China is planning to create what looks like will be the largest, longest and most complex logistics network in history – at a cost to itself of almost $1 trillion.
The so-called Belt & Road Initiative will virtually encircle China, most of Asia and much of Europe, and will mostly consist of interconnected roads, but will also include sea lanes and railways, and possibly some airways.
In total, it will connect approximately 60 countries, and cost anything between $4 trillion and $8 trillion. And the timescale is anyone’s guess.
The northern parts of the Belt & Road network will include the revival of the ancient Silk Road, which connected China to Persia and the Mediterranean Sea to the north, and India, Indonesia and Arabia via sea lanes to the south. [Read more…] about China says its Belt & Road initiative is a way out of the global economic slump