obor

  1. Silk Road was the ancient trade route that once ran between China and the West during the days of the Roman Empire.
  2. And now it’s being resurrected. In 2013 Chinese President Xi Jinping Announced  a brand new double trade corridor which is set to reopen channels between China and its neighbors in the west such as Central Asia, the Middle East and the Europe.
  3. According to the Belt and Road Action Plan (One Belt One Road or OBOR), the initiative will encompass land routes (the “Belt”) and maritime routes (the “Road”) with the goal of improving trade relationships in the region primarily through infrastructure investments.
  4. The aim of the $900 billion scheme is to kindle a “new era of globalization”, a golden age of commerce that will benefit all.
  5. Beijing will lend as much as $8 trillion for infrastructure in 68 countries. That adds up to as much as 65% of the global population and a third of global GDP, according to the global consultancy McKinsey.
  6. Such massive reach of the project has mixed reviews with several countries expressing suspicion about China’s true geopolitical intentions, even while others praise the scale and scope of the project and expect to be benefitted with it.
  7. China hopes to serve multiple objectives out of it. Apart from trade with major part of the world, the new globalization agenda would increase Chinese geopolitical influence and increase it’s polarity in a multipolar world.
  8. This would not only contain India and US, but Chinese association with Pakistan, Russia, Central asian countries and the Europe would increase, weakening Indian position further.
  9. Don’t be fooled with PM Modi’s globe trotting tours and great hugs and handshakes. Countries don’t care about the popularity of any country’s PM but only care about country’s economic and political capabilities which in India’s case is much behind China.
  10. OBOR would definitely weaken India’s stand in the neighborhood and elsewhere on the earth therefore India is opposing it tooth and nail. A part of OBOR, passing through Pakistan also tramples on India’s sovereignty which also is not acceptable. wef
  11. But China is not bothered about Indian sentiments and instead of seeking Indian cooperation, face off was observed at Dokolam few days back.
  12. The OBOR is funded by various modes. A part is paid by China Development Bank and other by recently formed Asian Infrastructure Investment Bank.
  13. Bilateral talks with China are the steps of prudence to boost confidence between the neighbors and rather fuelling the unnecessary anti China sentiment and boycott Chinese goods, steps must be taken to engage constructively.