Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


New Silk Roads to energize Asia's vast economic potential

09 November 2014, 08:39

Beijing - Since its inception in 1989, APEC has served as a platform for increasing economic cooperation across the Asia-Pacific region.

The concept of modern-day Silk Roads, proposed by President Xi Jinping, is now fundamental, within that guiding principle. It is hoped that by re-awakening these ancient trade routes, economic links from China, across Asia to Europe, can be further energized, boosting the vitality of the entire region.

There are two general trade routes: The modern day inland Silk Road will begin in Xi’an in Northwest China — the same starting point for the ancient route. It will stretch through Urumqi, capital of China’s Xinjiang Uygur Autonomous Region, before crossing into Kazakhstan. This revitalized trade network will then run southwest from Central Asia to northern Iran before swinging west through Iraq and Turkey. And from Istanbul, it will branch northwest through Europe, finally intersecting at the other proposed trade route — the Maritime Silk Road.

This sea trading route will begin from Fujian province in East China, and head south to the Malacca Strait. It will then cross the Indian Ocean to Nairobi, in Kenya, before heading north to the Mediterranean.

The fundamental idea is to boost regional interaction. And there is a reason: total trade volume between China and all nations along both the two routes was over US$1 trillion in 2013 — roughly a quarter of China’s total trade. Between 2003 and 2013, that total trade volume grew by an average of 19 percent year-on-year — significantly faster than the growth in Chinese trade with other parts of the world.

So these are the key areas that China wants to focus on. Various projects have already begun, including the relaunch of the China-Europe railway project.

 - Xinhua

For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page!


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
Wilon Ochieng
Labour Party to dump both Jubilee...

The Labour Party of Kenya is likely to avoid supportoing both the CORD and Jubilee factions during the 2017 General Elections. Read more...

Submitted by
William Korir
Ukambani MP quits Jubilee, to run...

An Ukambani MP has quit the Jubilee Party, citing voter apathy as his reason behind leaving the ruling coalition. Read more...

Submitted by
Victor Tinto
Government launches probe into Po...

The government has launched an inquiry into the circumstances that could have led to two National Police Service helicopter accidents in August and September this year. Read more...

Submitted by
Wilwon Ochieng
Deputy Governor's ally found with...

The EACC has recovered KES 2 million in fake currency from a close ally of Deputy Governor for Tharaka Nithi Eliud Mati. Read more...

Submitted by
William Korir
Mudavadi given permission to join...

Musalia Mudavadi has been ghranted permission by his party to join the CORD Coalition. Read more...

Submitted by
Victor Tinto
EACC officers raid Deputy Governo...

EACC officers raided the home of a Deputy Governor as theft case continues in court. Read more...