QUOTE(Angelic Layer @ Apr 22 2020, 04:44 PM)
The oil pipeline is the primary objective from the beginning, hence the new silk road.
That's why it is already a failure as you mentioned it.
The New Silk Road was an initiative of the United States for Central Asia and Afghanistan, which aimed to integrate the region and boost its potential as a transit area between Europe and East Asia.[1] The initiative was announced by U.S. Secretary of State Hillary Clinton in 2011 in a speech in Chennai.[2] The New Silk Road initiative would have linked Central and South Asia in four key areas: Regional Energy Markets, Trade and Transport, Customs and Border Operations, Businesses and People-to-People.[3]
However, the initiative never got off the ground.[2] The term "New Silk Road" is now commonly used by journalists to refer to China's Belt and Road Initiative.
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The Belt and Road Initiative (BRI, or B&R[1]) is a global development strategy adopted by the Chinese government in 2013 involving infrastructure development and investments in nearly 70 countries and international organizations in Asia, Europe, and Africa.[2][3]
The leader of the People's Republic of China, Xi Jinping, originally announced the strategy during official visits to Indonesia and Kazakhstan in 2013. "Belt" refers to the overland routes for road and rail transportation, called "the Silk Road Economic Belt";
whereas "road" refers to the sea routes, or the 21st Century Maritime Silk Road.[4]
Formerly known as One Belt One Road (OBOR) (Chinese: 一带一路, short for the Silk Road Economic Belt and the 21st-century Maritime Silk Road (丝绸之路经济带和21世纪海上丝绸之路)[5]), it has been referred to as the Belt and Road Initiative (BRI) since 2016 when the Chinese government considered the emphasis on the word "one" was prone to misinterpretation.[6] However, "One Belt One Road" (一带一路) is still used in Chinese-language media.[7]
Initial objectives
The stated objectives are "to construct a unified large market and make full use of both international and domestic markets, through cultural exchange and integration, to enhance mutual understanding and trust of member nations, ending up in an innovative pattern with capital inflows, talent pool, and technology database."[15] The initial focus has been infrastructure investment, education, construction materials, railway and highway, automobile, real estate, power grid, and iron and steel.[16] Already, some estimates list the Belt and Road Initiative as one of the largest infrastructure and investment projects in history, covering more than 68 countries, including 65% of the world's population and 40% of the global gross domestic product as of 2017.[17][18]
The Belt and Road Initiative addresses an "infrastructure gap" and thus has potential to accelerate economic growth across the Asia Pacific area, Africa and Central and Eastern Europe: a report from the World Pensions Council (WPC) estimates that Asia, excluding China, requires up to US$900 billion of infrastructure investments per year over the next decade, mostly in debt instruments, 50% above current infrastructure spending rates.[19] The gaping need for long term capital explains why many Asian and Eastern European heads of state "gladly expressed their interest to join this new international financial institution focusing solely on 'real assets' and infrastructure-driven economic growth"
well, if you think economy just all about oil. then yea. but since when pakistan is known of its oil ?
This post has been edited by darkterror15: Apr 22 2020, 04:54 PM