Сhina’s authorities intend to build a new Silk Road, contemporary analog of the great trading route. India and Russia should be main partners of the project, according to Chinese senior diplomat Wang Yi. Tight economic cooperation is provided by the One Belt and One Road initiative. Moreover, Beijing announced that it is open for cooperation with any country interested that is situated near the route. It is noteworthy that China plans a $16.3 billion fund to finance infrastructure that links its market to three continents. Chinese president Xi Jinping pushes forward his plans of reviving the old Silk Road trading route. The fund will be monitored by Chinese banks and its means will be allocated to construction of railways, roads and pipelines. All this is a part of strategy to improve land and shipping routes, according to government officials who participated in drafting the plan. What is more, some measures will be taken soon to encourage Chinese creditors that finance the construction of infrastructure in the countries along the route connecting China with Europe. Chinese companies will also be urged to invest in the countries. The New Silk Road plan that includes a land-based belt and a maritime route was presented as the Chinese national strategy two years ago.
