China’s economic interests in the “One Belt, One Road” initiative

Abstract

The article examines the “One Belt – One Road” initiative of China aimed at the development of transport and logistics infrastructure on the trade route from China to Europe. The authors pay special attention to the history of the Silk Road, which serves as an ideological basis for the modern initiative. The scale of the new project allows the authors to expect that its impact on the international trade will be comparable with the contribution of the historical Silk Road to the development of the global economy as we know it. The authors analyze the prospects of the development and implementation of the initiative in terms of China’s economic interests. The most significant threats associated with the initiative are identified.

Keywords

• OBOR
• Silk Road
• modern initiative
• economic interests