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All You Need To Know About China’s One Belt One Road (OBOR) Project

OBOR is also a part of China’s economic diplomacy strategy

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OBOR is China's attempt at improving their economic development.
OBOR is China's attempt at improving their economic development.

By Ruchika Verma

  • One Road One Belt Initiative is A Chinese initiative to connect all Asian countries
  • The main motive is to connect all countries with which China shares a border
  • This will help China improve its economy

China’s OBOR or One belt one road initiative was released in 2013 and is one of the most expensive initiatives taken by China. OBOR initiative is China’s way of improving inter-border connectivity. The OBOR agreement has been signed by most of the countries with which China shares a border except for India.

All countries sharing border with China have signed the OBOR except for India.
All countries sharing a border with China have signed the OBOR except for India.

What exactly is One Road One Belt? 

Known as China’s President Xi Jinping’s most ambitious project, the One Belt One Road initiative focuses on improving connectivity and cooperation among Asian countries, Africa, and Europe. The belt and road initiative lays emphasis on enhancing the land and maritime routes. The policy aims to boost the domestic growth of China and is very crucial to the country as well.

Also Read: India China’s Fight Over the Doklam Plateau Explained

OBOR is also a part of China’s economic diplomacy strategy. Since China is no longer a part of G7, OBOR might provide China with an opportunity to continue its economic development.

There are two components to this project of China — the Silk Road Economic Belt (SREB) and the Maritime Silk Road (MSR).

OBOR is said to be Chinese President Xi Jinping's dream project. Twitter
OBOR is said to be Chinese President Xi Jinping’s dream project. Twitter

The SREB focuses on bringing China, Central Asia, Russia and Europe together and linking China with the Persian Gulf and the Mediterranean Sea through Central Asia and West Asia. The 21st-Century MSR goes from China’s coast to Europe through the South China Sea and the Indian Ocean in one route.

Why is India opposed to OBOR?

The main reason behind India’s opposition towards OBOR is the China-Pakistan Economic Corridor (CPEC). According to some reports, the launch of CPEC in Pakistan has helped China receive investments of worth more than $46 billion.

India oppose China's OBOR because of sovereignty issues.
India opposes China’s One Belt One Road because of sovereignty issues.

Also Read: Facts About PoK You Probably Didn’t Know Before

India doesn’t have any problem with OBOR but the CPEC through which it passes is a major concern. India has raised objections over CPEC citing sovereignty issues over the Pakistan-occupied Kashmir (PoK). China, however, has not tried to attenuate India’s concerns.

Next Story

China Hopes to Welcome US “Back to The Negotiating Table” to Discuss Global Efforts to Limit Climate Change

Xie Zhenhua, China’s Special Representative for Climate Change Affairs, told journalists during a visit to a solar energy plant outside the Chilean capital Santiago

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China, US, Climate Change
FILE - China's top climate change negotiator, Xie Zhenhua. VOA

China hopes to welcome the United States “back to the negotiating table” to discuss global efforts to limit climate change at a United Nations summit to be hosted by Chile in December, its top climate change envoy said on Tuesday.

Xie Zhenhua, China’s Special Representative for Climate Change Affairs, told journalists during a visit to a solar energy plant outside the Chilean capital Santiago that China would provide “full support to the Chilean presidency of this meeting.”

The summit was “strong proof that a multilateral negotiation process is successful, that multilateralism is working,” he said.

Asked if the U.S. approach to the threat of climate change under President Donald Trump and the U.S.-China trade dispute might affect the outcome in Santiago, Xie replied: “China and the U.S. has many differences but we do have some common grounds on climate change issues as well and we welcome them back to the negotiating table on climate change, we are very open to that.”

China, US, Climate Change
China hopes to welcome the United States “back to the negotiating table” to discuss global efforts to limit climate change at a United Nations summit to be hosted by Chile. VOA

Trump has signaled his intention to withdraw the United States from the 2015 Paris climate accord and been dismissive of regulations aimed at slashing greenhouse gas emissions. He has also expressed his preference for bilateral trade pacts over multilateral agreements.

In July, China pledged on the sidelines of the G20 summit in Osaka to show “the highest possible ambition” in the fight against climate change. Experts and policy advisors say the world’s biggest greenhouse gas emitter could introduce new and more stringent carbon targets next year.

Xie said China would back a bid by the U.N. secretary-general and climate change envoy to persuade all countries to update their Nationally Determined Contributions (NDC) goals to keep global warming to well below two degrees centigrade.

“The most important objective is to identify the new NDCs for the post-2020 period and link those new NDCs together with the financial support from the developed countries as promised,” Xie said. “To have that financial support in place is very important and that’s the objective we would like to achieve.”

Also Read- Students of IIT Delhi Launch Reusable Sanitary Pads

China is a key investor in Chilean renewable energy projects and manufactured half of the solar panels at the 110MW Parque Quilapilún solar plant Xie visited with environment minister Carolina Schmidt.

Schmidt will serve as president of the COP25 U.N. climate change summit in December. (VOA)