China intends to build massive amounts of infrastructure connecting it to countries around the globe. There are plans for pipelines and a port in Pakistan, bridges in Bangladesh and railways to Russia - all with the aim of creating what China calls a “modern Silk Road” trading route that may kick start a new era of globalisation.
China's new silk road, also referred to as "one belt, one road", has implications for the expansion and internationalization of the renminbi (RMB), both in the real economies of Belt and Road host countries and in the London offshore financial market.
