Asia-Pacific News Brief. New context and economic cooperation opportunities in the Asia-Pacific region and Eurasia
The conjunction of the Eurasian Economic Union (EAEU) and “Silk Road Economic Belt” has a great potential for Eurasian States’ development. At the same time Russia’s response to the Initiative will demonstrate if it can become a truly attractive destination for both foreign investors and partners. The “Silk Road Economic Belt” idea was first announced by the President of the PRC Xi Jinping in September 2013. It has been focused on attaining China’s domestic policy objectives (industry and infrastructure development, highway and railway construction, creating new workplaces in the western part of the country) and achieving foreign policy goals — to provide regional political and economic stability in neighboring states through large-scale investment projects.