Belt and Road Initiative
| The Silk Road Economic Belt and the 21st-century Maritime Silk Road | |||||||||||||||
| Traditional Chinese | 絲綢之路經濟帶和21世紀海上絲綢之路 | ||||||||||||||
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| Simplified Chinese | 丝绸之路经济带和21世纪海上丝绸之路 | ||||||||||||||
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| One Belt, One Road | |||||||||||||||
| Traditional Chinese | 一帶一路 | ||||||||||||||
| Simplified Chinese | 一带一路 | ||||||||||||||
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| Transcriptions | |
|---|---|
| Standard Mandarin | |
| Hanyu Pinyin | Sīchóu zhī lù jīngjìdài hé èrshíyī shìjì hǎishàng sīchóu zhī lù |
| Yue: Cantonese | |
| Jyutping | si1 cau4 zi1 lou6 ging1 zai3 daai3 wo4 ji6 sap6 jat1 sai3 gei2 hoi2 soeng6 si1 cau4 zi1 lou6 |
| Southern Min | |
| Hokkien POJ | si-tiû-chi-lo͘ keng-chè-tài hô jī-si̍p-it sè-kí hái-siōng si-tiû-chi-lo͘ |
| Transcriptions | |
|---|---|
| Standard Mandarin | |
| Hanyu Pinyin | Yídài yílù |
| Yue: Cantonese | |
| Jyutping | jat1 daai3 jat1 lou6 |
| Southern Min | |
| Hokkien POJ | It-tài It-lō͘ |
| Asian Infrastructure Investment Bank | |
|---|---|
Prospective members (regional)
Members (regional)
Prospective members (non-regional)
Members (non-regional)
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The Silk Road Economic Belt and the 21st-century Maritime Silk Road, better known as the One Belt and One Road Initiative (OBOR), The Belt and Road (B&R) and The Belt and Road Initiative (BRI) (OBOR) is a development strategy proposed by China's paramount leader Xi Jinping that focuses on connectivity and cooperation between Eurasian countries, primarily the People's Republic of China (PRC), the land-based Silk Road Economic Belt (SREB) and the oceangoing Maritime Silk Road (MSR). The strategy underlines China's push to take a larger role in global affairs with a China-centered trading network. It was unveiled in September and October 2013 for SREB and MSR respectively. It was also promoted by Premier Li Keqiang during the state visit to Asia and Europe and the most frequently mentioned concept in the People's Daily in 2016. It was initially called One Belt and One Road, but in mid-2016 the official English name was changed to the Belt and Road Initiative due to misinterpretations of the term one.
The Belt and Road initiative is geographically structured along 6 corridors, and the maritime silk road.
The coverage area of the initiative is primarily Asia and Europe, encompassing around 60 countries. Oceania and East Africa are also included. Anticipated cumulative investment over an indefinite timescale is variously put at US$4 trillion or US$8 trillion. The initiative has been contrasted with the two US-centric trading arrangements, the Trans-Pacific Partnership and the Transatlantic Trade and Investment Partnership.
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