This article is by: World Economic Forum
Read more about it here: What you need to know to understand Belt and Road
An excerpt from World Economic Forum:
Announced by Chinese President Xi Jinping in 2013, the Silk Road Initiative, also known as China's Belt and Road Initiative, aims to invest in infrastructures projects, including railways and power grids, in central, west and southern Asia, as well as Africa and Europe.
If all goes according to plan, the Belt and Road will change the shape of the world economy and world politics, returning us to a time when China occupied the center of global networks.There will be new infrastructure, of course, and that will be an obvious and easy metric of success. In twenty or thirty years some of the new Belt and Road projects will likely stand as the highest example of what human ingenuity can achieve in its drive to master natural forces. A bridge crossing the Caspian Sea may make road transport between Europe and China fast and easy, changing old mental maps separating continents.
As it expands, the Belt and Road is bound to become also increasingly futuristic. Self-driving vehicles on land, sea and air and trillions of connected devices worldwide will be empowered by a Belt, Road and Space fleet of China-centered satellites. Chinese companies are already planning to engage in deep-space economic activity, like building orbit solar power plants, and mining asteroids and the moon.
This grand project is measured in decades, with its conclusion planned for 2049, the centenary of the founding of the People’s Republic of China.
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