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Thursday, 5 August 2021

Belt and Road Initiative

Chinese-funded global development strategy and framework

Belt and Road Initiative
Belt and Road Initiative

The Belt and Road Initiative, known in Chinese and formerly in English as One Belt One Road or OBOR for short, is a global infrastructure development strategy adopted by the Chinese government in 2013 to invest in nearly 70 countries and international organizations. It is considered a centerpiece of Chinese Communist Party (CCP) general secretary and Chinese leader Xi Jinping's foreign policy, who originally announced the strategy as the "Silk Road Economic Belt" during an official visit to Kazakhstan in September 2013.

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