Belt and Road Initiative

Development strategy and framework, proposed by China

Belt and Road Initiative (Under CC License)

The Belt and Road Initiative (BRI), also known as the One Belt One Road (OBOR) or the Silk Road Economic Belt and the 21st-century Maritime Silk Road, is a development strategy adopted by the Chinese government involving infrastructure development and investments in 152 countries and international organizations in Europe, Asia, Middle East, Latin America and Africa. The paramount leader of the People's Republic of China, Xi Jinping, originally announced the strategy during official visits to Indonesia and Kazakhstan in 2013. "Belt" refers to the overland routes for road and rail transportation, called "the Silk Road Economic Belt"; whereas "road" refers to the sea routes, or the 21st Century Maritime Silk Road. Until 2016 the initiative was officially known in English as the One Belt and One Road initiative but the official name was changed as the Chinese government considered the emphasis on the word "one" as being prone to misinterpretation.

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Asked if India's opposition to the BRI would undermine the new momentum generated by last year's informal summit between Prime Minister Narendra Modi and Chinese..
Credit: Firstpost - Published 2 days ago

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China's Belt and Road project is not a "geopolitical tool" or a debt crisis for participating nations, but Beijing welcomes constructive suggestions on how to..
Credit: Reuters - Published 2 days ago

Switzerland will sign an accord backing China's Belt and Road Initiative when President Ueli Maurer visits China this month, cementing ties with a major trading..
Credit: Reuters - Published 5 days ago

U.S. Secretary of State Mike Pompeo and Chilean President Sebastiรกn Piรฑera discussed the crisis in Venezuela, the U.S.-China trade war and the "Belt and Road"..
Credit: Reuters - Published 1 week ago

The new head of the World Bank made his first public appearance on Thursday, where he told China it needed to come clean about its lending practices in poor..
1 week ago • WorldNews

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