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The One Belt One Road Initiative

The One Belt One Road Initiative is a historical initiative proposed by Chinese President Xi Jinping in 2013 to connect Asia, Europe and Africa through infrastructure development projects. It has two main components: the Silk Road Economic Belt focuses on land routes, while the 21st Century Maritime Silk Road focuses on sea routes. Over 65 countries participate in OBOR through projects worth $850 billion that aim to promote global economic growth and interdependence among countries. While some view OBOR as a way for China to promote its economy, China sees it as reshaping Asia through cultural and economic cooperation.

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Muhammed Moosa
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146 views2 pages

The One Belt One Road Initiative

The One Belt One Road Initiative is a historical initiative proposed by Chinese President Xi Jinping in 2013 to connect Asia, Europe and Africa through infrastructure development projects. It has two main components: the Silk Road Economic Belt focuses on land routes, while the 21st Century Maritime Silk Road focuses on sea routes. Over 65 countries participate in OBOR through projects worth $850 billion that aim to promote global economic growth and interdependence among countries. While some view OBOR as a way for China to promote its economy, China sees it as reshaping Asia through cultural and economic cooperation.

Uploaded by

Muhammed Moosa
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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The One Belt One Road Initiative:

Introduction:

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 One Road (OBOR) initiative was
proposed by Chinese President Xi Jinping in 2013. It is a historical initiative of China to connect the
people all over the world.

Recently it is known as Belt and Road Initiative. It comprises two major programs:

1. Silk Road Economic Belt

The Silk Road Economic Belt connects three major routes like China to Europe, the Persian Gulf,
the Mediterranean and the Indian Ocean.

The One Belt denotes to the “Silk Road Economic Belt”, a revival of the old land-based Silk Road
which connected China to central Asia, the Middle East and Europe. So, it is also known as
Modern Silk Road

2. 21st Century Maritime Silk Road.,


The 21st Century Maritime Silk Road is based on waterways among member countries of OBOR
initiative. It comprises about 65 countries and 900 projects with an investment volume of 850
billion dollars.
The One Road denotes to the “21st Century Maritime Silk Road” which planned to connect Asia,
Africa, the Middle East and Europe. This is also known as Maritime Silk Road.

The Asian Infrastructure Investment Bank (AIIB) was launched with its startup capital of 100 billion
dollars in the context of OBOR.

The aim of the OBOR is to connect Asia, Europe and Africa through strengthening partnerships among
the countries.

The old Silk Road was initiated by Zhang Qain, a Chinese imperial envoy who was sent by the emperor of
the Han’s Dynasty to gather enemies against the Hun’s, in the second century. Ever since then, the old
Silk Road has been facilitating trade routes between Central Asia and Arabs.

Since silk was one of the top most exports item of china at that time so this route is known as Silk Road.

In 2013, president Xi Jinping declared to establish and revitalize the old Silk Road by establishing a
connection among China, all parts of Asia, Europe and Africa through infrastructure development like
railways and roads,
It is the largest economic platform of the world which will promote global economic growth through
strengthening economic cooperation

OBOR is a mega project which covers two-thirds of the global population and three-fourth of the energy
resources.

Though some researchers thought that OBOR is an initiative to promote their meltdown economy by
creating smooth global markets, it is portrayed to reshape the political and economic order of Asia by
developing a network of cultural, political and trading corporation.

The OBOR already got 65 countries as member under its initiative.

The importance of OBOR initiative cannot be ignored due to its active role on mutual peace and
economic development. It connects Asian countries like Bangladesh, Brunei, Singapore, Sri Lanka,
Cambodia, Myanmar, Maldives, Nepal, India, Sudan and Pakistan through seaports, oil and gas pipelines
and economic corridors. It also finances for free trade economic zones and energy development projects
in its member countries.

The policy makers and scholars of US, Japan and India expressed their security threats in the OBOR
regions due to the growing influence of OBOR initiative of China

Though China considered it as propaganda against OBOR’s peaceful journey, the benefit of the OBOR
will be available for all the people of the world due to its peaceful natures like mutual cooperation,
integration and interdependence. A multi-polar world will be established by proper implementation of
OBOR through trends of harmony and peace.

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