The nebulous trade and infrastructure project is jeopardized by simmering regional conflicts and territorial disputes in the South China Sea
China’s “One Belt, One Road” (OBOR) intercontinental trade and infrastructure project must bring real benefits to participant nations, Chinese President Xi Jinping said Wednesday, as his seminal foreign policy initiative faces mounting challenges.
Xi told a meeting in Beijing that more than 100 countries and international organizations have so far signed up to OBOR, which is touted as a revival of the iconic land and maritime Silk Road via a trade-and-infrastructure network spanning East Asia to Western Europe and south through Africa.
“The progress and results of the Belt and Road Initiative have been greater than expected,” China’s state newswire Xinhua quoted Xi as saying. The Chinese President has traveled extensively over Central Asia and Eastern Europe in recent months to champion the benefits of OBOR.
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