The OBOR initiative unveils Beijing’s ambitions in Central Asia

Dated 2017-01-04, tagged under Global trade

The OBOR initiative unveils Beijing’s ambitions in Central Asia-OBOR Invest

In 2013, during his address to the Nazarbayev University, President Xi Jinping launched the One Belt One Road initiative (OBOR), based on two strategic frameworks: Silk Road Economic Belt and the 21st Century Maritime Silk-Road. The OBOR is considered one of the most ambitious tools ever designed to enhance trade, energy and infrastructure networks, allowing Beijing to massively expand its influence overseas. Embracing 4.4 billion people and a collective annual GDP of US$ 2.1 trillion (equivalent to 30% of global wealth), the scale of the OBOR initiative is huge.

Yet, the Chinese leadership’s efforts remain focused on the expansion of economic and strategic activities in Central Asia, the most critical area for Beijing’s economic and strategic interest. Central Asian leaders have enthusiastically welcomed the OBOR as a major economic and strategic imitative. It is expected to boost the level of connectivity with Europe, East Asia and Middle East represented by the revival of the ancient Silk Road under Beijing’s auspices.

The emergence of China as a global actor is characterised by Beijing’s determination to project its economic, political and military power beyond its own borders. Since the disintegration of the Soviet Union, Central Asia has rapidly become a critical area for China’s strategic interest. In the last decade, Beijing has started to impose itself in the region, slowly replacing the Russian Federation’s traditional sphere of influence.

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