Topic > The One Belt One Road initiative in China

The Chinese are outlining a grand economic plan aimed at global supremacy. The One Belt One Road initiative is just one part of this and is the project of the century described by Chinese leader Xi Jinping on May 14, laying out his grand plan to remake the world order. Xi unveiled his pet initiative, One Belt One Road, which aims to establish Beijing at the center of the world through a series of massive infrastructure projects connecting China with the rest of the world. India was the only major absentee from the OBOR summit due to opacity surrounding China's objectives coupled with India's concerns over Chinese ambitions in POK. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay If OBOR was named with the hope of signaling China's good intentions to the world, the country's leading thinkers are aware that it risks more. Through OBOR, China claims world leadership over the United States for the first time. Chinese thinkers believe that China has two options available: a) trade protectionism, and b) leading globalization into a new stage and forming a new economic and world order. The first alternative brings the world back to square one, which is unthinkable. The Chinese are at a historical turning point and must embrace this new phase. China's push for global supremacy did not begin with OBOR, but has emerged as the instrument through which China makes its intentions clear. For twenty years, China has pushed its state-owned enterprises to secure the country's interests, for example for railways in Africa, acquiring and operating mines around the world, from Latin America to Afghanistan, and building dams from Argentina to Myanmar. What China is trying to do and to some extent has succeeded in doing. More than his predecessor, Xi has been more aggressive in promoting China's role globally. After taking office in 2012, he launched the slogan “China's Dream” for the great rejuvenation of the nation. All leaders since Sun Yet Sen have spoken of China's rebirth, but Xi has pushed harder than anyone else. The key word in this awakening is: getting to the core of what China is trying to do with its foreign policy. It means guaranteeing China's interests, in turn projecting it as a great nation on the world stage. It is no surprise that its leader sees the economy and traders as key to his global mission. In 1996, leader Jiang Zemin promoted what was then called an “exit” strategy for state-owned enterprises. In 2001, China accounted for less than 5% of global trade, but today it is the world's largest exporter with a share of about 14%. It is now the largest trading partner for more than 100 countries and has emerged as the largest source of FDI from Venezuela and Angola to Nepal and EXIM bank is also financing these investments and lending more to Africa. Gathering its own resources, China is now the world's largest producers and consumers of everything from coal and iron ore to copper and rare earths. The Belt and Road plan was first presented as the “Silk Road Economic Belt” by Xi in 2013 during his state visit to Kazakhstan. It is doing this in 3 ways that will bring the market closer, by initiating projects abroad and through massive loans. For example: To reduce dependence on the Strait of Malacca, China opened a new gas pipeline with Myanmar connecting to Kunming. Pakistan's Gwadar port in the Arabian Sea was designed to open alternative access to several seaports. In China they say that "to get rich you have to.