11 April 2015

How China Can Perfect Its 'Silk Road' Strategy

By Xue Li and Xu Yanzhou
April 09, 2015

In 2014, “one belt and one road” (OBOR), a reference to the Silk Road Economic Belt and the 21st Century Maritime Silk Road, were the keywords for Chinese diplomacy. The OBOR strategy has become China’s major foreign policy goal, Beijing will promote this initiative economically, politically, militarily and culturally over the next eight to ten years. In Chinese academia, it’s often said that 2013 marked the conception of the OBOR idea, while 2014 saw its operationalization. In 2015, the main task will be fully implementing OBOR.

In 2014, preparations for the OBOR strategy made remarkable progress. Politically, China made use of the Conference on Interaction and Confidence-Building Measures in Asia (CICA) and a dual-track approach; economically, Beijing advanced several economic corridors and upgraded the China-ASEAN free zone, as well as the Asia-Pacific free trade zone. 

No comments: