The Belt and Road Initiative (BRI) is the investment arm of a larger Chinese attempt at redefining globalisation with “Chinese characteristics”. One of its open questions is the likely effect of BRI’s promised massive investment across geographies on global industry and global innovation.
The One Belt One Road (OBOR) Initiative reflects China’s growing need for deeper engagement with the regions to its west and south – through intensified trade, investment, telecommunication, and infrastructure – as well as a grander vision for Chinese foreign policy. Encompassing over 60 countries, in an area covering mainly Asia and Europe, but also Oceania and East Africa, OBOR faces immense challenges, not only from a political and operational perspective, but also from a financial standpoint.
The security dimension is a key factor in the OBOR initiative, considering that Xinjiang region is an exclusive gateway for Central Asian oil and gas imports as well as for trade corridor between China and the West.