Wednesday, July 11, 2018

The Belt and Road Initiative will provide a beneficial wave for the GCC

China is offering the GCC countries access to a new global marketplace

Dr Jin Liangxiang and Dr N. Janardhan

The National - JULY 11, 2018

China’s Belt and Road Initiative invokes historic memories of the Silk Road, which facilitated communication, trade and exchanges between civilisations. In its current form, the initiative is designed to further China’s economic and foreign policies. It is rooted in China enjoying economic success through infrastructure development.  As China takes on a more global role, the plan is to replicate this strategy abroad, with BRI becoming a tool to build a “common human community with a shared future”.  By attempting to create land and maritime trade routes linking China with Europe, through Asia (including the Middle East) and Africa, Beijing intends to help its own growth and that of others too.

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