One of the major global initiatives by China was the massive Belt and Road Initiative, reviving the old silk roads. In May 2017 a major international conference showed what our experts were already expecting: now all roads lead to China. Even countries who suffered from difficult relations with China, including both Koreas, appeared in Beijing.Larger than the former Marshall Plan after the Second World War, OBOR is going to redefine global trade.
Western media have been portraying China’s massive investment program One Belt, One Road (OBOR) or Belt Road Initiative (BRI) as a colonial trick to put developing countries into debt, and then seize their assets. Business analyst Andy Mok sees debt problems as a normal business risk in highly complicated investments on infrastructure, he tells at the state-owned CGTN.
Business analyst Shaun Rein author of The War for China’s Wallet: Profiting from the New World Order defines three different relations China can have with other countries: hot, warm or cold partners. From Cambodia he reports how a hot partner like Cambodia can deal with its powerful neighbor, according to the Phnom Penh Post.
One of the key barriers in China’s massive outbound investment programs, like One Belt, One Road (OBOR) is the lack of management talents, tells author Shaun Rein of The War for China’s Wallet: Profiting from the New World Order on the Human Resources page at LinkedIn. “Private Chinese companies have the capital and will pay for consulting services, especially companies in the tech sector.”
China’s close to one trillion US dollar investment program One Belt, One Road (OBOR) is facing serious pitfalls that could stop it from succeeding, writes financial analyst Sara Hsu in the Huffington Post. Insufficient due diligence is just one of a range of potential barriers, she writes.
China showed off yet another military product at the recent Zhuhai Airshow, the CX-1 missile, writes defense analyst Wendell Minnick in Defense News. The supersonic anti-ship cruise missile is ready for export to America’s friends and foes alike, with potential markets including Iran, Pakistan and African and South American countries.