27 Nov '17, 8am

5 things to know about China’s One Belt One Road Initiative https://t.co/Ezu3xxD5dB

One Belt and One Road Initiative (OBOR) is a development strategy proposed by China’s paramount leader Xi Jinping that focuses on connectivity and cooperation between Eurasian countries. (Photo: BDO Singapore) What is it? Announced in 2013 by President Xi Jinping, the “One Belt One Road” (OBOR) initiative is a vital foreign policy of China that is based on two main components – the land-based Silk Road Economic Belt and the 21st Century Maritime Silk Road. BDO Singapore described the initiative as an attempt to enhance political and trade relations amongst China, Asia and Europe, while allowing China to boost its growth by exporting its technology, capital and capacity globally. Under the OBOR implementing guideline released by China’s National Development and Reform Commission (NDRC), development plans along the trade route aim to improve connectivity in five areas – peop...

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