One of Beijing’s most ambitious foreign economic development initiatives aims to recreate the legendary Silk Road. Nicknamed One Belt One Road (OBOR), the project wields plenty of financial muscle. It launched in February 2014 with $40 billion—mostly drawn from Beijing’s bountiful foreign exchange reserves.
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https://nationalinterest.org/feature/chinas-huge-one-belt-one-road-initiative-sweeping-central-17150
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