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Xi Jinping intends to implement his plans to revive the centuries-old Great Silk Road

China plans to create a fund of $ 16,3 billion, which will finance the construction of infrastructure connecting the country's markets with three continents. Thus, the head of the country Xi Jinping intends to implement his plans to revive the centuries-old Great Silk Road - the trade route connecting China and Europe.

The funds of this fund will be directed to the construction and development of roads, railways and pipelines in the Chinese provinces.

Investments will be carried out taking into account the country's strategy for the development of land and sea routes of trade between China and Europe - the so-called New Silk Road, according to information from officials who participated in the development of the project.

It is planned to stimulate Chinese investors to invest in the development of infrastructure in those countries where trade routes connecting China with Europe will take place, government officials said. In addition, the authorities intend to encourage Chinese companies to invest in these countries and participate in tenders.

Plans to create a new Great Silk Road, which consists of land and sea roads, were announced by Xi Jinping in Kazakhstan last year.

“Previously, China mainly attracted foreign investors, but now the situation has changed: China is increasingly encouraging its investors to invest in overseas projects,” said Feng Yuyun, a senior fellow at the China Institute of Contemporary International Relations in Beijing.

The Great Silk Road is a system of roads from China to Europe. Caravan routes arose around the II century AD. They passed through the territory of modern China, Kyrgyzstan, Kazakhstan, Mongolia, India, Turkey, Iran, Greece and the countries of the Transcaucasus. The road came to decline in the 15th century due to the development of maritime trade and military conflicts in Central Asia
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