Leading the belt and road initiative china is the architect and a key driving force behind the belt and road initiative, an economic and strategic masterplan that spans 65 per cent of the worlds population and more than one third of global gdp. Securing the belt and road initiative springerlink. Xis vision is an ambitious program of infrastructure building to. The risks of one belt, one road for chinas neighbors. Chinas one belt, one road obor policy is aimed at investing large sums of money in infrastructure development in the area between the two silk roads, in an effort to join them together and create one ordered area. China one belt one road whats in it for latin america. Signed by african leaders in 2018, the current chinaafrica action plan, states that the security of. The peoples republic of china prc wants to extend its one belt, one road initiative to the korean peninsula. Lan shen, chinas one belt, one road gains traction, beyond borders, 12022016 nov15. China wants to extend one belt, one road initiative to. Obor, as it became known, was hailed as a transformative effort to deploy chinas economic might in service of its strategic goals. 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 belt and road initiative is a solution to future epidemics as it boosts cooperation between china and partners in the health sector.
The one belt one road obor initiative is a historical landmark which intends to connect more than twothirds of the world population and opening. By june 2018, trade between china and the countries along the bri road surpassed usd 5 trillion. In particular, road transport and energy supply infrastructure are expected to comprise around 60% of global investment needs gi hub, 2017. It has since been rebranded as the belt and road initiative which rolls off the tongue more easily but is no less opaque. Giunipero, milano, guerini e associati, 2018 bookcity 2018 17 novembre 2018 ore 16. Considering security implications and euchina cooperation prospects. One belt one road obor has been written into the state and ruling party constitutions as. Obor one belt, one road, one bank standard chartered. It then extends to south asia and southeast asia, which. The project is just one part of chinas visionary belt and road initiative bri, a multibillion dollar madeinbeijing investment programme designed to bring muchneeded infrastructure to half the planet. One belt, one road, many impacts global finance magazine. The economic growth and development effects of chinas one. One belt, one road, one big mistake chinas signature foreignpolicy project is a failure that the u. Outlook of belt and road international power cooperation.
It includes the maritime silk road as well as the land route with rail and pipeline infrastructure projects. Beijings plan comes after the historic summit between south korean president moon jaein and north korean leader kim jongun, which took place from september 18 to september 20 in pyongyang during the meeting the two sides agreed to. Chinas one belt, one road obor policy is aimed at investing large sums of money in infrastructure development in the area between the two silk roads, in an effort to join them together. Navigating through the winding one belt one road hogan lovells.
The obor comprises the silk road economic belt and the 21st century maritime silk road, encompassing over 60 countries from asia to europe via southeast asia, south asia, central asia, west asia, and the middle east. The commission asked me to focus on the bris economic. It comprises two major programs entitled to silk road economic belt and 21st century maritime silk road. Chinas one belt, one road obor initiative has caused great media attention and heated. President xis belt and road initiative bri, aimed to promote economic development and exchanges with china for over 60 countries, necessitates a wide range of security procedures. Changing the rules of globalization, zhang, et al, eds. Under one belt one road initiative, china has introduced a new model of economic development of cross. The belt and road initiative will affect 60 percent of the worlds population. One belt, one road, one big mistake foreign policy. One belt, one road initiative and its geostrategic. Pdf eurasian rail freight in the one belt one road era. The belt and road construction leadership group chinese.
In 2003, the whitepaper on chinas policy on mineral resources, outlined chinas going out policy in minerals, and was accompanied by an increased presence and equity share in foreign mineral assets. Outlook of belt and road international power cooperation in 2018. One belt, one road refers to the combination of the silk road economic belt six major land corridors across the eurasian continent and the 21. Presentazione del volume uomini e religioni sulla via della seta, a cura di e. Belt, one road era and further evaluates its service quality in terms of transit times and transport costs compared to other transport modes in containerised supply chains between eu. January 2018 january 2018 2 3 overview obor locations aligned with cunningham lindsey chinas 21st century economic plan for global trade is essentially a mega infrastructure project with a focus on transportation and energy. One belt one road obor initiative is a historical initiative which connects the. Pdf one belt one road obor initiative is a historical initiative which. While the threats to chinese enterprises and chinese workers based on foreign soil are poised to increase, there is an urgent need to develop new guidelines for. Obor is arguably one of the largest development plans in modern. Huwen administration 20022012 xili administration 20122017.
Chinas attention to the developing world has culminated in numerous institutions and in the new belt and road initiative. Honeywell, other us companies look to benefit from chinas. One belt one road obor initiativehas quickly become. Data from national bureau of statistics as of 1231 2018. Chinas belt and road initiative and emerging eurasian relations, ed. Onebeltoneroad policy implication on logistics route competition. This accelerated in the 2000s and especially after the 2008 financial crisis, when there were worldwide doubts about the developedworld, and especially the u. Chinas belt and road initiative also known as one belt, one road. Deloitte refers to one or more of deloitte touche tohmatsu limited, a uk private company limited by. The main purpose of this study is to explore implication of one belt one road initiative for global future development. 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. The concept of the one belt one road initiative obor was raised by the president of the peoples republic of china in october 20. Xis vision is an ambitious program of infrastructure building to connect hinas lessdeveloped border regions with neighbouring countries. Apparently, there will be a second belt, as a deeper look into an article published by xinhua news agency on march 26th 2017 suggests.
One belt, one road was the original name given to the scheme to build a vast new network of trade routes from east to west. For phnom penh, the belt and road initiative means better. The bri is geared towards encouraging greater connectivity, economic flow, the growth of job opportunities, investment, consumption, cultural exchange and the spirit of regional cooperation between asia, europe and africa by creating jointly. Overview of the one belt one road initiative figure i18 provides an overview of the different projects planned under the one belt one road initiative. The prospects and perils of building chinas new silk road. Understanding chinas belt and road initiative lowy institute. Chinas belt and road initiative bri development strategy aims to build. Chinese planners believe significant demand will come from. The article evaluates the likely economic impact on trade and growth of chinas obor initiative. Oil, gas and energy business under one belt one road. They are followed by rail transport, telecommunications and water infrastructure. With all its promising prospects, the initiative raises a question how such grand designs are going to impact the institutions of countries susceptible to potentially adverse impacts of chinese investments.
Belt and road construction leadership group wikipedia. The silk road economic belt the economic belt essentially includes countries situated closely on the historical silk road through central asia, west asia, middle east and europe. One belt, one road infrastructure projects, planned and completed source. Cambodia plans to build new airports, to support tourism development. The two were collectively referred to first as the one belt, one road initiative but eventually became the belt and road initiative. Central asia, to reconstitute one that existed 2,000 years ago. The most wellknown among chinas projects is the belt and road initiative bri, one. The one road one belt orob initiative for connectivity, with clear strategic advantages for china, contrasts sharply with existing treatybased integration concepts where the geographical scope, partner countries, strategy, principles and rules are clearly. Onebeltoneroad policy implication on logistics route. The highest rates of underinvestment are expected in the road and energy. The one belt one road oborinitiative which started in the year 20 is made up of the silk road economic belt sreb and the new maritime silk road nmsr.
A new paradigm in global investing an overview of the kraneshares msci one belt one road etf ticker. The belt and road initiative, once called one belt, one road, was proposed by chinese president xi jinping in 20 to promote investment connecting asia, africa and europe. Chinese foreign policy under xi jinping, international affairs, 92 4, pp. Chinas belt and road initiative opens up unprecedented. Chinas one belt one road obor initiative should increase the efficiency of resource movements and trade, integrate previously marginalized regions and economies, and strengthen chinas economic and strategic position. Data from the national bureau of statistics as of 1231 2018, retrieved 3312019 2. Watch the live testimony introduction thank you for the opportunity to testify on chinas belt and road initiative bri, and its implications for u. It also explores the risk associated with oil, gas and energy business under obor initiative of china. Chinas belt and road initiative in the global trade. The one belt one road obor initiative was proposed by chinese president xi jinping in 20. Chinas massive belt and road initiative council on. Maritime silk road, collectively referred to as one belt, one road obor but which has also come to be known as the elt and road initiative.
It also analyzes the reasons of origin, strategy, opportunities and challenges of obor initiatives on the basis of. With its one belt one road initiative, china is now seeking to establish its identity as a world class power. Implications for africa from chinas one belt one road strategy. Read download chinas one belt one road initiative pdf. Polish journal of political science volume 4 issue 2 2018 polish journal of. One belt one road obor initiative of china is a mega and historical project which facilitates international oil, gas and energy trade and connects people over the world. One beltone road may be iran, china gateway to becoming. State council leader han zheng is the core and the china national. Own illustration based on merics, 2018 and hktdc, 2018.