As a fund, its role will be to invest in businesses rather than lend money for projects. Building the right silk road china and the one belt, one road initiative login subscribe now download pdf. Urban china initiative contributes thoughts to chinas one. About the authors tari ellis is a specialist in mckinsey s dubai office, where yassir zouaoui is a partner. This passage is about the opportunities and challenges of one belt, one road strategy to all participants. Today were going to be talking about one of the biggest stories in asian business, chinas one belt, one road initiative, arguably its most ambitious economic and diplomatic program since the founding of the peoples republic. May 15, 2017 despite the nameone belt, one roadits not a road safety initiative.
In this episode of the mckinsey podcast, recorded in may, mckinsey senior partners joe ngai and kevin sneader talk with cecilia ma zecha about one belt, one roadwhat it really means, what. Alan fitzgerald is a senior expert in the new york office. Pardubice czech republic, a route from chengdu to lodz poland and one from. The belt and road initiative bri or one belt, one road obor is a. One of the biggest stories in asian business is chinas one belt, one road initiative, an economic and diplomatic program that could transform trade. Tian jinchen is the director of the western development department of chinas national development and reform commission. One belt one road and opportunities center for financial stability. Ma zecha, an editor with mckinsey publishing, based in singapore. The belt and road initiative bri is an immensely ambitious development campaign to boost trade and stimulate economic growth across asia and beyond. From dialogue to action, 2015, mckinsey global institute, april, 2015, p. Kebijakan obor terdiri dari dua komponen yaitu silk road economic belt dan 21st century maritime silk road. It also analyzes the reasons of origin, strategy, opportunities and challenges of obor initiatives on the basis of. Jan 12, 2018 the silk road fund is a stateowned investment fund of the chinese government to foster increased investment in countries along the one belt, one road.
Xis vision is an ambitious program of infrastructure building to connect chinas lessdeveloped border regions with neighbouring countries. These reserves have always been large due to the longterm trade surplus see exhibit 1. There is however, only one race, the human race, and optimistically, one future together. The one belt one road initiative is a transformational development strategy and framework promoted by the highest levels of the chinese government. Article pdf 62kb the future of trade in asia could depend heavily on what becomes of chinas expansive one belt, one road initiative, which. The belt and road initiative is believed by some analysts to be a way. Building the right silk road china and the one belt, one. Obor is chinas broadly sketched vision of how it plans to boost regional integration in its wider neighbourhood. Pdf the one belt one road obor initiative is a historical. The name came from one of chinas most important exportssilk. Pdf chinas belt and road strategy in eurasia and euro.
Cuomos decision to hire mckinsey raises concerns over. In light of the one belt, one road strategy, asiapacific region is expected to be an emerging investment destination. Jan 28, 2020 chinas belt and road initiative bri, sometimes referred to as the new silk road, is one of the most ambitious infrastructure projects ever conceived. Hence, the growth trend in the medicine investment by chinese enterprises is expected to continue. These two major initiatives were initially packaged and labelled under the overarching term one belt, one road. With five years of development, the roles of the african countries have become more important and clearer. The plan involves more than 60 countries, representing a third of the worlds total economy and more than half the global population. Chinas trillion dollar plan for world domination youtube. China investing usd 1tn along one belt one road, global research, standard chartered, 14 august 2015, p. We are the trusted advisor to the leading businesses, governments, and institutions.
Recently, china has proposed the construction of one belt, one road which aims to collaborate with most asian countries economically. The future of trade in asia could depend heavily on what becomes of chinas expansive one belt, one road initiative. The future of trade in asia could depend heavily on what becomes of chinas expansive one belt, one road initiative, which calls for massive investment in and development of trade routes in the region. The silk road economic belt was first laid out first in president jinpings speech in september 20 in kazakhstan. A strategists guide to chinas belt and road initiative. One belt, one road initiative and its geostrategic. The world is waiting for the one belt, one road grand blueprint to move from dream to reality, mr. Kebijakan baru silk road cina yang juga disebut one belt one road obor, dimulai pada tahun 20, oleh presiden xi jinping dan perdana menteri li keqiang estaban dan oteroiglesias 2015. In late 20, chinese premier xi jinping announced a pair of new development and trade initiatives for china and the surrounding region.
Aug 21, 2018 through the one belt, one road initiative, china has promised trillions of dollars to dozens of countries across the world. The one belt, one road strategy has evolved from a general guidance to concrete projects, which will guide future china outbound investment, and lay a solid foundation for chinese investments big navigation era. As a matter of fact, it is important for china to figure out how to make use of these reserves. One belt, one road navigating new opportunities hktdc. China encircles the world with one belt, one road strategy. Chinas new silk route the long and winding road pwc. The one belt one road obor initiative is a historical landmark which intends to connect more than twothirds of the world population and opening up the windows for reviving global business. Already, some estimates list the belt and road initiative as one of the largest infrastructure and investment projects in history, covering more than 68 countries, including 65% of the worlds population and 40% of the global gross domestic product as of 2017. One belt one road, infrastructure, economic development. The problem with chinas one belt, one road strategy. More than 2,000 years ago, chinas imperial envoy zhang qian helped to establish the silk road, a network of trade routes that linked china to central asia and the arab world.
Obor is arguably one of the largest development plans in modern history. Jan 26, 2016 the rise of china, one of the biggest economies in the world, is not negligible. One belt, one road is a development strategy to link china with countries in africa, asia, and europe. The opportunity for chinese companies to accelerate their growth outside of china can get a boost from the one belt, one road initiative, as discussed by mckinsey s kevin sneader in a recent video commentary. A simple guide to understanding chinas one belt, one. The five major goals of the bri are policy coordination, facilities connectivity, unimpeded trade, financial. Navigating the new realities of global trade mckinsey.
Chinas belt and road initiative bri development strategy aims to build. It is a tale of unparalleled growth, urbanization, and wealth creationchina has moved a staggering. Chinas development in the last 30 years of the twentieth century was extraordinary. Chinas belt and road initiative in the global trade. Cooperation between china and africa under the one belt one. Since brought up in 20, the one belt one road initiative has made some great achievements in africa. A revolution on regional and global development article pdf available april 2019 with 4,393 reads how we measure reads. It is revival of the old silk road connecting china through central asia to the middle east and europe.
Chinas regional integration initiative summary in 20, china launched its one belt, one road obor initiative. Obor focuses on connectivity and cooperation among countries along two main routes. In doing so, we hope to achieve policy, infrastructure, trade, financial, and peopletopeople connectivity and thus build a new platform for international cooperation to create new drivers of shared development xi, j. The opportunities and challenges of one belt, one road. Download navigating the new realities of global trade, the full report on which this article is based pdf 1. Chni a is leadni g the effort to create the wordl s largest economic platform.
Jan 22, 2018 these rail projects, which share the same visionary origin, are just two of dozens of road, rail, port, and power generation plans within chinas muchvaunted belt and road initiative bri. One belt one road strategy in china and economic development. Foreign direct investment fdi is one of the options. Building the right silk road china and the one belt, one road. Chinas massive belt and road initiative council on foreign. Economic belt sreb and the 21stcentury maritime silk route msr. Maritime silk road, collectively referred to as one belt, one road obor but which has also come to be known as the belt and road initiative. The main purpose of this study is to explore implication of one belt one road initiative for global future development. Lou explains that its all consistent with chinas ambition to be the. An introduction one belt, one road even at the highest level of enlightenment, one can still make further progress first announced in 20, the one belt, one road10 strategy is an ambitious initiative to strengthen the worlds secondlargest economys investment, influence and trade links to the rest of the globe. Kanenga haggai, one belt one road strategy in and economic development in china the concerning countries. Chinas belt and road initiative bri, as it was formally announced by president xi jinping in 20, it is an engine for foreign policy, but it represents as well the driver force of chinas economic growth and as such, it plays an important role in the domestic policy.
And the road itself influenced the development of the entire region for hundreds of years. It is often communicated as a national vision and foreign strategy, sometimes resembling conceptual propaganda, but it is also mentioned in relation to concrete investments and projects. The report includes practical solutions for obor in terms of leveraging collective wisdom, expanding capital base, cultivating outstanding leadership, enlarging skilled labor force. Barton and his colleagues wrote in a report published on the companys chinese website in may 2015, expressing mckinsey s enthusiasm to work on it. World journal of social sciences and humanities, vol. In this article both versions in this article both versions are used interchangeably. One belt, one road obor members research service page 5 of 12 that run parallel to or link the belt and the road. The initiative is unprecedented in terms of chinas financial engagement and the innovative networkbased project design which is. Chinas one belt one road policy or the new silk road strategy is the centrepiece of the xi jinping administration.
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