22 Feb 2016
Hitching a Ride Along the New Silk Road
Since Chinese President Xi Jinping initially announced the One Belt, One Road (OBOR) initiative in 2013, it has become a source of significant curiosity and discussion to understand what exactly the initiative will entail and its implications for those inside and outside of China. While OBOR is still taking shape, its scope has emerged as incredibly broad, covering over 60 countries, with finance, trade and diplomatic goals. Additionally, the economic aim of the initiative is to bulwark China’s domestic economy in the face of slowdown and restructuring. Both the amorphous nature of the initiative and its domestic orientation mean there are limited ways for foreign business to capitalize on the initiative. However, two possible channels still exist: partnering with Chinese firms on OBOR projects; and seeking opportunities through the other countries involved in the initiative…
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