(Article) The Modern Silk Road: China’s Belt and Road Initiative

Envisaged by the Chinese government as an initiative to create a win-win cooperation for all countries involved, the Belt and Road Initiative is unprecedented in its scope, aim and funding. However, the project has also received a score of criticisms.

In the autumn of 2013, China’s President Xi Jinping launched his country’s most ambitious development project termed then as the One Belt, One Road (OBOR) project or presently called as the Belt and Road Initiative (BRI). Unprecedented in its scope, aim and funding, this international project aims to provide the principally involved regions, more specifically Asia, Europe and Africa, enhanced cross-border trade and increased infrastructures through its overland and maritime connections, such as roads, railways, airports, ports and telecommunication networks. It is envisaged by the Chinese government as an impetus for countries to recover from the most recent global financial crisis, and thus to create a win-win cooperation for all stakeholders in terms of common development and prosperity. This initiative takes its roots in the ancient Silk Road, a network of trade routes built during the Han Dynasty of China that linked the said continents between 130 BCE-1453 CE.

The full article can be accessed at https://shabka.org/blog/2018/09/14/the-modern-silk-road-chinas-belt-and-road-initiative/

 

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Published originally on 14 September 2018 at Shabka

Shabka is Austria’s youngest think-and-do tank at the nexus of conflict and peace analysis as well as foreign, development, and security policy. It is set up as a civil society network, and a hub for passionate talents.

Photo by Usukhbayar Gankhuyag from Unsplash

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