The Belt and Road initiative

The Belt and Road Initiative, known as the Silk Road Economic Belt and 21st Century Maritime Silk Road, is a collaborative development tactics proposed by the Chinese government that aims to connect Asia, Europe and Africa along five routes for economic advancement. The conceptual framework of The Silk Road Economic Belt is to link China to Europe through Central Asia and Russia; connect China with the Middle East through Central Asia; and bring together China and Southeast Asia, South Asia and the Indian Ocean. Whereas the 21st Century Maritime Silk Road stresses on the utilization of Chinese coastal ports to link China with Europe through the South China Sea and Indian Ocean as well as connect China with the South Pacific Ocean through the South China Sea.

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The six economic corridors specified in the Belt and Road Initiative can enable CMI to transform its telecom infrastructure into a deeper collaborative basis with carriers.

These are expected to create new opportunities to facilitate an increasing number of direct connections with carriers across Central Asia and South East Asian such as JAS Tel, Kazakhtelecom, MegaFon, Mongolia Telecom, MPT, Multinet, PTCL, Rostelecom, True, TTK and VimpelCom etc. The connectivity of infrastructure facilities including railways, highways, air routes, telecommunications, oil and natural gas pipelines and ports, will also be promoted under this strategic cooperation framework.

Meanwhile, a new business movement will be induced to establish an infrastructure network connecting various Asian sub-regions with other parts of Asia, Europe and Africa. IT opportunities such as land cable connection and cloud opportunities will therefore grow under this infrastructure boom, while Internet exchange hub could be in China & Central Asia.

In terms of people-to-people bonds, efforts will be made to promote exchanges and dialogues between different cultures, strengthen friendly interactions between individuals coming from various countries and heighten mutual understanding and traditional friendships. These will form the basis for the advancement of voice, P to P and A to P network business.

Steps will be taken to advance signing of co-operation memoranda of understanding (MoU) or plans for the establishment of a number of bilateral agreements for the Belt & Road initiative to further develop telecommunications businesses.