One belt one road

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One belt one road

Category: Process Essay

Subcategory: Logic

Level: High School

Pages: 1

Words: 275

China’s One Belt One Road Initiative
Name
Institution

China’s One Belt One Road InitiativeChina’s One Belt One Road Initiative (OBOR) might be the most significant undertaking of the 21st century. This business venture focuses on transportation, energy, and infrastructure (Ma, 2018). The belt refers to the countries interlinked by the foundation, about 71 in total, while the road connects the countries and cuts across the seas to facilitate transportation. The nations in this venture represent almost a third of the universe’s Gross Domestic Product (GDP). China aims at linking countries across continents both physically and financially using the project. However, some world members still have doubts about the success or the motives of the OBOR venture.
Some states, like Britain, are skeptical about this venture arguing that the investment can only succeed if appropriately implemented. Other observers report that this undertaking might be a way for China to make exclusive deals with some countries which is a violation of the European Union (EU) principles (Ma, 2018). Another issue that many experts raise about the OBOR undertaking is that many nations still have poor infrastructure despite borrowing large funds from the Chinese government (Ngai, Sneader, & Zecha, 2016).
For the nations to be able to take part in this initiative, a lot of funds and planning is required. Another factor that might lead to the failure of the OBOR venture is misappropriations …

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