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OBOR

USA00000IMG 00000 BURST20190107130637518 COVERAs China's economic power grew in the 21st Century so did her geopolitical ambitions. But Beijing overreached. And this will have significant consequences for the future of China, says Joseph E Fallon.

By investing between one and eight trillion dollars in the "One Belt, One Road" Initiative (OBOR, also known as the Belt and Road Initiative, BRI), Beijing sought to elevate China to the world's leading economy by financing land and sea projects, such as airports, pipelines, roads, railroads, sea ports, and shipping lanes, to link the infrastructures and economies of Asia, Africa, and Europe to China.

Beijing has focused especially on building or buying interest in ports. In "China's Trojan Ports", The American Interest, November 19, 2018, John Lee wrote: "It is estimated that state-backed Chinese investors state own at least 10 percent of all equity in ports in Europe, with deals inked in Greece, Spain, Italy, France, the Netherlands, and Belgium...[including]...a 35 percent stake in the Euromax terminal at Rotterdam, a 20 percent stake in the Port of Antwerp (Europe's two busiest ports)...This is in addition to a growing investment portfolio of at least 40 ports in North and South America, Africa, the Middle East, Eastern Europe, Central Asia, South and Southeast Asia, Australia and the Pacific."

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