Register for free demo class . But the challenge has been unpicking exactly what the ‘one belt, one road’ slogan means. Find all news including political news, current affairs and news headlines online on One Belt-One-Road today. 2018 Current affairs week - 20, 21 & 22. Ankit Avasthi. One Belt One Road, on the other hand, is a mega vision of China to connect the whole region and beyond into a single network of transit routes using which China can carry its products to most of the Asian and European countries. CURRENT AFFAIRS. One belt refers to what was historically called the Silk Road, stretching from China through Central Asia. It can also use the economic corridor for negotiating downstream industries to be located within India. The “one belt, one road” initiative is partly a short-term measure to alleviate overcapacity in China’s cement, steel and aluminum industries by conjuring up export markets for them. 1 One belt one road initiative How china has benefitted from the One Belt One Road initiative in terms of trade, security and relations Introduction China’s dream to be interlinked with the rest of the world has been in existence ever since the reign of Zhang Qian, who helped to establish the Silk Road, more than two thousand years ago. The equation is simple. Chinese President Xi Jinping announced one of China’s most ambitious foreign policy and economic initiatives at the end of 2013. Read all the latest news and updates on One Belt-One-Road-Project only on News18.com. The more that China dominates trade and investment worldwide, the less likely that these nations will continue to use the U.S. dollar to conduct its economic affairs. Sri Lankan prime minister Ranil Wickremesinghe, center, watches the land that was reclaimed from the Indian Ocean for the Colombo Port City project, on the Galle Face sea promenade in Colombo, Sri Lanka, Jan. 2, 2018. The phrase ‘one belt, one road’ has become a staple of discussions about China’s foreign policy and approach to the global economy. Hindi Current Affairs. China has huge ambitions for the initiative and is devoting significant effort to its goals. Share. The term derives from the overland ‘Silk Road Economic Belt’ and the ‘21st-Century Maritime Silk Road’, concepts introduced by PRC President Xi Jinping in 2013. THE “ONE BELT, ONE ROAD ... analysed as main actors of the current multipolar world emerged from the fall of the Soviet Union in the first 1990s. One Belt, One Road could have as much impact on China’s internal economy as it will have internationally. This is not least because the concept looks something like a signature foreign policy initiative of Chinese president Xi Jinping. Jul 09, 2018..Monday 15039 Posted by Admin. We are currently experiencing a particular phase of the global history. At the national level, China put forward the Vision and Actions on Jointly Building Silk Road Economic Belt and 21 st Century Maritime Silk Road in March 2015. Explore more on One Belt One Road. 55. It's estimated that it will affect the lives of 4.4 billion people and generate $2.1 trillion in gross production. The ‘Belt & Road’ strategy, as it has come to be known, is an umbrella term for China’s plans to re-establish both the overland Silk Route Economic Belt and the 21 st Century Maritime Silk Route. India’s gain from the BCIM includes the ability to connect to the One Belt, One Road project thus opening up markets to the east. Maritime Silk Road, collectively referred to as One Belt, One Road (OBOR) but which has also come to be known as the Belt and Road Initiative. This was, they observed, ‘a troubling indictment of our current course’. One Belt One Road (OBOR) by China – Should India Join It? In 2013, the People’s Republic of China (PRC) announced its ambitious One Belt, One Road (OBOR) initiative. OBOR remains to be the most important step of China to be a superior economic power replacing the United States. It will be helpful or the aspirants for preparing uppsc. Read all the latest news and updates on One Belt-One-Road only on News18.com. U.S. imperialism views the One Belt One Road’s objective of enhancing the productive forces of the poorest nations as an existential threat to the domination and monopoly of the dollar. Daily Current Affairs; Hindi Current Affairs; Kannada Current Affairs; Editorials; AIR/RS/LSTV Summaries; Mindmaps; Articles. China's ambitious "One Belt One Road" project is planned to span across Asia, the Middle East, Europe, and Africa. Follow us on Facebook. Find all news including political news, current affairs and news headlines online on One Belt-One-Road-Project today. International Affairs Notes. In this session Dr Uday Bhan Singh will be discuss One Belt One Road project and their significance. The project will be built by the Iranian infrastructure engineering group MAPNA and China’s company. The end of the Cold War and the collapse of the Soviet Union in 1989-1991, pushed the system towards an acceleration and a widening of globalization in the whole world. Choose the correct answer from the code given below: A: Only 1. One Chinese commentator has suggested that China should convene a summit meeting of all the countries who agree to participate in OBOR to press for wider changes in global governance as well. On February 6, 2016, Iranian President attended the opening ceremony of Tehran - Mashhad High-speed Rail project. The project is expected to be complete after 42 months, five years later periods of maintenance. Current Affairs; International; International Relations; One Belt-One Road Initiative . Download pdf to Read More. SOCIAL ISSUES; Economic Issues; Environmental Issues; ANSWER WRITING. An article published in the Financial Times in July this year pointed out that 234 out of 1,674 Chinese-invested infrastructure projects announced in 66 Belt and Road countries since 2013 have encountered difficulties. No interference in the internal affairs of other nations; Does not seek to increase the so called “sphere of influence” Does not strive for hegemony or dominance; Domestic Silk Road Plan. … B: Only 2. OBOR, as it became known, was hailed as a transformative effort to deploy China’s economic might in service of its strategic goals. 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