Hungary becomes 1st EU nation to join China’s Silk Road network | The BRICS Post
A new map unveiled by Xinhua
shows the Chinese plans for the Silk Road run through Central China to
the northern Xinjiang from where it travels through Central Asia
entering Kazakhstan and onto Iraq, Iran, Syria and then Istanbul in
Turkey from where it runs across Europe cutting across Germany,
Netherlands and Italy.
The maritime Silk Road begins in China’s Fujian and ends at Venice, Italy.
The network would include building railways, highways, oil and gas
pipelines, power grids, Internet networks, maritime and other
infrastructure links.
Earlier last year, China announced a $40 billion Silk Road Fund to strengthen connectivity in the Asia-Pacific region.
China, with $4 trillion in foreign exchange reserves, is pushing for
the growth of its own multilateral bodies, including the AIIB, the BRICS
Bank and a bank for the Shanghai Cooperation Organization, but also
seeking to strengthen its voice at the World Bank and the International
Monetary Fund.
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