In late 20, chinese premier xi jinping announced a pair of new development and trade initiatives for china and the surrounding region. Chinas one belt, one road initiative parliament of australia. Prospects and challenges on chinas one belt, one road. The opportunities and challenges of one belt, one road. Chinas one belt one road initiative an indian perspective. One belt, one road obor members research service page 5 of 12 that run parallel to or link the belt and the road. The most enthusiastic proponents of this concept have been the chinese, and they have offered the region not one but two silk roads, one on land and one at sea. It is grandiose, potentially involving an area that covers 55 percent of world gnp, 70 percent of global population. On the surface, through the one belt, one road and the brics new development bank, china is promoting a transformative vision of international order based on equality among states, fairness in international institutions and trade and development. Chinas one belt one road policy or the new silk road strategy is the centrepiece of the xi jinping administration. Impact on chinapakistan economic corridor 149 obor among the partner nations.
Chinas belt and road initiative in the global trade. The one belt, one road initiatives potential impact on global research collaboration. The one belt, one road initiatives potential impact on. Economic belt sreb and the 21stcentury maritime silk route msr. Overholt chinas one belt, one road strategy proffers an inspiring vision of common development of up to 60 countries based on infrastructure development and common standards. Regarding one belt, one road, i think in a globalized world, there are many belts and many roads, and no one nation should put itself into a position of dictating one belt, one road. Chinas belt and road initiative bri development strategy aims to build. The belt and road initiative bri, first proposed by president xi jinping of china in 20, is an ambitious effort to improve. Connecting the world with one belt, one road credit suisse. For those who pass it without entering, the city is one thing.
Recently, china has proposed the construction of one belt, one road which aims to collaborate with most asian countries economically. That said, the one belt, one road also goes through disputed territory, and i think that in itself shows the vulnerability of trying to establish that sort. In september and october of 20, chinese president xi jinping unveiled the one belt, one road obor initiative in visits to kazakhstan and indonesia. Beijing is hosting the twoday one belt, one road summit on may 1415, with the heads of 29 states and governments, including russian president vladimir putin, taking part in the event. Protecting your investment on chinas new pancontinental superhighway introduction chinas one belt one road policy represents a renewed and strengthened push to connect chinese investors with investment opportunities along the historical silk road trade route and a new maritime route. The belt and road initiative bri or one belt, one road obor is a project. One belt, one road the internationalization of chinas soes. With indias strategic location in the indian ocean and its burgeoning economy, its. Official pdf, 57 pages world bank documents world bank group. Chinas big bet on soft power council on foreign relations. Implications for the middle east 5 may 2016 president xi jinpings one belt, one road obor vision is, according to chinese media communiques, an attempt to revive the premodern silk route. It seeks to bring together the silk road economic belt and the.
Jan 28, 2016 one belt one road is a chinese initiative to connect more than 60 countries 64 at present with physical, commercial, cultural, and other links one belt the silk road economic belt, a recreation of land based trade routes from china through central asia and on to the middle east and europe. Vontobel belt and road index, advised by ccbiam vontobel derinet. One belt one road obor initiative is a historical initiative which connects the people over the world and facilitates various opportunities for global peace. The one belt and one road initiative is officially approved and will be introduced soon, shanghai securities news reported on tuesday.
It aims to strengthen beijings economic leadership through a. Chni a is leadni g the effort to create the wordl s largest economic platform. The scale and scope of the one belt one road initiative have no. Mar 01, 2016 how do you view nepalchina agreement to promote one belt, one road initiative. Arthur gushchin fudan development instituteakvaplanniva. Since the idea was unveiled in 20, the project has.
If the infrastructure is built under one belt, one road, it will open up more economic opportunities for nepal. Key issue the one belt, one road obor initiative is a chinese economic and strategic agenda by which the two ends of eurasia, as well as africa and oceania, are being more closely tied along two routesone overland and one maritime. Correcting ten great misconceptions in the making of one belt one road source. A critical look at chinas one belt, one road initiative.
Under the definition contained in xi jinpings new security concept stating that development equals. Correcting ten great misconceptions in the making of one. The silk road economic belt and 21st century maritime. Before xi, chinese strategy had been built off of deng xiaopings warning in the early 1990s for chinese leaders to hide our capacities and bide our time.
How nepal can benefit from chinas one belt, one road. The one belt, one road obor project excites economists and analysts interested in fresh prospects for international trade and cooperation. Understanding chinas belt and road initiative 1 executive summary chinas belt and road initiative also known as one belt, one road obor is one of president xis most ambitious foreign and economic policies. The eu, the eurasian economic union and one belt, one road. Chinas great leap outward china analysis introduction by francois godement china has created an action plan for its silk road concept in the form of the one belt, one road obor initiative. For this reason, even though one belt one road initiatives possible effects on world politics and international political economy are also elaborated on, main focus. It is revival of the old silk road connecting china through central asia to the middle east and europe. Comparison of estimates of global infrastructure investment needs. May 15, 2017 the grandiose belt and road foruma symbol of chinas foreign policy steppingout as a global connectivity visionarykicked off on may 14 with a notable absentee. Chinas one belt one road initiative an indian perspective by dipankar banerjee executive summary chinas one belt one road obor initiative can significantly impact asia and parts of europe, economically and strategically. One belt one road initiative and the nsr nordic centre. The silk road economic belt was first laid out first in president jinpings speech in september 20 in kazakhstan.
The historical roots of the initiative, of course, are in the silk road, which wound from the ancient chinese capital of xian through central asia, the middle east and mediterranean europe, as. Chinas one belt and one road obor initiatives is a rather ambitious one. The belt and road initiative, or bri, described by leaders as a vehicle for soft power, calls for spurring regional connectivity. Projects are collected from publicly available sources with a focus on projects contracted after the announcement of one belt one road strategy. View one belt, one road research papers on academia. Russian power was much diminished, at least as long as yeltsin was president. At the heart of one belt, one road lies the creation of an economic land belt that includes countries on the original silk road through central asia, west asia, the middle east and europe, as well as a maritime road that links chinas port facilities with the african coast, pushing up through the suez canal into the mediterranean. One belt one road obor initiative of china involves infrastructural development and investments in many countries across continents of asia, europe, africa and america. Mar 22, 2017 chinas belt and road initiative also known as one belt, one road obor is one of president xis most ambitious foreign and economic policies. This strategic vision of a new silk road is now more often referred to as the one belt, one road obor initiative. The one belt one road obor initiative is implemented to improve the linkage between china and its neighboring countries in terms of economic ties, connectivity, partnership, and security. Wellknown for their practical thinking and approaches, chinese planners took the most simple and. One belt one road project obor one belt, one road obor initiative, is the name of a plan to revive and better the spirit of the old silk road and a step towards realising the prophecy of the asian century.
These economic corridors differ largely in size and are at various stages of planning and implementation, with some relying on existing infrastructure or projects integrated into the obor initiative. Jan 26, 2016 the rise of china, one of the biggest economies in the world, is not negligible. The slowest gdp growth in 24 years last year, demonstrates that china faces a new. It aims to strengthen beijings economic leadership through a vast program of infrastructure building throughout chinas neighbouring regions. Chinas new global strategy, journal of contemporary east asia studies, 3282017, retrieved 3312019. One belt, one road the internationalization of chinas soes one belt, one road the internationalization of chinas soes the national policyone belt one roadhas created a conducive environment to make stateowned enterprises soes more global.
In late march 2017, new zealand became the first western developed country to sign a bilateral cooperation agreement with china on the belt and road initiative. One belt, one road serves a variety of purposes for china, including encouraging economic development in the west of the country and linking china to europe. What is the one belt one road obor the belt or silk road economic belt, and the road or maritime silk road are designed to be complementary, aiming for better infrastructure and connectivity to boost the growth of the countries along the belt and the road which obor covering about 65% of the worlds population, about onethird of. If the connectivity is maintained with asia and europe as per the vision of this new silk road, it will open up more doors for. The old saying, when the dragon sneezes, the world catches cold has acquired a completely new meaning after the lowkey announcement of the one belt, one road obor initiative by chinas president xi jinping in 20. Professor zhao lei professor at the international institute for strategic studies. The event is linked to beijings most ambitious foreign policy initiative aimed at building an economic silk road linking asia and europe. The one belt, one road obor initiative creates significant opportunities for organisations to participate in a range of projects, especially those involved in the infrastructure, construction, heavy equipment, energy, water and related industries. Obor is an extensive infrastructure project modernizing. Read how obor affects indias foreign policy like the blue dot network initiative. Forging a new vision for shared economic growth executive summary hinas growth model based on its role as the worlds manufacturing powerhouse is now considerably more challenging. A look into the complexities of the one belt, one road strategy. These two major initiatives were initially packaged and labelled under the overarching term one belt, one road.
One belt, one road an opportunity for the eus security strategy december 2015 chinas initiative for a modernday silk road, known as one belt, one road obor, aims to connect asia, africa, europe and their near seas. One belt one road initiative is seen as an initiative that looks out for the chinas internal problems, rather than the matters regarding foreign policy. The one belt, one road initiative kickstarted by china focuses on improving the connectivity and cooperation of the countries involved. Information and communication technology ict is crucial to the development of both developed and developing economies.