The "One Belt and One Road" Initiative is a significant development strategy launched by China to promote economic cooperation among countries along the Belt and Road routes in three continents. It has been structured to enhance the free-flow of economic factors and to create a regional economic co-operation framework, benefiting all participants. An infrastructure fund was setup to kick-start the project and the recent establishment of a new multilateral development bank (MDB)
, may also provide additional resources. (Source: HKDTC)
The development of such projects along the "One Belt, One Road" will not be an easy task. There will be significant challenges and risks in its implementation. Proper due diligence will need to be undertaken on potential partners and projects. A deep understanding of operating environment and local practice will be required.