New Silk Road. Belt and Road
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Belt and Road Initiative
The Belt and Road Initiative (BRI) also known as the One Belt One Road (OBOR) (Chinese: 一带一路) or the Silk Road Economic Belt and the 21st-century Maritime Silk Road (Chinese: 丝绸之路经济带和21世纪海上丝绸之路), is a development strategy adopted by the Chinese government involving infrastructure development and investments in countries in Europe, Asia and Africa. "Belt" refers to the overland routes for road and rail transportation, called "the Silk Road Economic Belt"; whereas "road" refers to the sea routes, or the 21st Century Maritime Silk Road. Until 2016, the initiative was officially known in English as the One Belt and One Road initiative but the official name was changed as the Chinese government considered the emphasis on the word "one" prone to misinterpretation. The Chinese government calls the initiative "a bid to enhance regional connectivity and embrace a brighter future". Observers, however, see it as a push for Chinese dominance in global affairs with a China-centered trading network. More: Wikipedia |
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