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Guarantee Mechanism for the SREB

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Spirit of the Silk Road

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Abstract

This chapter analyzes the existing obstacles in cooperation on energy, infrastructure construction, finance, ecological environment, as well as culture, technology and science among countries along the Silk Road Economic Belt and comes up with feasible guarantee mechanism.

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Notes

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    Data source: China Statistical Yearbook 2014.

  2. 2.

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    Data source: Economic and Commercial Counselor’s Office of the Embassy of People’s Republic of China in Tajikistan. http://tj.mofcomgov.cn/; Economic and Commercial Counselor’s Office of the Embassy of People’s Republic of China in Kyrgyzstan. http://kg.mofcomgov.cn/; Economic and Commercial Counselor’s Office of the Embassy of People’s Republic of China in Uzbekistan. http://uz.mofcomgov.cn/.

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    The AIIB is an intergovernmental multilateral development agency in Asia, with supporting infrastructure construction its major goal. As of April 15, 2015, the number of AIIB’s intentional founding member states was 57, including 37 intra-regional countries and 20 extra-regional countries. It covers major Western countries except the United States, Japan and Canada, as well as most countries in Asia and Europe, with members spreading across five continents. Other countries and regions can still join the AIIB as ordinary members in the future.

  15. 15.

    The Silk Road Fund was established on December 29, 2014. It is the largest and highest-level government multilateral cooperation fund in China to date. It covers Central Asia, South Asia, West Asia, Southeast Asia, and Central and Eastern Europe. It mainly provides investment and financing support for infrastructure, resource development, industrial cooperation, financial cooperation and other interconnection-related projects in countries along the Belt and Road to promote common development and prosperity, and achieve reasonable financial returns and medium- and long-term sustainable development.

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    Regional financial integration refers to the integration of financial resources, financial markets and financial activities within a specific geographic area.

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    A regional financial center is a financing hub with concentrated financial institutions, developed financial markets, quick access to financial information, advanced financial facilities and efficient financial services.

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  1. Xi’an, China

    Yongxiu Bai & Songji Wang

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Bai, Y., Wang, S. (2021). Guarantee Mechanism for the SREB. In: Spirit of the Silk Road. Palgrave Macmillan, Singapore. https://doi.org/10.1007/978-981-16-4541-9_7

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  • DOI: https://doi.org/10.1007/978-981-16-4541-9_7

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