Chinese President Xi Jinping hosted the leaders of 28 countries and representatives from several other countries at the Belt and Road Forum in Beijing on May 14-15, 2017. Announced in 2013, the Belt and Road Initiative (also known as One Belt, One Road or OBOR) aims to strengthen China’s connectivity with the world. It combines new and old projects, covers an expansive geographic scope, and includes efforts to strengthen hard infrastructure, soft infrastructure, and cultural ties. At present, the plan extends to 65 countries with a combined Gross Domestic Product of $23 trillion and includes some 4.4 billion people.
Supporting a diverse array of initiatives that enhance connectivity throughout Eurasia and beyond could serve to strengthen China’s economic and security interests while bolstering overseas development. At the Belt and Road Forum, President Xi notedthat “In pursuing the Belt and Road Initiative, we should focus on the fundamental issue of development, release the growth potential of various countries and achieve economic integration and interconnected development and deliver benefits to all.”
The BRI is an umbrella initiative which covers a multitude of investment projects designed to promote the flow of goods, investment and people. The new connections fostered by the BRI could reconfigure relationships, reroute economic activity, and shift power within and between states. In March 2015, the Ministry of Foreign Affairs disseminated an action plan (issued by the National Development and Reform Commission) that fleshed out specific policy goals of the BRI.