One belt to rule them all
THE MULTIBILLION-DOLLAR One Belt, One Road (OBOR) initiative is China’s massive infrastructure push into 90 countries worldwide. It is larger in scope than the Marshall Plan, which dragged shattered European economies back from the brink after the Second World War. Then, as now, a major world power wanted to use its economic weight to cement other countries into its diplomatic orbit. Thus Pakistan, a thorn in the side of China’s frenemy India, is due to receive $60bn worth of OBOR investment. The $60bn number was again trotted out at the Forum on China-africa Cooperation held in Beijing in September. But that is for the entire African continent.