Industry News
What the Belt and Road initiative means for the world
2018-12-12 14:52:27

What Belt and Road means for the world The impact of Belt and Road will be felt around the world and could boost global trade by up to 12%.

The Belt and Road (B&R) initiative, conceptualised as the Silk Road for the modern age, seeks to revive trade along two ancient land and sea routes as a model of inclusive development.

Variously called the project of the century and a road map for the future, the land route will connect China with Europe via Central Asia and Russia with new roads, rail links, pipelines and other infrastructure. The sea route will join Chinese coastal cities with European ones via new and upgraded ports across South Asia, Africa and the Middle East.

The initiative aims to stitch together a part of the world that accounts for more than 30 per cent of global GDP. Often compared to the Marshall Plan, which helped rebuild Europe after World War II, B&R’s potential size and scope -- with related investments totaling as much as USD8 trillion by 2020, by some estimates -- is unmatched. The initiative is also projected to boost global trade by 12 per cent, impacting more than 65 countries and nearly two-thirds of the world’s population.

Personal Protective Equipment Market to Hit $70 Bn by 2024: Global Market Insights, Inc.


 Sep. 4, 2018, 06:00 AM

SELBYVILLE, Delaware, September 4, 2018 /PRNewswire/ --

Personal Protective Equipment (PPE) Market is forecast to cross USD 70 billion by 2024; according to a new research report by Global Market Insights, Inc. Personal protective equipment is used to protect body from infection, injury, and accidental hazards along with workplace safety to the employees. It includes protective helmets, clothing, goggles, gloves, respiratory protection, and footwear. The equipment protects wearer from electrical, physical, biohazards, chemical, heat and airborne particulate matter. Growing investments in PPE equipment in maintaining industrial and worker's safety along with availability of diverse product range is likely to favor PPE industry growth.

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