China-6

The New Silk Road, also known as the One Belt, One Road or Belt, is a major project initiated by China in 2013. Its goal is to boost mutual understanding, respect, and trust among countries, and promote peace and development. China aims to open up neglected regions in West China by exporting its excess steel and aluminum production. The project includes the construction of roads, railways, seaports, oil refineries, and fiber optic networks to facilitate global trade with China. China has already invested $410 billion into the project between 2014 and 2018. Described as a project of the century, the New Silk Road, also called the One Belt, One Road or Belt, was mentioned for the first time by Chinese President Xi Jinping during a conference in Kazakhstan in 2013. The slogan, All united along the New Silk Road with our friends from all over the world, reflects China's desire to boost mutual understanding, mutual respect and mutual trust, and promote peace and development. Including in the Chinese Communist Party in 2017, the project's biggest objective was to open up regions of West China forgotten by the economic reforms of the last 20 years. Given that China is now in overcapacity of production for steel and aluminum, it is crucial for them to export all over the world their reserves. China has chosen Chongqing at the starting point of the Terrestrial Road, whereas the Maritime Road will constitute a chain of seaports stretching from South China to Africa. The BRI also includes oil refineries, industrial parks, power plants, mines, and fiber optic networks, all designed to make it easier for the world to trade with China. Between 2014 and 2018, China has already invested $410 billion into the project to demonstrate its expertise in construction and economic infrastructure, such as highway, railway, metro lines, and seaports, and in the energy, real estate, and transportation sectors. I need some water!