One Belt, One Road (OBOR) to gird the world
July 7, 2017 3:52 AM Subscribe
China’s Belt and Road Initiative (also known variously as The New Silk Road, OBOR, and One Belt, One Road) is a multi-faceted strategy aimed at boosting the flow of trade, capital and services between China and the rest of the world, involving over 65 countries which together account for 29% of global GDP and 63% of the world's population. OBOR is an ambitious plan to build and upgrade highways, railways, ports, and other infrastructure throughout Asia, Africa, and Europe designed to enrich the economies of China and its trading partners. Since 2014, the initiative has generated enthusiasm and high hopes but also skepticism and wariness.
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