One Belt, One Road:
Emerging Economies Cover Global Markets
China's infrastructure and energy investments in the One Belt, One Road nations will allow sustainable development.
Beijing’s ambitious economic plan involves massive infrastructure investment that is set to boost economic and trade links in more than 60 countries across Asia, the Middle East, part of Africa and Europe, MANA correspondent reported.
new demand for shipping and logistics was not only created by infrastructure investment in building the transportation connectivity, but also by economic and trade growth resulting from better transportation connectivity.
According to China’s Ministry of Commerce, the value of new contract-signing projects by Chinese companies in the OBOR countries totaled $84bn in the first 10 months of 2016, representing a 30.7% increase year on year.
it's worth to be mentioned that the process Globalization 1.0, which has accomplished the rise of emerging powers such as China, India and Vietnam.