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    Chinese One belt on road
    Vision and Actions on Jointly Building Silk Road Economic Belt and 21st Century Maritime Silk Road
     

    The “One Belt, One Road” Project We Have Undertaken


    ABC Machinery has undertaken two projects of 1700 TPD cement production line and 50 TPD soy protein production line in Uzbekistan. These two projects have successfully applied for financing loan support. Loans totaled up to 250,000,000 RMB, equal to 38,000,000 Dollar ($38 million).
     

    The Belt and Road Initiative (BRI) is Launched in 2013 which involves China underwriting billions of dollars of infrastructure investment in countries along the old Silk Road linking it with Europe. The ambition is immense!


    China is spending roughly $150bn a year in the 68 countries that have signed up to the scheme, focused on supporting Economic and Trade Cooperation, Energy and Resources Cooperation, Infrastructure Connectivity and Industrial Investment.

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    China Will Step Up Financing for Belt and Road Projects

    The official document lays out the basic goals of the Belt and Road Initiative: "It is aimed at promoting orderly and free flow of economic factors, highly efficient allocation of resources and deep integration of markets; encouraging the countries along the Belt and Road to achieve economic policy coordination and carry out broader and more in-depth regional cooperation of higher standards; and jointly creating an open, inclusive and balanced regional economic cooperation architecture that benefits all."


    According to the action plan, the Belt will have three routes and the Road will have two routes:

    The Silk Road Economic Belt

    •   China—Central Asia—Russia—Europe (the Baltic)
    •   China—Central Asia—West Asia—Persian Gulf—Mediterranean Sea
    •   China—Southeast Asia—South Asia—Indian Ocean
    The 21st Century Maritime Silk Road

    •   Coastal China—South China Sea—Indian Ocean—Europe
    •   Coastal China—South China Sea—South Pacific                                   
    •                                                                                                           

    The China Development Bank and the Export-Import Bank respectively opened special loans to support the “One Belt, One Road” project cooperation. According to data from the China Banking Regulatory Commission, as of the end of 2017, 10 Chinese banks have established 68 first-level institutions in 26 countries along the “Belt and Road”, including 18 sub-branches, 40 branches and 10 representative offices.
     

    china one belt one road
     

    • In terms of institutional types, three policy banks and five large commercial banks are still the main force in overseas distribution.
    • In terms of financing scale, Chinese banking institutions have participated in over 2,700 related projects in the “Belt and Road” construction, with a total credit of over 400 billion US dollars, loans of more than 200 billion US dollars, and relevant loan balances of 200 billion US dollars.


    The data shows that 91% of the above bank loans flow to Asia, Africa and Europe, with Asia accounting for 39% and 34% of the total and total amount, Africa accounting for 34% and 23%, and Europe accounting for 18% and 11%. It also includes six loans to Latin America and 10 loans to Central Africa and West Africa.
     

    65 Countries along the Belt and Road


    Region Country Region Country
    East Asia
    China
    Mongolia
    Southeast Asia
    Brunei
    Cambodia
    Indonesia
    Laos
    Malaysia
    Myanmar
    Philippines
    Singapore
    Timor-Leste
    Thailand
    Vietnam
     
    South Asia
    Afghanistan
    Bangladesh
    Bhutan
    India
    Maldives
    Nepal
    Pakistan
    Sri Lanka
     
    Central Asia

    Kazakhstan
    Kyrgyzstan
    Tajikistan
    Turkmenistan
    Uzbekistan

    Middle East and North
    Bahrain
    Egypt
    Iran
    Iraq
    Israel
    Jordan
    Kuwait
    Lebanon
    Oman
    Palestine
    Qatar
    Saudi Arabia
    Syria
    United Arab Emirates
    Yemen
    Europe
    Albania
    Armenia
    Azerbaijan
    Belarus
    Bosnia and Herzegovina
    Bulgaria
    Czech
    Croatia
    Estonia
    Georgia
    Hungary
    Latvia
    Lithuania
    Macedonia
    Moldova
    Montenegro
    Poland
    Romania
    Russia
    Serbia
    Slovakia
    Slovenia
    Turkey
    Ukraine
     


    The Asian Infrastructure Investment Bank (AIIB) was proposed by China in 2013, and the initiative of establishing the bank was launched in October 2014 when representatives from 22 countries signed the Memorandum of Understanding (MOU). By the deadline of 31 March 2015 for submission of membership applications, 57 countries have submitted their applications and have become the founding members of the AIIB. As of 31 December 2015, all these 57 countries signed the Articles of Agreement that form the legal basis for the bank, marking the official establishment of the AIIB. Headquartered in Beijing, the AIIB was open for business on 16 January 2016.

    The 57 AIIB Signatories


    Australia Austria Azerbaijan Bangladesh
    Brazil Brunei Cambodia China
    Denmark Egypt Finland France
    Georgia Germany Iceland India
    Indonesia Iran Israel Italy
    Jordan Kazakhstan Kuwait Kyrgyzstan
    Laos Luxembourg Malaysia Maldives
    Malta Mongolia Myanmar Nepal
    Netherlands New Zealand Norway Oman
    Pakistan Philippines Poland Portugal
    Qatar Russia Saudi Arabia Singapore
    South Africa South Korea Spain Sri Lanka
    Sweden Switzerland Tajikistan Thailand
    Turkey United Arab Emirates United Kingdom Uzbekistan
    Vietnam      
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