A) African Union
B) Brazil
C) European Union
D) China
Correct Answer: D
Solution :
Exp. [d] Belt and Road initiative is being undertaken by China. Plan was unveiled in 2013. The Silk Road Economic Belt and the 21st century Maritime Silk Road, also known as the Belt and Road, One Belt, One Road or the Belt and Road Initiative is a development strategy and framework, proposed by Chinese that focuses on connectivity and cooperation among countries primarily between the People's Republic of China and the rest of Eurasia, which consists of two main components, the land-based 'Silk Road Economic Belt' (SREB) and oceangoing 'Maritime Silk Road'(MSR). The Silk Road Economic Belt (SREB) that would be established along the Eurasian land corridor from the Pacific coast to the Baltic Sea. The SREB focuses on bringing together China, Central Asia, Russia and Europe (the Baltic); linking China with the Persian Gulf and the Mediterranean Sea through Central Asia and West Asia; and connecting China with South-East Asia, South Asia and the Indian Ocean. The 21st century M'SR, in turn is designed to go from China's coast to Europe through the South China Sea and the Indian Ocean in one route, and from China's coast through the South China Sea to the South Pacific in the other. The 'belt and road' would be serviced by a network of roads, high-speed railways, fiber-optical lines, transcontinental submarine optical cable projects, and satellite information passageways. The strategy underlines China's push to take a bigger role in global affairs, and its need to export China's production capacity in areas of overproduction such as steel manufacturing and it is believed that trade volume will increase along with bringing geo-economic shift towards Eurasia.
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