6 Oct 2017: In September 2013, Chinese President Xi Jinping introduced the “One Belt One Road” (OBOR) initiative. It is an ambitious program with a heavy emphasis on infrastructure development that will potentially span up to 65 countries in Asia, Africa and Europe. Through this program, China intends to strengthen trading relationships with these countries and boost the country’s global position. The name is derived from a combination of a land-based route titled the Silk Road Economic Belt and a sea-based route, the Maritime Silk Road and is inspired by the ancient caravan routes that once connected imperial China to the world outside. So far, China has invested over $900 billion in a wide variety of projects, ranging from railroads in Africa to ports in South Asia and bridges in Eastern Europe.
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