One Belt One Road ProjectSainmaco_admin
While the actual realization of this project certainly won’t be in 2016, this project is nonetheless goes on our to-watch list because every phase of its development can mean earth-shaking changes for the world economy.
The One Belt One Road Project is a developmental project comprised of two parts; the Maritime Silk Road and the Silk Road Economic Belt, the former goes on water while the latter goes on land. Both, however are aimed at promoting trade and creating a trading route to the entirety of Europe and Asia and was last mentioned in 2013 and promoted by then China Premier, Li Ke Qiang.
This infrastructural initiative by China will cost around US4trillion dollars to US8 trillion dollars and perceived to be of great value to all countries involved, especially those in the Southeast Asian region. For traders, the key to watch for this is how it would affect China’s status as a superpower and how the western world, in particular, America will react; this will determine long term asset prices and even currency movements.