Abstract
China’s One Belt One Road (OBOR) Initiative is a comprehensive economic interdependent relation which aims to increase regional connectivity and is an enhancement of its geopolitical interest for the benefits of herself, Asia, as well as in European states. This paper is an attempt to analyse the advantages and challenges of One Belt One Road Initiative. China has become a significant influence in economic for eighteen out of the last twenty centuries. Today, China has also taken a move forward in turning its economic success into a diplomatic power comparison with other nations in the region. China’s OBOR plan is not only another new path on the Silk Road but a comprehensive and ambitious strategic policy for Eurasia. Through this viewpoint, the scope of China’s short-and long-term priorities may be inferred, including internal development, steady economic growth, deepened change, and opening up to the outside world. In turn, the same policy presents China with an ability to strengthen its soft power, improve ties with its neighbours, oil stability, and cooperative partnerships with government, as well as cooperation in global governance bodies and contributors to the global economy. This paper employed the qualitative methods. The findings of this research are The OBOR Initiative able to generate higher economic revenue to China and within the region through various of projects as well as encourage a better flow of trade goods, increase investment, and connects people. Also, the initiative could strengthen the economic cooperation between China and participating states. The OBOR Initiative provides an avenue to its government to establish a series of relations with participating states. As a result, these relations have created a positive impact on trade flow and integration not only in ASEAN but also towards other nonparticipating states. Thus, such connections create higher international trade which ultimately increased Chinese and participating states economic revenue.
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