THE “ONE BELT ONE ROAD” INITIATIVE

What is One Belt, One Road?

The Silk Road Economic Belt and the 21st-century Maritime Silk Road, also known as the Belt and Road Initiative (B&R) and The Belt and Road (B&R), is a development strategy proposed by Chinese President Xi Jinping that focuses on connectivity and cooperation between Eurasian countries, primarily the People’s Republic of China, the land-based “Silk Road Economic Belt” (SREB) and the oceangoing “Maritime Silk Road” (MSR). The strategy underlines China’s push to take a larger role in global affairs, and the desire to coordinate manufacturing capacity with other countries in areas such as steel manufacturing. Since it was unveiled in September 2013 the One Belt One Road Initiative has been the most frequently mentioned concept in the Chinese media in 2016.

One Belt, One Road – a report by CBBC and the FCO

In September 2015, the China-Britain Business Council released a comprehensive new report on China’s ambitious and complex “One Belt One Road” initiative in partnership with the Foreign & Commonwealth Office. Designed as a practical guide to where the opportunities lie for UK companies, the report contains succinct chapters on the seven key sectors and 13 major regions to help you understand what the implications are in your industry and where your next steps should be.

The report is available here

Chinese Dream中国梦

The Chinese Dream has been a term popularized after 2013 and used widely in ad outside of China to describe the role of the individual in Chinese society as well as the goals of the Chinese nation. The phrase is closely associated with Chinese President Xi Jinping. Xi said that young people should “dare to dream, work assiduously to fulfil the dreams and contribute to the revitalization of the nation”. According to Xi, the Chinese Dream is about Chinese prosperity, collective effort, socialism, and national glory.

Population1.4 billion

GDP (PPP)$19.4 trillion6.9% growth7.8% 5-year compound annual growth$14,107 per capita

Unemployment4.6%

Inflation (CPI):1.4%FDI Inflow:$135.6 billion