An international conference on the One Belt One Road (OBOR) will be held in Beijing on May 14 and 15, which will be attended by 20 heads of state and government and 50 world’s organizations. The initiative of building infrastructure, connectivity, and trade was offered by President Xi Jingping two years ago.
The OBOR offers the world’s largest economic corridor and physical infrastructure development program benefiting over 66 countries and 4.4 billion people and even more. To build infrastructure, at least over US$ 8 trillion are need up to 2020. China is using its huge financial potential of foreign reserves, trade surplus, assistance programs, and its outbound investments to build infrastructure worldwide.
