The Silk Road Economic Belt and the 21st century Maritime Silk Road, proposed by Chinese president Xi Jinping in 2013, aim to revitalize trade and investment links and bind economic and cultural ties among countries along the routes. The initiative provides enormous opportunities for a wide range of businesses – from small companies to multinational corporations.
Director
BVI House Asia
The network passes through 60-plus countries and regions, with a total population of nearly 4.4 billion. The countries along those routes account for about 40% of the world’s gross domestic product, which also accounts for 29% of the world’s wealth.
At the Belt and Road Forum in Beijing in May, the influence and benefits of the initiative could be seen to be increasing, as China signed deals with 68 countries to jointly develop infrastructure along the new Silk Road trade routes.
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Author: Elise Donovan is the Hong Kong-based director at BVI House Asia. She can be contacted on +852 3468 8532 or by email at elise.donovan@bvihouseasia.com.hk
