By Rong Wang, Cuiping Zhu
Read Online or Download Annual Report on the Development of the Indian Ocean Region (2015): 21st Century Maritime Silk Road PDF
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Additional info for Annual Report on the Development of the Indian Ocean Region (2015): 21st Century Maritime Silk Road
How do we revive the ancient Maritime Silk Road? 25 As mentioned above, the MSR is not simply to string the coastal ports as depicted in the map of the “Belt and Road”; what’s more important, the MSR will connect the ports and the hinterland through port infrastructure construction and cargo capacity upgrading. It emphasizes the economic cooperation between ports and the economic alignment between the ports and the hinterland, and is not a simple sea route connecting South China Sea, West Asia and Central Asia.
11). Zhang (2015, p. 18). ftchinese. com/story/001059886. html. 28 16 C. Zhu annual growth rate of 46 %. In 2013, the trade between China and the countries along the “Belt and Road” accounted for 1/4 of China’s total volume of foreign trade. 31 China has possessed the basic conditions and economic capabilities to open to the greater neighborhood, and will play an important role in adjusting domestic economic rebalance and promote the rebalance of Asian and even global economy. 2 The Abundant Capacity of China For the neighboring countries, the abundant capacity of China is the “essence” and “gold”.
It is no easy task to motivate the countries along the MSR. And those counties are mostly developing countries with insufﬁcient economic development and low administrative efﬁciency, and therefore are full of uncertainties and risks. Most of the time, the Chinese corporations which are developing overseas are only making proﬁts from the loans of China. When the project fails, it will become an enormous suspended project with zero yields and cause great loss. In addition, the infrastructure of the countries along the MSR is quite backward and the gap for fund is abysmally large.