Experts from the Republic of Korea (ROK) and Japan believe
the new Silk Road, linking China with Europe, can be
extended further eastward to the Far Eastern countries
issue was raised at the 2007 International Symposium
on Regional Economic Cooperation along the New Silk
Road held in Lanzhou, capital of Northwest China''s Gansu
symposium focused on the development of modern logistics
in the region as well as the construction of cooperation
networks for the cities along the route in China.
8,000-km Silk Road or Silk Route with a series of interconnected
trade routes that once linked Changan (modern Xian)
in China with Asia Minor and the Mediterranean , has
huge potential in promoting economic growth along the
region, they point out.
new 10,900-km Eurasian continental bridge, also called
the new Silk Road, is similar to the 2,100-year-old
old Silk Route and will link China''s ports of Lianyungang
and Rizhao with Amsterdam in Holland and Antwerp in
Yong Hoon, chairman of the Korean KWAAK HwangKyung Group,
said he hoped the road could be extended to his country.
He said Park Geun-hye, one of the candidates for ROK''s
presidential election this year, had promised to build
a train-ferry link to connect ROK with the Chinese ports
of Yantai, Qingdao and Rizhao.
Honda, a professor of economics at the Japan-based Nihon
University, says the huge industrial belt along the
road could extend to Japan and the ROK when it came
Japan and the ROK could then benefit from the economic
integration of Asia and Europe, he added.
however, said the lack of integrated planning and industrial
fragmentation amidst the push for economic globalisation
and the relatively high transportation costs could still
hold up the project.
United Nations Development Programme (UNDP), China''s
ministries of commerce and information, and the Gansu
provincial government sponsored the symposium.
More than 500 delegates from 12 counties and regions
along the new Silk Road attended the conference.