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What Is One Belt And One Road Policy?

Kunshan Wondertek Technology Co.,Ltd | Updated: Feb 02, 2018

The Silk Road Economic Belt and the 21st-century Maritime Silk Road, also known as the One Belt and One Road Initiative, (OBOR), The Belt and Road, (B&R) and The Belt and Road Initiative, (BRI) is a development strategy proposed by Chinese Government that focuses on connectivity and cooperation between Eurasian countries, primarily the People's Republic of China (PRC), the land-based Silk Road Economic Belt (SREB) and the ocean-going Maritime Silk Road (MSR). 


The strategy underlines China's push to take a larger role in global affairs with a China-centered trading network. It was unveiled by Xi Jinping in September and October 2013 for SREB and MSR respectively. It was also promoted by Premier Li Keqiang during the state visit to Asia and Europe and the most frequently mentioned concept in the People's Daily in 2016. It was initially called One Belt and One Road, but in mid-2016 the official English name was changed to the Belt and Road Initiative. 


In the past three years, the focuses were mainly on infrastructure investment, construction materials, railway and highway, automobile, real estate, power grid, and iron and steel. By various estimates, the BRI is one of the largest infrastructure and investment mega-project in history, covering more than 68 countries, equivalent to 65% of the world's population and 40% of the global GDP as of 2017.


                                                 -Adapted from Wikipedia


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