SINGAPORE (July 20): China’s Belt and Road Initiative (BRI) – formerly known as One Belt, One Road (OBOR) – represents an economic development funding plan that is worth about US$4 trillion ($5.5 trillion) in foreign direct investment (FDI) along two regional trade routes.

Proposed by Chinese president Xi Jinping in 2013, the BRI saw an initial US$500 billion worth of related projects and mergers and acquisitions (M&A) deals in 2016, focusing on the physical asset development across two trade routes linking China to Central Asia, Russia and Western Europe along the ancient Silk Road route, as well as a maritime channel navigating from South East Asia through India and the Persian Gulf to Southern Europe.

This initiative aims to involve over 65 countries and a total population of 4.4 billion.

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