China’s world-reshaping One Belt, One Road (OBOR)
The year 2015 is witnessing plans being put in place under Chinese President Xi Jinping’s 2013 vision for a ‘Silk Road Economic Belt’.
A world-reshaping ‘One Belt, One Road’ (OBOR) has arrived.
Under OBOR, a ‘Silk Road Economic Belt’ through Central Asia, and a ’21st Century Maritime Silk Road’ through Southeast and South Asia are being planned.
See OBOR in: Back to the future: Pakistan in 2050
Leveraging social media for CPEC & OBOR: A keynote by Wali at a CPEC seminar
There are at least 116 projects being presented under OBOR (list below).
Total starting worth of these projects is: $225 billion. Could easily reach $1 trillion by early 2017.
According to Center for American Progress blog, OBOR projects must meet three criteria. That the projects:
- were publicly proposed by China
- were accepted by the host country as part of the Belt and Road initiative
- had designated funding from a Chinese company or the Chinese government
VIDEO: How One Belt One Road (OBOR) works. Source: CCTV
Four major takeaways about these projects:
- They create alternative trade routes for China to diversify and insulate its economic access.
- They promote the domestic economic viability of Chinese trade partners, such as Pakistan and Indonesia.
- They are clustered geographically in countries that already have active bilateral relationships with China and have a clear articulation of their infrastructure needs.
- They are supported by both Chinese companies and the Chinese government, which work in tandem to achieve the overall goals of the Belt and Road initiative.
With $46 billion China investment for CPEC (China-Pakistan Economic Corridor), Pakistan is one big beneficiary of OBOR.
Under OBOR, six economic corridors over 65 countries are being planned:
- Investments in energy, transportation, communication and industrial projects across Asia, the Middle East and Europe
- According to President Xi, within a decade, China’s annual trade with countries involved in OBOR will exceed $2.5 trillion
Have you seen CPEC & OBOR stories on this blog?
Above: One Belt One Road (OBOR) list of 65 countries.
More on China’s economic & military rise & Xi Jinping:
25 August 2016: Chinese-built Tajikistan Railway, the first railway project in One Road One Belt (OBOR) initiative, started operation on Wednesday, People’s Daily, China, said.
More on China’s internal cleaning:
OBOR Map courtesy: The Wall Street Journal
Do not miss our Understanding Pakistan Series
8 September 2016: First cargo train from China arrives in Afghanistan’s Hairatan port in northern Balkh province. – Xinhua
Also: When Chinese Leadership style meets Pakistani: Wali’s Talk PPt for China Mobile/Zong strategy team
5 October: Chinese-built Ethiopia-Djibouti Railway is launched today.
14 October: After $46B CPEC, China heads to Bangladesh with $40B in investments.
6 November: First Silk Road trans-Eurasia cargo train from China arrives in Riga, Latvia.
"Silk Road" train arrives in Riga! Latvia greets first trans-Eurasia cargo train from China pic.twitter.com/EQtEA3qpr4
— China Xinhua News (@XHNews) November 6, 2016
18 Jan 2017: First freight train from China to UK arrives in London
East Wind locomotive, a 34-carriage Chinese freight train, arrives at Barking rail freight terminal in east London.
It is a first train to make the 18-day, 9-country, 12,000km journey from Yiwu in west China to Britain, reviving the ancient trading Silk Road route and shunting in a new era of UK-China relations.
The train left Yiwu on 2 Jan and passed through China, Kazakhstan, Russia, Belarus, Poland, Germany, Belgium and France before crossing under the Channel and arriving in the east end of London at Barking.
The new train, which starts to run weekly while demand is tested, is part of China’s One Belt, One Road (OBOR) initiative, designed to open up the old Silk Road routes and bring new trade opportunities.
China Railway has already begun rail services to 14 European cities including Madrid and Hamburg.
Today Yiwu’s streets are among the most cosmopolitan in the world, full of traders from Colombia, Afghanistan, Kurdistan, Pakistan, India, Syria, Angola and Ukraine, and could now be attracting a few from the UK as well.
In Barking there was great excitement over the arrival of the East Wind, the name of which references the Chinese communist leader Mao Zedong, who famously said: “The east wind will prevail over the west wind.”
In the 21st century, China has become the world’s biggest exporter, with the export of goods totalling $2.28 trillion in 2015. -News reports