Chinas One Road and One Belt - Belt and Road Intiative- Strategic and Economic Future of World
One Road and One Belt (OBOR) or Belt and Road Initiative (BRI) and the Fate of World. One Road and One Belt (OBOR) or Belt and Road Initiative (BRI) and the Fate of World. Development in economic interaction is rapidly changing the new alignments in the form of socio-economic cooperation around the globe. China has transformed itself from a socialist giant to economic powerhouse. China desires to become a global player through its Belt and Road Initiative, which are an economic superhighway linking continents and cultures. China conceived the idea of One Belt One Road Initiative in 2013 with the initially planned portfolio of infrastructure, energy, and economic projects. OBOR is of prime importance to China, as it would boost its industrial growth and country’s strategy for economic diplomacy and strategic superiority. OBOR is expected to create new markets for Chinese goods, and enhance economic activity. It would also enable the manufacturing powerhouse to gain control of cost-...