ConclusionThe Silk Road was a very old matrix of trade routes that connected the East and West. It was a centre of exchange of cultural ideas and practiced between the regions and religions.
China’s overseas investment has been growing steadily for many years, but it took Xi’s political deftness to encapsulate a somewhat halting, fragmented effort into a coherent, strategic framework worth up to $1 trillion. In the last three years, China has planned, acquired or developed controlling interests in major ports in Malaysia, Brunei, Myanmar, Sri Lanka, Pakistan, Kenya, Djibouti, Turkey, and Greece. China now has direct stakes in the ports that clear approximately two-thirds of the world’s container volume,which is aided by its role as a top sea freight handler through China COSCO Shipping (which purchased Hong Kong’s OOCL line in July). A report prepared by the Center for Advanced Defense Studies (C4ADS), a Washington D.C.
-based non-profit organization dedicated to data-driven analysis and evidence-based reporting of global conflict and security issues, Beijing stated that dynamic infrastructure and investment-dominant BRI initiative most definitely has a strategic component to it that a wary international community is aware and concerned about. In China’s mind, most roads—and belts—leads to the world’s largest and richest market .China insisted to share the growth, development and network and work on more corporeal projects with EU but the European Commission’s Vice President Jyrki Katainen had a different view over this matter. But at the day, Europe and China have similar aims that is preserving jobs,fueling economic growth and maintaining social stability. They may not achieve these goals in the same ways. There are lot of problems being faced by the Chinese government in implication of ambitious project.
A Washington-based consultancy, RWR Advisory Group, has found that projects worth $419bn, or 32 per cent by value of the total in Belt and Road countries since 2013, have run into “trouble” — such as performance delays, public opposition, national security controversies, debt sustainability or governance flaws. The Chinese economy is highly dependent on routes that pass through Indian Ocean, which serves as a important pathway for energy supplies and therefore its evident for Chinese government to show interests along these sea lines. During peacetime, these efforts will certainly expand Chinese force in the region by getting access to port facilities to resupply or refuel and in terms acclimatization with other regional militaries, but at the same time it will create as many exposure as opportunities in terms of protecting trade routes, bases and ships during wartime.