China's silk road economic belt framework, pushing the boundaries of economic globalization Abajyan Hrant*, Dechun Huang** *Doctorate Program, Business Administration, Business School, Hohai University, Nanjing, P.R. China. Email: abajyan.hrant@gmail.com **Professor, Department of Economics and International Trade Business School, Hohai University, Nanjing, P.R. China. Email: huangdechun@hhu.edu.cn Online published on 24 October, 2019. Abstract The China's Silk Road Economic Belt Framework is a development approach that was first put out by China's President Xi Jinping in September 20131. The program's focal point is to connect China with other European and Asian countries. The Silk Road Initiative circumscribes the Europe Asia land bridge and five economic corridors; China-Mongolia-Russia, China-Central Asia-West Asia, China-Indochina Peninsula, China-Pakistan and Bangladesh-China-India-Myanmar. The program showed the need for China to become a main player in the economic activities of the world and the need for China to boost its economic relationship with other world economies. The program largely pays attention to investments in real estate, natural materials such as iron and steel, construction materials and transport systems. Basically, the program demands economic unification through development of infrastructure and widening of cultural and market interdependence2. Top Keywords Silk Road Economic Belt Framework, China, Europe, Asia, Middle East, economic corridor, infrastructure, investments, financial institutions, development, developing countries, related projects, geopolitical implications, geo-economics implications. Top |