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Revision as of 03:31, 22 April 2015

The "Belt and Road" initiatives

The term "Belt and Road" initiatives (一带一路) stands for the "Silk Road Economic Belt" and "21st-Century Maritime Silk Road" initiatives. The "Silk Road Economic Belt" concept was initiated by Chinese President Xi Jinping during his visit to Kazakhstan in September 2013. It is slated to boost cooperation along the ancient Silk Road trade route that stretches northwest from China's coastal area through Central Asia, the Middle East and on to Europe. The "maritime silk road" concept first emerged during President Xi's trip to Southeast Asia in October 2013 when he called for increased maritime cooperation between China and the ASEAN countries during a speech to the Indonesian parliament.