Print Friendly, PDF & Email

Silk Road Journey

Source: The Hindu
GS II: International relation


Overview

  1. News in Brief
  2. Facts on the Silk Road Journey

Why in the News?

The first-ever freight train from Britain to China, laden with whisky, soft drinks and baby products, started its mammoth journey along a modern-day Silk Road trade route.

News in Brief

  • Started from Britain to China along a modern-day “Silk Road” trade route.

    C2hoG1YXEAARBPu
    The Modern Silk Route
  • The 32-container train, around 600 metres long, left from the vast London Gateway container port on the River Thames estuary, bound for Yiwu on the Chinese east coast.
  • Left from London Gateway container port on the River Thames estuary for Yiwu on the Chinese east coast.
  • It will take the 18-day, 12,000-kilometre journey and will cement a new golden age of trade between the two countries as the U.K. leaves the European Union.

 

Facts on the Silk Road Journey

Key Components
  1. Silk Road Economic Belt: Land routes connecting China to Europe through Central Asia.
  2. 21st Century Maritime Silk Road: Sea routes linking China to Southeast Asia, Africa, and Europe.
  3. Digital Silk Road: Enhancing digital connectivity through investments in telecommunications and technology infrastructure.
From China
  • The first train from China to Britain arrived on January 18
  • Filled with clothes and other retail goods,
How it Helpful
  • The rail route is cheaper than air freight and faster than sea freight,
  • It will offer logistics companies a new middle option.
  • The third kind of connectivity after Air and Sea.
  • Economic Growth: Stimulating trade and investment among participating countries.
  • Infrastructure Development: Building and upgrading transport, energy, and communication networks.
  • Cultural Exchange: Promoting cultural and people-to-people ties to foster mutual understanding and cooperation.
Journey Through 
  • The train will go through the Channel Tunnel before travelling across France, Belgium, Germany, Poland, Belarus, Russia and Kazakhstan before heading into China.
Technical Changes
  • The containers will be taken off and put on different wagons at the Belarus border, as the former Soviet Union countries use a wider rail gauge.
  • The containers switch back to standard gauge rails at the Chinese border, an operation that typically takes around two hours.
What are the challenges?
  • Debt Sustainability: Concerns over the financial viability of projects and the debt burden on participating countries.
  • Geopolitical Tensions: Strategic rivalries and political instability in some regions pose risks to the initiative.
  • Environmental Impact: Infrastructure projects can have significant environmental consequences, including habitat destruction and pollution.
Some Projects and Investments
  • China-Pakistan Economic Corridor (CPEC): A collection of infrastructure projects aimed at improving connectivity and economic cooperation between China and Pakistan.
  • Khorgos Gateway: A dry port on the China-Kazakhstan border that facilitates the transshipment of goods between China and Europe.
  • Gwadar Port: Located in Pakistan, this port is being developed to serve as a major hub for maritime trade in the region.

Daily Current Affairs: Click Here

Rate this Article and Leave a Feedback

Today’s Current Affair content is meticulously crafted to align the topic with the syllabus of Civil Service and various other examinations. Join our community of aspirants and embark on a journey of knowledge, growth, and success with IAS Current Affairs. Let’s stay ahead together in the ever-evolving landscape of competitive examinations and the latest current affairs!

0 0 votes
Article Rating
Subscribe
Notify of
guest

0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x