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  • 10/12/2018

    Since China’s One Belt, One Road (OBOR) development strategy was first proposed in late 2013, it has increasingly attracted world attention as more and more countries have signed various cooperation agreements with China related to the project[1]. Described as ‘globalisation 2.0’, the initiative which seeks to develop cooperation, trade and infrastructure networks between Asia, Africa and Europe through the creation of a Silk Road Economic Belt and the Maritime Silk Road, has the potential to significantly impact on the global economy while further expanding China’s political and economic interests internationally. 

  • 21/11/2018

    Currently, the prospects of China’s ‘One Belt One Road Initiative’ (hereinafter referred to as OBOR) are dim. An article published in the Financial Times in July this year pointed out that 234 out of 1,674 Chinese-invested infrastructure projects announced in 66 Belt and Road countries since 2013 have encountered difficulties.The most recent and striking problem occurred in Malaysia——newly elected prime minister Mahathir Mohamad canceled the US$20 billion East Coast Rail Link project right after his official visit to Beijing.

  • 16/10/2018

    Since China first commenced 1979, it has undergone a gradual process of economic change, resulting in dramatic transformations domestically for the lives of Chinese people, at the same time that such changes have resulted China having become a crucial component of the global capitalist economy.

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