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• W2583179551 abstract "IntroductionThe Silk Road represents a historical lesson of political, economic and cultural integration due to inter-regional trade and cultural communications. It not only carried people, goods, innovations and ideas among different civilizations and cultures, as Rome, Levant, Persia, Central Asia, India, and China, but was also a key factor in the development of these civilizations by providing political, economic and cultural interactions among them. The Maritime Silk Route, officially the 21st Century Maritime Silk Route Economic Belt is a Chinese strategic initiative to increase investments and foster collaboration across the historic Silk Road. It covers countries and regions with a total population of 4.4 billion (63 percent of world's total) and total economic volume 21 trillion U.S. dollars (29 percent of world's total). The Maritime Silk Road initiative was first proposed by Chinese President Xi Jinping during a speech to the Indonesian Parliament in October, 2013. Consequently in November 2014, he announced plans to create a 40 billion USD development fund which would help finance China's plans to develop the New Silk Road and the Maritime Silk Road. Xi's thrust was on building a stronger China-ASEAN (Association of South East Asian Nations) community, based on a strong political foundation and economic cooperation between the two sides. In making this proposal, Xi highlighted two aspects: first, the geographic proximity between and ASEAN members, and how cooperation and development should bring them closer; and second, the economic potential of both and ASEAN as emerging markets in Asia, which are important not only for their bilateral relations but also for regional economic growth and integration. The Silk Road concept has a hoary ancestry in Chinese foreign policy planning. Beijing has employed this concept traditionally to expand its overseas business, and commercial deals and linkages. But Beijing's orderly employment of this notion in the maritime sector reflects fresh thinking in China's foreign policy in terms of overseas commercial as well as maritime interests.1 So far the layout of MSR is concerned it will begin in Fujian province, and will pass by Guangdong, Guangxi, and Hainan before heading south to the Malacca Strait. From Kuala Lumpur, the route heads to Kolkata then crosses the rest of the Indian Ocean to Nairobi. From Nairobi, it goes north around the Horn of Africa and moves through the Red Sea into the Mediterranean, with a stop in Athens before meeting the land-based Silk Road in Venice.The official statement of Chinese government reads that China proposed to build the Maritime Silk Route of the 21st century with the aim of realizing harmonious co-existence, mutual benefit and common development with 13 relevant countries by carrying out practical cooperation in various fields, such as, maritime connectivity, marine economy, technically-advanced environmental protection, disaster prevention and reduction as well as social and cultural exchanges in the spirit of peace, friendship, cooperation and development. However an analysis of the Chinese motive behind this 'grand strategic initiative' reveals many possible explanations. Bargaining its Locational Benefit and having vast coastline, wants to directly connect its 12 inland regions with almost 14 neighbouring countries which can serve as new export markets for its industries in these regions. Since 2011, because of South Sea dispute, China's relations became bitter with- Cambodia, Laos, Thailand, Malaysia, and Japan. New Maritime Silk Route policy seems to be aimed at defusing tensions- via soft power and economic offer. This will also help in countering the influence of USA and Russia and emerge as a marine super power in the region. Malacca strait in Indian ocean connects Indian and pacific ocean and worlds 25 percent of trade passes through this strait and is completely dependent on this strait for delivery of more than 4 million barrel of crude oil per day. …" @default.
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• W2583179551 date "2015-01-01" @default.
• W2583179551 modified "2023-09-25" @default.
• W2583179551 title "New Maritime Silk Route Challenges and Opportunities for India" @default.
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