Under the Trump administration, US response to China’s OBOR is more coherent and comprehensive than in the past, expert says
WASHINGTON—China’s One Belt, One Road initiative is one of the world’s most ambitious and controversial development programs. Under the Trump administration, the United States is rolling out new infrastructure projects and other initiatives in the Asia-Pacific in an effort to counter China’s growing footprint in the region.
The Chinese Communist Party has made One Belt, One Road (OBOR, also known as Belt and Road) the cornerstone of its plan to expand its geopolitical influence. The initiative aims to deliver trillions of dollars of infrastructure investment to connect Asia, Europe, and Africa. The plan spans almost 70 countries and covers more than two-thirds of the world’s population.
In recent years, however, OBOR has come into question, as most of the projects are financed through Chinese state-controlled lenders, leaving borrowing nations distressed by massive debt burdens.
While OBOR has been going for five years, America’s response to China’s ambitious plan is much more recent, according to Daniel Kliman, a senior fellow in the Asia-Pacific security program at the Center for a New American Security, a Washington-based national security think tank.
https://www.theepochtimes.com/america-competes-with-chinas-belt-and-road_2747924.html