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Behind the Curtains of China’s Silk Route Fund Initiative

Behind the Curtains of China’s Silk Route Fund Initiative

by David Drake The Silk Route Fund is one of the Chinese government’s initiatives to expand the country’s agenda for development across Asia. The state-owned investment fund was launched in 2014 and aims at fostering increased investment within the “One Belt, One Road” which covers Eurasia. China has been ambitious in its plans to increase trade links, especially towards the west and into Central Asia. The initiative intends to revive the ancient Silk Road. This started taking shape when the government put $40 billion into the fund. The shifting of foreign currency by the government into a special fund has helped the initiative take on a life of its own.   Sourcing for Silk Route Fund Initiative The Chinese State Council is supposed to tap into the nation’s reserves currencies where 65% of the  $40 billion trade and infrastructure financing mechanism is to be obtained. The remaining amount will be ... Read More »

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