The one belt, one road obor initiative has been a topic of hot debate among sinologists and pundits in recent years. This paper discusses the vision, scope and the goals of the one belt one road strategy in china and the. Map of the transportation links along the belt and road initiative merics in september 2015, the government issued guidelines for official translation of. It aims to strengthen beijings economic leadership through a. Pdf on jan 1, 2016, xiaoyu pu and others published one belt, one road. Inserting africa into chinas one belt, one road strategy. It is often communicated as a national vision and foreign strategy, sometimes resembling conceptual propaganda, but it is also. Understanding the chinese one belt one road 4 of 28. Chinas maritime silk road proposals are not as peaceful as they seem, indian. Chinas belt and road initiative in the global trade.
Tajikistan, central asia and one belt one road strategy thomas chan, china business centre, the hong kong polytechnic university, october 2015. It is a historical initiative of china to connect the people all over the world. But more interestingly, the document specifically forbid to translate the phrase changyi as strategy, program. Cheng, 2016 posed three majors questions to explain the content of one belt one road initiative. February 2018 grzegorz stec1 euasia at a glance is a publication series about the current state of affairs in asia and euasia relations. This article aims to provide a conceptual and theoretical framework to analyze motivations, dilemmas, and challenges of chinas obor strategy. Chinese government strategies towards both the brics and even more so towards. A simple guide to understanding chinas one belt, one.
Under the definition contained in xi jinpings new security concept stating that development equals. The current situation and countermeasures of international. It then examines both the military and economic means by which this power is sought to be preserved. Pdf implications of one belt, one road strategy for china and. American perspectives on the belt and road initiative. Obor comprises a landbased silk road economic beltlargely analogous to the historical silk roadand an oceangoing maritime silk road linking southeast asia, oceania, and north africa. While there is little to suggest that china aims and is able to perform as an ideological countermodel and an agendasetting actor. Chinas belt and road initiative bri development strategy aims to build. Officially announced by xi jinping in 20, the belt and road initiative bri from the chinese yi dai yi lu, literally one belt one road is a commitment to easing bottlenecks to eurasian trade by improving and building networks of connectivity across central, western and southern asia, but also reaching out to the middle east.
Pdf the one belt one road obor initiative is a historical landmark which intends to connect more. It is argued that the implications need to be considered within the framework of the future development of the china. Nearly 70 countries and international organizations have signed. 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. Based on the numbers, it can be seen that china is currently in a transitional period from doubledigit growth rates to stable growth. Understanding chinas belt and road initiative lowy institute. Hong kongs role in one belt, one road is a matter of debate. The main purpose of this study is to explore implication of one belt one road initiative for global future development. Launched in 20, chinas belt and road initiative bri, also known as one belt, one road obor, has been regarded by many china observers as chinas new geopolitical strategy aimed at extending its sphere of influence, fostering new norms of international. The problem with chinas one belt, one road strategy. 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. Has chinas one belt, one road strategy triggered anxiety among other countries or is it the way forward to ensure enhanced connectivity and growth in asia. Chinas massive belt and road initiative council on foreign.
Abstractdoes the one belt, one road obor initiative represent a mere nostalgic rhetoric, summing up a wider range of policy initiatives, based on two different regional levels, or is it a bold statement of chinas new geopolitical grand strategy. One of the biggest stories in asian business is chinas one belt, one road initiative, an economic and diplomatic program that could transform trade. It is argued that the implications need to be considered within the framework of the future development of the chinaindia relationship. Chinas one belt, one road initiative obor or silk road. The strategic underpinnings of the one belt, and one road initiative originated in 2004 with chinese president hu jintao issued guidance to the pla. Pdf one belt one road initiative of china implication sume. Mar 15, 2018 visualizing chinas most ambitious megaproject.
In 2015, the formal implementation of one belt and one road strategy. One belt one road strategy president xi jinping unveiled his vision of the silk road economic belt at nazarbayev university on september 7, 20 as part of his state visit to kazakhstan. Does one belt one road strategy promote chinese overseas. May 15, 2017 world leaders gathered in beijing over the past two days to hear chinas plan for global trade. February 2018 grzegorz stec1 euasia at a glance is a publication series about the current state of affairs in.
Tajikistan, central asia and one belt one road strategy. 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. Chinas belt and road initiative is neither a strategy, nor a vision. One belt, one road obor members research service page 5 of 12 that run parallel to or link the belt and the road. Pdf the one belt, one road obor initiative was proposed by chinese president xi jinping during his visits to kazakhstan and. This article examines one belt one road obor strategic implications for india. The role of hong kong in the dispute of resolutions of one belt one road king fung tsang. A new paradigm in global investing an overview of the kraneshares msci one belt one road etf ticker. Above two ideas putting together forms the strategy of one belt and one road.
Chu yin, realisation of one belt, one road strategy requires more careful consideration, aisixiang, 1 january 2015. Xis vision is an ambitious program of infrastructure building to. World leaders gathered in beijing over the past two days to hear chinas plan for global trade. Under the background of economic globalization, international trade and capital flow are more frequent. Visions and challenges of chinas geoeconomic strategy find, read and cite all the research you need on researchgate. These questions lead the researcher team to explore implication of one belt one road initiative for global future development. It comprises two major programs entitled to silk road economic belt and 21st century maritime silk road. The paper is an analysis of chinas new silk road one belt, one road cooperation strategy and its implications for the global world order.
One belt, one road the internationalization of chinas soes. One belt, one road strategy to secure political and security cooperation of its neighbouring countries, esp. It also analyzes the reasons of origin, strategy, opportunities and challenges of obor initiatives on the basis of. Julan du and yifei zhang chinese university of hong kong abstract in response to the one belt one road obor initiative, chinas overseas direct investment odi, especially mergers and acquisitions, rose significantly in th e beltroad countries. The one belt one road obor initiative, established by president xi jinping of china, is an extensive longterm infrastructure initiative modernizing the original silk road trading routes. The impact of chinas one belt one road initiative in africa.
China encircles the world with one belt, one road strategy. One belt and one road strategy undoubtedly conforms to the trend of economic globalization, but also for the contemporary china planning future strategic planning. Chinas massive belt and road initiative council on. China is dramatically changing the strategic environment in eurasia. These economic corridors differ largely in size and are at various stages of planning and implementation, with some relying on existing infrastructure or. Mar 31, 2015 has chinas one belt, one road strategy triggered anxiety among other countries or is it the way forward to ensure enhanced connectivity and growth in asia. Jan 28, 2020 one belt one road obor is a chinese project aimed at building trade routes with strategic control between china and the countries in asia, africa, and europe. Chinas belt and road initiative is neither a strategy, nor a. One belt one road is big initiative that is proposed by president xi jingping in 20 to boost the global economy. The concept of new maritime silk road was announced by president xi before the. One belt one road strategy in china and economic development in the concerning countries. They also gave the purpose of one belt one road which is to promote chinas integration into a more global economy.
Chinas one belt one road policy or the new silk road strategy is the centrepiece of the xi jinping administration. Prc one belt, one road obor development strategy and economic framework across the eurasia. Kanenga haggai school of economics and management, southeast university, nanjing, china corresponding author. The two were collectively referred to first as the one belt, one road initiative but eventually became the belt and road initiative. The initiatives are elements of a regional economic strategy that also includes the planned chinapakistan and bangladeshchinaindiamyanmar economic corridors. Chinas new global strategy 5 of pursuing a high rate of growth. In late 20, chinese premier xi jinping announced a pair of new development and trade initiatives for china and the surrounding region. Next, it looks at the chinese response, and tries to detail the one belt one road plan. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. The silk road economic belt was first laid out first in president jinpings speech in september 20 in kazakhstan. One belt, one road the internationalization of chinas soes one belt, one road the internationalization of chinas soes the national policy one belt one road has created a conducive environment to make stateowned enterprises soes more global. Jan 28, 2020 the two were collectively referred to first as the one belt, one road initiative but eventually became the belt and road initiative. Backgrounds american resetting the alance hinas economic new normal hinas new economic diplomacy other silk road strategy.
May 03, 2017 china encircles the world with one belt, one road strategy. Chinese strategy of one belt one road gives effect to, and will thus be a test for mackinder. It then looks at the us strategies aimed at preserving the dominance of the maritime strategy, of which it is the guarantor. The mark of a global superpower is the ability to shape geopolitics through longterm strategies lasting decades. The one belt one road obor initiative is a historical landmark which intends to connect more than twothirds of the world population and opening up the windows for reviving global business. Research on strategies of international trade under the. The one belt one road obor initiative was proposed by chinese president xi jinping in 20. Chinas strategy for a new global financial order in late 20, chinese premier xi jinping announced a pair of new development and trade initiatives for china. Chinas belt and road initiative is neither a strategy. Jan, 2016 what is the one belt, one road strategy all about. What is the nature of this foreign policy and how is it implemented under th. Chinas overseas expansion, an introduction to its one belt. Obor directly supports many elements of chinas national security strategy.
Mar 22, 2019 for this reason, chinese leaders describe one belt one road as a national strategy zhanlue, with economic, political, diplomatic, and military elements. It is revival of the old silk road connecting china through central asia to the middle east and europe. Does one belt one road strategy promote chinese overseas direct investment. Pdf chinas belt and road strategy in eurasia and euro. May 25, 2017 the mark of a global superpower is the ability to shape geopolitics through longterm strategies lasting decades. Opportunities and current situation of international trade under the background of the belt and road initiative 2. What might one belt, one road mean for people in china. Chinas belt and road initiative also known as one belt, one road. Zhexin zhang introduction launched in 20, chinas belt and road initiative bri, also known as one belt, one road obor, has been regarded by many china observers as chinas new geopolitical strategy aimed at extending its sphere of influence, fostering new norms of international. Implications for africa from chinas one belt one road strategy.
Introduction the one belt one road obor initiative was proposed by chinese. One belt one road obor initiative is a historical initiative which connects the people over the world and facilitates various opportunities for global peace. In its geographic focus the obor initiative comprises locations which are already within the chinese governments focus of interest. If it is sustained, the one belt, one road strategy shows that china is moving from being a power reacting to events, to one that is trying to shape the global system. From reform and opening up to going out to the belt and road initiative despite the rapid growth in foreign trade throughout the 1960s and 1970s, it.
Article pdf 62kb the future of trade in asia could depend heavily on what becomes of chinas expansive one belt, one road initiative, which. The impact of chinas one belt one road initiative in. Pdf china, the eu and one belt, one road strategy dragan. The paper discusses whether the obor project may be a winwin concept in the economic aspect for all engaged.
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