Look At 'China First' Policy - From Maritime Silk Route To One Belt One Road | Read
As China's economic growth slows down to 6.5% for this financial year, and its domestic demand slumps - it is pushing hard to expand its industry and investment beyond its boundaries, especially in steel, concrete, housing and infrastructure sectors. The country is also trying to change the pivot to a "China First" policy of economic relations with the rest of the world. The 21st century Maritime Silk Route together with the One Belt One Road (OBOR) is being pitched as a signature foreign policy initiative of President Xi Jiinping. As part of its strategy, China wants to develop ports, roads, railways and energy corridors across South Asia all the way up to Europe and Africa.
