President Xi Jinping first presented China’s vision for a “Silk Road Economic Belt” during a 2013 speech in Kazakhstan. The idea was to “forge closer economic ties, deepen cooperation, and expand development in the Euro-Asia region”. In early 2015, the contours of Beijing’s strategy began to emerge as China’s leadership laid out plans for this “Silk Road Economic Belt” through Central Asia, and a “21st Century Maritime Silk Road” through Southeast and South Asia. China referred to both collectively as “One Belt, One Road” (OBOR).
Why 2016 was the year of black swans
While black swan events generally have a negative connotation, some of them might be the harbinger of more positive developments in the long run