China’s One Belt One Road Initiative – An Indian Perspective
Banerjee, Dipankar | March 2016
Abstract
President Xi Jinping formally publicised China’s “One Belt One Road” (OBOR) initiative while inaugurating the Boao Forum for Asia Annual Conference at Hainan on March 28, 2015. Simultaneously, the National Development and Reform Commission of China released the full document at Beijing, which lays out a comprehensive plan for OBOR’s implementation in the years ahead. The proposal consists of two distinct parts. One is the Silk Road Economic Belt, stretching across Asia to the Atlantic Ocean; and the other is the 21st Century Maritime Silk Road, linking China’s eastern sea board to the Indian Ocean and to the Persian Gulf and East Africa.
The importance of this initiative must not be underestimated. It is the centrepiece of the economic, political and strategic policy framework of the Fifth Generation Leadership of China under Xi Jinping. Some have suggested that OBOR is a version of China’s Marshal Plan. Others have argued that this is one way to expand China’s economy and invest China’s surplus foreign reserves for its greater economic and strategic advantage. It is likely to also give a boost to the PLA Navy’s far sea activities and an expanded role in the Indian Ocean and beyond. Whatever it may end up being in practice, there is no doubt that it will impact in a significant way on Asia and on parts of Europe.
Citation
Banerjee, Dipankar. 2016. China’s One Belt One Road Initiative – An Indian Perspective. © ISEAS Yusof Ishak Institute. http://hdl.handle.net/11540/10522.ISSN
2335-6677
Keywords
Development
Trade
Development Goals
Skills Development
Sustainable Development
Trade Flows
Trade And Development
Food Security And Trade
Trade Volume
Trade Potential
Trade Flows
External Trade
Industrial policy
New technology
Innovations
Industry
Export policy
Import policy
Trade Unions
Natural Resources
Services Trade
SMEs
E-commerce
Development assistance
ADB
Curriculum development
Development assistance
Development aid
Development indicators
Development potential
Development models
Project appraisal
Performance appraisal
Regional development bank
Trade development
Import volume
Export volume
Service industry
Career development
Vocational training
Contract Labor
Labor income
Labor policy
Manpower policy
Promotions
Career development
Job analysis
Self-evaluation
Supervisors
Capital
Business
Communication in rural development
Social participation
Occupational training
Partnership
Joint venture
System analysis
Labor and globalization
Labor policy
Regional trading blocs
Foreign trade and employment
Developing countries
Industrial priorities
Technological innovation
Technology transfer
Foreign trade regulation
Industrial relations
Trade-unions
Small business
Unions
Show allCollapse
Citable URI
http://hdl.handle.net/11540/10522Metadata
Show full item recordRelated items
-
Study on the Changes in China’s Industrial Policies and Industrial Structures in Manufacturing Sector after China’s Reform and Opening
Choi, Wonseok; Yang, Pyeongseob; Pak, Jinhee; Kim, Joohye; Choi, Jiwon; Zhao, Xinwang (Korea Institute for International Economic Policy, 2021-04-22)As China's recent industrial advancement has changed the trade structure between Korea and China from a complementary relationship to a more competitive one, the need for research on Chinese industrial policy has increased. Therefore, this study aims to analyze and evaluate changes in major industrial policies and industrial structures following China's reform and opening. We also analyze changes ...As China's recent industrial advancement has changed the trade structure between Korea and China from a complementary relationship to a more competitive one, the need for research on Chinese industrial policy has increased. Therefore, this study aims ... -
From Declaration to Code : Continuity and Change in China’s Engagement with ASEAN on the South China Sea.
Ha, Hoang Thi (ISEAS Yusof Ishak Institute, 2019-02-28)Developments in the South China Sea (SCS) over the past two decades provide a telling illustration of the evolution of ASEAN–China relations. Its progression since the early 1990s indicates how the relationship has grown more asymmetrical, how realpolitik has marched ahead of the rule of law, and how power equations in the SCS are rapidly changing as a result of China’s rise. China started negotiations ...Developments in the South China Sea (SCS) over the past two decades provide a telling illustration of the evolution of ASEAN–China relations. Its progression since the early 1990s indicates how the relationship has grown more asymmetrical, how realpolitik ... -
Grow Green China Inc.: How China’s epic push for cleaner energy creates economic opportunity for the West
Ball, Jeffrey (Brookings India, 2019-05-30)Everything is big in China. That’s true of the traditional part of the economy, which is brown, and of the newer part, which increasingly is green. Rightfully, the dirty part of Chinese growth—the smog, the water pollution, the infrastructure locking in massive greenhouse gas emissions for decades—prompts nearly universal concern. Yet even the breakneck growth of the clean part of China’s industrial ...Everything is big in China. That’s true of the traditional part of the economy, which is brown, and of the newer part, which increasingly is green. Rightfully, the dirty part of Chinese growth—the smog, the water pollution, the infrastructure locking ...