China’s Belt and Road Initiative: Options for South Asian Region- India, Pakistan and Sri Lanka
Asian Resonance (P: ISSN No. 0976-8602
RNI No.UPENG/2012/42622 VOL.-7, ISSUE-2, (Supplementary Issue)- April-2018 E:
ISSN No. 2349-9443)
Abstract
Lecturer, School of Studies in Political Science & Public Administration, Vikram University, Ujjain, M.P., India
Sami Ullah Bhat
Research Scholar, School of Studies in Political Science & Public Administration, Vikram University, Ujjain, M.P., India
China‟s Belt and Road Initiative is one of the President Xi Jinping‟s most determined foreign and economic policies which aims to strengthen Beijing‟s economic leadership through a vast program of infrastructure building throughout China‟s neighboring regions. The Chinese government wants to use Belt and Road Initiative which is also known as One Belt One Road (OBOR) as a platform to address the country‟s prolonged surplus capacity. It is more about migrating surplus factories than dumping the excess products. One of the least understood aspects of OBOR is Beijing‟s desire to use this initiative to export China‟s technological and engineering standards. In this research paper, an attempt has been made to analyze and explain the exact nature of China‟s Belt and Road Initiative and a trial has been made to examine the funding and investment policy and particularly what will be the options of this initiative for South Asian region especially for India, Pakistan and Sri Lanka.
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