February 22, 2017
The "New Silk Road" or "One Belt One Road Initiative" launched by China’s President Xi Jinping in 2013 is unprecedented in scope and reach. China wants to spend some $900bn on infrastructure projects connecting the Middle Kingdom to other parts of Asia, Africa and Europe. This, Beijing hopes, will create new markets for Chinese products and provide contracts for Chinese companies. But some projects have turned into “red elephants”, others have clear strategic and military dimensions, says James Kynge, seasoned China-watcher and former FT bureau chief in Beijing. OBOR, he argues, is much more than Chinese-style globalization. Listen to James Kynge talking about China’s ambitions and the risks and opportunities of OBOR in the new Merics Experts Podcast.