Belt and Road infrastructure network starts taking shape, investment increases

Описание: Three years into the grand scheme, this trade and infrastructure network is taking shape. The best cases in point include six economic corridors that let distant places connect while meeting trade demands. These sprawling corridors include the China-Pakistan Economic Corridor, the Eurasia Land Bridge, and the corridor that connects China, Mongolia and Russia... All have seen rapid progress, with major highways, railways and port projects under way for each. On top of these newly developed routes, Chinese businesses have been connecting the dots in the last three years. Now more than 50 economic and trade cooperation zones have been set up in 20 countries. By the end of 2016, these cooperation zones had taken in more than $1 B in tax revenue while creating nearly 180,000 local jobs. And there's more to come -- China has invested more than $50 B in countries along the route. China's trade with these countries rose in the wake of this investment. It grew to more than $ 900 B in 2016. No small feat... as overall foreign trade has declined amid the unstable world economy.

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