High-speed train

China's One Belt, One Road: A Reality Check

The world is excited, yet confused about the potential of China's One Belt, One Road (OBOR) initiative. What exactly is it?

This Strategic Update explains the origins of the idea, who in Beijing really runs OBOR, and the existential challenges to the project.

Read the online edition:

 China's One Belt, One Road: A Reality Check

Download the pdf:

 China's One Belt, One Road: A Reality Check

About the author

Dr Yu Jie (Cherry) is Head of China Foresight at LSE IDEAS and teaches at LSE. Her research focuses on decision-making process of Chinese foreign policy as well as China-EU relations. Prior to LSE IDEAS, she worked as a management consultant, specialised at Chinese investments in Europe and Chinese market entry strategies for European conglomerates at London Office of Roland Berger Strategy Consultants, GmbH.

References & Notes

Deng (1982), “Meeting Notes with the then UN Secretary General Javier Pérez de Cuéllar”, 21st August, 1982

De Jonquieres, G (2015), “Grand Plans will test Xi’s mettle”, Nikkei Asian Review, accessed 7 Dec 2015

NDRC (2015), “Vision and Actions on Jointly Building Silk Road Economic Belt and 21st-Century Maritime Silk Road” by the National Reformation and Development Commission, March 2015

Rachman (2016), “Trump, Putin, Xi and the Cult of Stronger leader”, Financial Times, 31st Oct 2016

Wu, Jianmin (2015), “China to Play a Bigger Role as a World Contributor”, China Daily, 20 April, 2015

Xi, Jinping (2013), “Speech by Chinese President Xi Jinping to Indonesian Parliament”, October 2013

Xi, Jinping (2014 ), “New Asian Security Concept For New Progress in Security Cooperation”, Remarks at CICA, May 2014, Shanghai

Xi (2016), “创造条件也要上的”一带一路”, FT Chinese

Xinhua (2015a), “深度解读一带一路, 各省怎样定位 Insight into One Belt, One Road, which province is doing what?

Xinhua (2015b), “President Xi Jinping met Russian President Vladmir Putin in discussion for connecting Silk Road Economic Belt and Eurasia Economic Union习近平同俄罗斯总统普京会谈一致同意加强协作推进丝绸之路经济带建设同欧亚经济联盟建设对接”

Xinhua (2017), “Belt and Road Forum

1: The author is deeply in debt to many contributors from the public and the private sectors who shared their candid views.

2: From a recent interview at the Chinese State media with Russian delegation who participated in Belt and Road Forum

3: A key post for those who want to step into the Standing Committee of the CCP Politburo of the CCP Central Committee

4: Please refer to Deng’s 24 characters summary on the Chinese foreign policy when he met with the then UN Secretary General Javier Pérez de Cuéllar

5: Courtesy of some Chinese senior academics and diplomats in Beijing