In 2013, China proposed the “One Belt, One Road” (OBOR) Initiative, with the main aim of improving the infrastructure facilities in countries along the route of the Initiative. Now, after three years of untiring efforts, China has substantially boosted its connectivity with such countries through transport links, power facilities and digital infrastructure.
To date, railway lines for freight trains have been established in 17 cities in China. With direct routes to 12 European cities, including Hamburg in Germany and Madrid in Spain, this forms a convenient network of train routes linking Asia and Europe. China has also overseen many other transportation projects, including the Padma Bridge rail link in Bangladesh, Colombo Port City in Sri Lanka, the first expressway in Mongolia and the port of Piraeus in Greece. China hopes that such projects will lift the world economy out of its current depression.
As for the construction of power facilities, from October 2013 to June 2016, Chinese enterprises have launched more than 40 projects involving power plants, power grids and oil/gas transmission pipelines in 19 countries along the route of the Initiative. 16 of these were signed in the first half of 2016.
The third field of investment, the development of digital infrastructure, plays perhaps the most pivotal role in boosting trade and financial connectivity. China is now accelerating the construction of a cross-border digital network in countries involved in the Initiative, starting to make its proprietary TD-LTE wireless communication technology available internationally. Read more. (Chinese only)