久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Opinion
Home / Opinion / Op-Ed Contributors

A maritime Silk Road to peaceful seas

By Ernesto Gallo/Giovanni Biava | China Daily | Updated: 2017-05-16 07:10
Share
Share - WeChat

Workers are seen on a Chinese COSCO container vessel, as it arrives to Cocoli locks after crossing the Panama Canal to the Pacific side, during its first ceremonial transit of the new Panama Canal expansion project in Cocoli on the outskirts of Panama City, Panama June 26, 2016. [Photo/Agencies]

Westerners may better remember the ancient terrestrial Silk Road, but a magnificent Chinese fleet, led by legendary explorer Zheng He reached East Africa as early as the 15th century. Six centuries later China and its companies are building up the 21st Century Maritime Silk Road (as part of the Belt and Road Initiative). With ports, railroads and related economic activities, the maritime route will complement the land infrastructure along the Silk Road Economic Belt, which will connect Asia with Europe and Africa. What are the maritime route's main advantages and characteristics?

First, it can boost trade and economic activity in one of the world's most dynamic and at the same time most problematic regions. Chinese companies are engaged in a string of ports from Southeast Asia to Venice, including Colombo in Sri Lanka, Karachi and Gwadar in Pakistan, Port Said in Egypt, Kumport in Turkey, and Piraeus in Greece.

Ports bolster trade, industries and businesses in general. Colombo's City Port is a major project at India's gates, with developments both in trade and finance (including an International Financial Center). Port Said and Kumport have crucial strategic importance. Piraeus in Athens, on the other hand, had a throughput of about 1.5 million 20-foot equivalent unit (TEU) before China Ocean Shipping Company gradually took it over in the 2010s. Now its throughput is about 3.5 million TEU, which is in sharp contrast to Greece's financial figures.

East Africa and South Asia are other world regions with terrific growth potential. Chinese companies have recently invested in the Port of Djibouti, a gateway to East Africa and the Middle East, and in a major railroad linking it to Addis Ababa, the capital of Ethiopia, which is rising from poverty also thanks to massive Chinese investments in infrastructure and hydropower. Though better off, Kenya and Tanzania as sources of minerals will also benefit from China-built infrastructure.

Pakistan's case is even more interesting. Pakistan can benefit from the China-Pakistan Economic Corridor, a reportedly $46 billion giant project. Pakistan is geographically crucial because it links the terrestrial Belt with the maritime Road, China and Central Asia with the Middle East.

Pakistan's physical infrastructure is largely outdated, and recurrent power outages rip off an estimated 2 to 2.5 percent of its GDP every year. China's engagement with ports, motorways, railroads and energy facilities is therefore more than welcome in Pakistan; in many ways it will be a game changer for the whole of South Asia.

Energy is then a crucial issue, not only for Islamabad. By investing in the CPEC, Beijing can cut the time and costs of shipping resources via the Malacca Strait.

The 21st Century Maritime Silk Road is relevant to financial issues, too. China will have to develop a large stock exchange to support State activity with funds raised in capital markets. Shenzhen, Shanghai, and the latter's link to the Hong Kong Special Administrative Region already provide an excellent starting point. Something akin to an East Asian "Wall Street" would permit China to compete with the US financially as well. In this sense, China's stock exchanges may have to invest in other stock markets along the maritime Silk Road: maybe global and cosmopolitan Singapore? Or Kuala Lumpur? Jakarta? Or Sydney, where some large Chinese companies are already listed?

A Chinese consortium of exchanges recently acquired a 40 percent share in the Pakistan Stock Exchange, (which itself is a merger of three bourses-Karachi, Lahore and Islamabad), a move which may greatly boost Pakistan's economic growth and China's infrastructure investment in South Asia. This can be compared with the recent agreement between the Bank of China and the Budapest Stock Exchange-a bit further away from the Mediterranean but still linked to the Belt and Road Initiative.

Hungary's shift away (and against) the European Union also exposes the old continent's divisions and difficulties. The combination of a maritime and a land-based project could bring benefits to both Northern and Southern Europe, apart from bridging the gap between the West and East.

Ernesto Gallo is a tutor of business, law and social sciences at Kaplan International College, London, and Giovanni Biava is an energy and gas consultant at Exelen group.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 午夜嘿咻 | 成人做爰视频www视频 | 色婷婷激婷婷深爱五月老司机 | 一级做a爰片久久毛片 | 日韩欧美亚洲视频 | 久久精品中文字幕免费 | 国产一区二区三区久久精品小说 | 国产黄色片在线免费观看 | 久久视频在线播放视频99re6 | 成人午夜视频在线观看 | 亚洲欧美日韩国产一区二区精品 | 亚洲欧洲eeea在线观看 | 一区二区视频在线 | 2021国产精品自拍 | 午夜男人女人爽爽爽视频 | 亚洲产国偷v产偷v自拍涩爱 | 国产欧美日韩视频免费61794 | 一级一片免费看 | 男女视频免费观看 | 热久久在线观看 | 东莞a级毛片 | 99久久精品国产一区二区小说 | 日本免费小视频 | 日本午夜高清视频 | 手机毛片| 国产精品漂亮美女在线观看 | 女人扒开腿让男人捅啪啪 | 国内精品伊人久久 | 亚洲人成综合在线播放 | 国产成人成人一区二区 | 国产成人福利免费观看 | 国产在线精品一区二区夜色 | 国产成人久久精品一区二区三区 | www.夜色.com| 三级全黄的全黄三级三级播放 | 好男人天堂网 | 日韩女人做爰大片 | 国内自拍网站 | 久久亚洲精品无码观看不卡 | 欧美成人精品动漫在线专区 | 偷拍小视频99在线 |