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  • Essay / The One Belt One Road initiative in China

    The Chinese are developing a major economic project aimed at world supremacy. The One Belt One Road initiative is only part of it and constitutes the project of the century as described by Chinese leader Xi Jinping on May 14, outlining his grand plan to remake the world order. Xi unveiled his pet initiative, One Belt One Road, which aims to establish Beijing at the center of the world through a series of massive infrastructure projects linking China to the rest of the world. India was the only notable absentee from the OBOR summit due to the opacity surrounding China's objectives and India's concerns about Chinese ambitions in the POK. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”?Get the original essay If OBOR was so named in the hope of signaling to the world China's benevolent intentions, the country's leading thinkers are aware that others are in danger. Thanks to OBOR, China is claiming its status as a global leader over the United States for the first time. Chinese thinkers believe that China has two options: a) trade protectionism and b) guiding globalization to a new phase and forming a new economic and world order. The first alternative takes the world back to square one, which is unthinkable. The Chinese are at a historic turning point and must accept this new phase. China's drive for global supremacy did not begin with OBOR, but it has become the instrument through which China clearly expresses its intentions. For two decades, China has pushed its state-owned enterprises to mobilize to secure the country's interests, particularly for railways in Africa, by acquiring and operating mines around the world, from Latin America to Afghanistan. , and building dams from Argentina to Myanmar. Which China is trying to do and has, to some extent, succeeded in doing. More than his predecessor, Xi has been more aggressive in campaigning on China's role globally. After taking office in 2012, he launched the slogan "China's Dream" of the nation's great rejuvenation. Every leader since Sun Yet Sen has talked about China's rebirth, but his Xi has pushed it more than anyone. The key word in this renaissance is, and this goes to the heart of what China is now trying to do with its foreign policy. This means securing China's interests, which will project China as a great nation on the world stage. It's no surprise that its leader views its economy and its traders as key to his global mission. In 1996, leader Jiang Zemin pushed what was then called an “exit” strategy for state-owned enterprises. In 2001, China accounted for less than 5% of global trade, but today it is the world's largest exporter, with a share of around 14%. Today, it is the largest trading partner of more than 100 countries and has become the largest source of FDI from Venezuela and Angola to Nepal. EXIM Bank also finances these investments and lends more in Africa. By accumulating its resources, China is today the main trading partner of more than 100 countries. The world's largest producers and consumers of everything from coal and iron to copper and rare earths. The Belt and Road plan was first unveiled as the "Silk Road Economic Belt" by Xi in 2013 during his state visit to Kazakhstan. It does this in three ways that will bring the market closer: by setting up projects abroad and by granting massive loans. For example: to reduce dependence on.