China's plans for 'Polar Silk Road' in Arctic Ocean

China’s belt and Ro initiative also known as Polar Silk Ro PSR or ‘Ice’ is a framework to construct several complex networks of potential shipping routes in arctic that stretch across Eurasia, including a northwest passage around North America and a central Arctic ocean route. aim of this route is for Beijing to enhance maritime tre by diverting its energy resources supply vessels that enter and exit Europe via Indian Ocean and Suez canal. 

[Credit: beltandro.com]

PRC’s President Xi Jinping has stressed objective of BRI saying that new Belt and Ro initiative would save transit time by at least a week, an estimated 40 percent if China avoids shipping lanes over Panama and Suez Canal as tre routes. China cited logistic costs optimization, and an increase on EU duties and good taxes that facilitate need to ramp up speed of transportation of cargos to consumers in world as a reason to divert its tritional shipping route through Arctic Ocean, which it believes will be ice-free by 2030s. Some of components of PSR, first announced in 2013, are alrey operational as China seeks to ease financial and logistical challenges for transporting fuel and goods cargoes from potential Arctic states via norrn ro. China’s BRI initiative’s target is to enhance strategic tre and economic partnership with Africa, Europe, and Eurasia via se tre routes. 

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[Credit: Lowy Institute]

China–Pakistan Economic Corridor (CPEC)

‘belt’ describes transportation lanes and network of corridors, while Ro signifies shipping lanes. This has been of concern to India, especially after Beijing drafted plans of construction China–Pakistan Economic Corridor (CPEC) under its “One Belt, One Ro (OBOR)” initiative in 2013. PRC, via its 46 billion USD.CPEC aimed to enhance connectivity with Chinese-invested Pakistani port of Gwar through highway, rail, and pipeline infrastructure. Since launch of controversial project in 2015, China has been conducting a bulk of BRI-related activities in Pakistan. 

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(Image Credit:AP )