INDEX
1. INTRODUCTION ......................................................................................................................... 6
2. SOURCES AND METHODOLOGY .......................................................................................... 8
3. THE BELT AND ROAD INITIATIVE ..................................................................................... 10
3.1. Definition ............................................................................................................................. 10
3.2. Historical background ....................................................................................................... 10
3.2.1. The Silk Road Route ................................................................................................... 10
3.2.2. An International Approach to China ....................................................................... 10
3.2.3. A New Era of Globalisation ...................................................................................... 12
3.3. Basic Concepts .................................................................................................................... 14
3.4. The Silk Road Fund ............................................................................................................ 16
3.5. Belt and Road's significance to China .............................................................................. 19
3.5.1. Connectivity ................................................................................................................ 20
3.5.2. Strategic base ............................................................................................................... 21
3.5.3. Development ............................................................................................................... 21
3.5.4. The Internationalisation of Renminbi (RMB) ......................................................... 22
3.6. Involvement of other countries ........................................................................................ 24
3.6.1. Central Asia and Russia ............................................................................................. 25
3.6.2. Europe .......................................................................................................................... 26
3.6.3. Africa ............................................................................................................................ 26
3.6.4. East Asia ....................................................................................................................... 27
4. THE CHINA-PAKISTAN ECONOMIC CORRIDOR............................................................ 28
4.1. China-Pakistan Relations: Antecedents........................................................................... 29
4.2. Pakistan ................................................................................................................................ 29
4.3. Chinese Expectations ......................................................................................................... 30
4.4. Challenges ........................................................................................................................... 31
4.5. The CPEC and its implications for India ......................................................................... 32
5. PERSONAL EVALUATION ..................................................................................................... 34
6. CONCLUSIONS ......................................................................................................................... 37
7. BIBLIOGRAPHY AND SOURCES USED ............................................................................... 38