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One belt one road initiative for china’s economic development 2 This article scrutinizes the one belt one road scheme of China focused on the advancement of logistics infrastructures and the transport on the market road all the way to Europe from China. This initiative is an inclusive scheme that is replete with not only profound changes for Chinese political economy but also the international political Economy. China has ventured into a new period of its expansion, lately, as in the early Silk Road period; China has taken the lead in the world market and has created a pragmatic net balance with The United States and Europe. From the records, China supplies good worth about one billion Euros to Europe annually and import good worth half the amount from the European nations. China is on a hunt for new techniques to improve its market as well as strengthen its global standing and thus take lead in the world of economic relation development (Swaine 2015) The one belt one road scheme was first made known to the public by China globally. Its main objective is to develop transport system to enhance accessibility to the external trade and expand the income of goods exported china to and from Europe, and the neighbouring states like central Asia which include Mongolia, Tajikistan and extent territories like Russia, India, and Pakistan. The reform commission in conjunction with the national development approved the one belt one road scheme name in 2015. Taking historical parallelism into account, to some of the nations implicated, the stratagem is known as the New Silk Road. Beijing organized the one belt one road global financial forum devoted to the possibility to put into action the plan and the new project of China's financial advancement where he pointed out the five grounds of international cooperation; the interconnection of infrastructure, free market and motion of capital, political coordination and nourishment of the bonds between people. However, the scale of the one belt one road scheme is in fact
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