g the effort to create the wordl s largest economic platform. One belt one road obor initiative of china involves infrastructural development and investments in many countries across continents of asia, europe, africa and america. One of the most prominent aspects of the belt and road initiative is a change possibly a reshaping in the pattern of global ownership and control of. Trade impacts of the belt and road initiative ing think. This paper presents an overview of the recent development of eurasian rail freight in the one belt, one road era and further evaluates its service quality in terms of transit times and transport. One belt, one road, or the new silk road for china.
These initiatives have created more favorable external conditions for soes to invest abroad and thus ushered in a new age of internationalization. For this reason, even though one belt one road initiatives possible effects on world politics and international political economy are also elaborated on, main focus. China has highlighted five different priorities for the bri. Pdf eurasian rail freight in the one belt one road era. The belt and road refer to the overland and maritime trade routes between china, europe, the middle east, and east africa. The one belt, one road initiative global trade analysis project. Security challenges of one belt one road initiative. Rather than a singular route, as the name might suggest, the bri is composed of six major economic corridors see figure 1. It will be used to improve connectivity along the one belt, one road by financing infrastructure, resources, industrial and financial cooperation projects, probably with an initial focus.
The bri will see these routes renewed and improved through a number of largescale infrastructure projects. Effective liner shipping is important for the global seaborne trade. Often, the shipping industry is categorized into two major sectors. The route has been proposed as an economic instrument to help its own growth, but also to modernize ports.
The volume of cargoes transported by liner shipping has been increasing over the past decades. Chinas one belt, one road, a drive for great britains. Recently theres been a lot of talk about the one belt, one road initiative. One of the biggest stories in asian business is chinas one belt, one road initiative, an economic and diplomatic program that could transform trade. In case you havent heard of it or dont know the details, heres a brief and easytodigest summary of. Although known across the globe, it seems so far to have slipped largely under the radar of the shipping community, and will have great impact on trade and shipping in the years ahead. Chinese one road, one belt and its complementary 21th century maritime silk road are working on building these missing networks. Maritime silk road routes and possible key port destinations. The publication provides informed consideration about the opportunities and implications of obor.
Hoegh autoliners explains how this new initiative will have a great impact on. Along the belt, roads, rail links, dry ports and industrial zones are being developed. Pdf the plans for the maritime silk road affect the existing liner services. Approximate 90% cargo volume of international is transported by sea. By pinsent masons pinsent masons has supported the economist corporate network to create, one belt, one road. This policy is designed to enhance connectivity and economic. It has a particular emphasis on hong kong service providers, evaluating their role in facilitating mainland. Introduction shipping is a service industry that generally provides cargo transportation of international trade.
The humbly named belt and road initiative bri is anything but humble. One belt one road is a chinese initiative to connect more than 60 countries 64 at present with physical, commercial, cultural, and other links one belt the silk road economic belt, a recreation of land based trade routes from china through central asia and on to the middle east and europe. Sunday marked the start of the belt and road forum barf in beijing, a firstofitskind conference about chinas belt and road initiative. The plan involves more than 60 countries, representing a third of the worlds total economy and more than half the global population. Cosco purchased one half of a 20% stake in the bank, sold by australia and new zealand banking group. The impact of china one belt one road on abidjan port. Prospects and challenges on chinas one belt, one road. The one belt one road initiative is seen by some as beijings effort to change the worlds power dynamic and establish new rules to its standard. For the first time, china is seeking to export its development model to other countries.
Chinas one belt, one road obor project is dubbed as the countrys longterm national grand plan for the coming two to three decades. Also called one belt, one road obor, it is chinas bold new vision for a network of routes featuring an overland trade route through central asia to europe, and a new version of the maritime silk road through southeast asia to the middle east and africa, together spanning more than 60 countries with a. Part of a joint research initiative by hktdc research and the shanghai academy of social sciences, this study provides an overview of the performance of chinas overseas economic and trade cooperation zones and their role within the belt and road initiative. Maritime one belt one road, the new silk road how it. Since the economic strategic conception of one belt and one road put forward by president xi, one belt and one road. Which obstacles are there, and what advantages does the route offer. Because how does this new silk road by train to and from china work exactly. Ivory coast and china established their diplomatic relations in 1983. One belt, one road and the history of the maritime silk route. Introduction built in 1950, abidjan port is the main port of ivory coast, which is the second largest economy of west africa. Download 1,194 one belt one road stock photos for free or amazingly low rates. July, 2017 this economic initiative is a political solution, not a commercial enterprise. That is the new china initiative to rebuild the old silk road along modern principles.
One belt, one road for foreigners opinion chinadaily. Obor in the context of the ccps evolving foreign policy canon 11. Obor plans to weave asia, europe, africa, and the middle east closer. Chinas one belt one road initiative an indian perspective. Onebeltoneroad policy implication on logistics route. With total infrastructure spending across developing countries, on average. The one belt one road obor initiative, established by president xi jinping of china, is an extensive longterm infrastructure initiative modernizing the original silk road trading routes. Belt and road president xi jinping launched the belt and road initiative in 20 at the time, it was known as the one belt one road initiative. In 20, the peoples republic of china has announced its intention to invest a lot of effort and money in reestablishing the historic silk route called one belt one road obor in china in order to stimulate trade with central asia, south and asia, the arabian peninsula, and mediterranean europe, as lee describes.
Indeed, one belt, one road represents a striking departure in chinese policy. The chinese logic for global development by feng bing is the first book which systematically illustrates this strategy, comprehensively analyzes its international and domestic background and profound motive, presents the consistent. One belt one road initiative is seen as an initiative that looks out for the chinas internal problems, rather than the matters regarding foreign policy. The one belt, one road obor initiative creates significant opportunities for organisations to participate in a range of projects, especially those involved in the infrastructure, construction, heavy equipment, energy, water and related industries. Chinas one belt one road initiative obor is an inclusive project that is pregnant to profound changes for international political economy but also for chinese political economy. In late march, the port of rotterdam authority organised the very wellattended one belt, one road obor seminar for shippers and operators.
The celebrated revival of the silk road would seem to herald the return of chinas charm offensive, winning over neighbors and other countries. Huwen administration 20022012 xili administration 20122017. These economic corridors differ largely in size and are at various stages of planning and implementation, with some relying on existing infrastructure or projects integrated into the obor initiative. The other 10% was sold to the shanghai sinopoland enterprise management development corporation. One belt one road, the new silk road how it will affect shipping. Here is some background on what already has been done. Pdf assessing the impact of the maritime silk road researchgate. One belt, one road the internationalization of chinas soes. Read how obor affects indias foreign policy like the blue dot network initiative. Chinas one belt one road obor global initiative is set to build land and oceanrelated infrastructure to connect the country with central and south asia, europe, middle east and africa. Named after one of chinas most valuable exports, the silk road has played a significant role in shaping political and economic relations between countries located along the route and helped. Despite the repulsive acronym, 28 heads of state, 100. One belt, one road and chinas international relations. How one belt one road initiative will impact shipping.
A practical assessment of the chinese communist partys roadmap for chinas global resurgence 1. Chinas one belt one road initiative will impact the. Top container ship trade routes geopolitical futures. The plan is a bit of a grab bag, but seems to include the following. One belt one road stock photos download 1,194 royalty. One belt one road policy implication on logistics route competition.
What is the one belt one road obor the belt or silk road economic belt, and the road or maritime silk road are designed to be complementary, aiming for better infrastructure and connectivity to boost the growth of the countries along the belt and the road which obor covering about 65% of the worlds population, about one third of. This is also the rationale behind the decision of many middle eastern countries to join. One belt, one road obor members research service page 5 of 12 that run parallel to or link the belt and the road. Ship scheduling and network design for cargo routing in. Case study of chinagermany trade maritime economics research center hamburg business school, university of hamburg 1 executive summary chinas one belt, one road obor initiative has caused great media attention and heated discussions globally since announced. Sheu and kundu sees one reason to develop this idea. The future of trade in asia could depend heavily on what becomes of chinas expansive one belt, one road initiative, which calls for massive investment in and development of trade. World container port handling and throughput as shown in table 4. One belt, one road mapping chinas main outbound route. Assessing the impact of the maritime silk road sciencedirect.
The plans for the maritime silk road affect the existing liner services. The twopart initiative called one belt, one road includes both land and sea routes and the opening of multiple economic corridors, spanning an area that covers almost twothirds of the worlds population and a third of global gdp. Also last week, cosco shipping agreed to buy a 10% share in the shanghai rural commercial bank, diversifying its investment portfolio. How one belt one road initiative will impact shipping chinas one belt one road obor aims to connect the country with central and south asia, europe, middle east and africa. Since the launch of the one belt, one road obor initiative in 2015, china has announced its intention to invest in major infrastructure projects to promote trade and co. Creating potential new shipping routes by the obor. What is the one belt one road obor the belt or silk road economic belt, and the road or maritime silk road are designed to be complementary, aiming for better infrastructure and connectivity to boost the growth of the countries along the belt and the road which obor covering about 65% of the worlds population, about onethird of. On service network improvement for shipping lines under the one belt one road initiative of china transportation research part e. One road obor initiative will build roads, ports and railway tracks along ancient trading routes to asia. Parallel to this, however, it is necessary to resolve security problems, otherwise transactional costs might increase. In 20, the peoples republic of china prc announced its ambitious one belt, one road obor initiative.
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