Silk Road, the international highway of trade and transportation that connects Asia and Europe, is now the focus of a $2.8 billion international study, which will identify the top ten cities for the world’s largest and most productive Silk Road economy, and examine the factors that contribute to their growth.
The research was led by the Carnegie Mellon University in Pittsburgh and the European Commission, and will focus on the economic, social, and cultural aspects of the Silk Road.
It is part of a global study called the Silk Roads in Action, which aims to highlight the economic and social dimensions of the economic hub and its Silk Road hubs across the world.
“Silk Road hubs are key to the economic expansion of the entire region, as they enable economies to become more efficient and globally competitive,” said Philip J. Hirsch, who heads the Carnegie Center for Global Development’s Global Economic Policy Program and is a co-author of the report.
“They also help to create new economic opportunities in emerging economies and beyond, such as in Africa and Latin America.”
The study will look at five key aspects of Silk Road economics, including trade, finance, culture, tourism, and the transportation sector.
The five areas of focus include: Trade: Trade in goods and services across Silk Road economies has increased significantly over the past five years, reaching $3.6 trillion in 2015.
The value of the global trade sector is projected to reach $8 trillion by 2025.
The Silk Road trade in goods accounts for $4 trillion of global trade, and about 20 percent of global gross domestic product (GDP).
China is the second-largest importer of goods from the Silk Route.
It accounts for 40 percent of the world market, and its exports to the Silk Area amount to more than half of total global trade.
It exports about half of the value of its goods and products to the European Union (EU), the European Central Bank (ECB), and the United States.
In 2015, China accounted for nearly half of EU exports to China.
It accounted for roughly half of European imports from China.
In addition, European and Asian goods accounted for about half the value in 2015 from the EU.
In the past year, the European market has grown substantially due to China’s economic growth and its entry into the EU market.
In particular, the EU has become more dependent on China for imports, as its demand for raw materials is growing, and as Chinese consumers are looking for higher-quality products from EU countries.
Finance: The Silk Route is the backbone of global financial transactions, accounting for a significant portion of the overall global trade volume.
In 2016, China’s financial market made up almost a third of global foreign exchange trading volume.
China’s global financial market accounted for around two-thirds of total international trade in 2016.
China accounted to about two-fifths of total trade in the EU in 2016, up from about one-third in 2015, and almost all of that value is in the form of Chinese currency.
In terms of trade volumes, the Silk Path has grown to become the largest market in the world for all financial products except crude oil.
This market grew at an average annual rate of 8.3 percent in 2016 (from $4.3 trillion in 2013 to $5.9 trillion in 2020), compared with an average rate of 3.7 percent in the entire world economy, according to a report by the World Bank.
This rapid growth is due to the fact that the Silk Way has become the dominant route for the transfer of money across the Eurasian continent.
“The Silk Road is the largest financial transaction market on Earth,” said Mark Williams, director of the World Trade Center Center Center for Financial Stability at the Carnegie Institution for Science in Washington, DC.
“Its value to global economies and financial markets has grown in tandem with the growth in China’s economy.
The Chinese economy is growing faster than most developed economies.
China is rapidly becoming the world leader in the use of financial technology to transform financial flows.
The emergence of the Chinese financial sector has given the Silk Corridor a significant boost in global financial integration.”
The World Bank expects the Chinese market to continue to expand in the coming years.
“China’s financial sector is already growing rapidly, and China is also the world largest exporter of commodities,” Williams said.
“There is no question that the rise of the China financial sector and its integration into the world economy will continue to drive the global economy.
China will become the most important player in financial markets in the next decade.”
Cultural Tourism: Tourism has become a major component of the economies of Silk Path countries, as it provides the livelihoods of millions of people and offers them access to new cultures and cultures of other regions.
The number of cultural tourism trips in the Silk and European economies has been rising steadily over the last few years, and in 2015 China accounted at around 30 percent of all international cultural tourism.
China now accounts for nearly 20 percent.