Given their size in terms of vast geographical area, large population, sizeable gross domestic product (estimated in PPP) and a large standing army, both India and China are widely expected to help shape the emerging 21st century world order. While china has already raced ahead in terms of economic growth, India is currently the fastest growing large economy in the world. China has emerged as India’s largest trading partner in recent years. The two neighbours share a vast disputed boundary between them. They have gone to war once in 1962 over the boundary issue. At the same time, as developing societies, they share common concerns pertaining to world economic order and environmental justice. Given the complexity of their relationship, an understanding of the mind-set as well as the extent and nature of engagement of elites/ leading socio-economic groups across the two neighbours and their response to global issues, acquires a critical importance for ensuring global growth and peace. The Department of Business Economics, University of Delhi South Campus, has taken an initiative to bring the Indian Academia, Diplomats, Social Activists and thinkers, industry associations and entrepreneurs, and Policy Makers together for a sustained debate and discussion on China’s rise and its implications for the world as whole. The seminar was entitled ‘Is Belt-Road-Initiative of China a geo-economic strategy aimed at empire building?’ The focus of the debate was to examine some of the following issues: Is BRI a new growth strategy using globalization as an opportunity and old Silk Route as a brand to build Chinese centric 21st century Empire? Are Chinese attempts at building a new International Financial Architecture a step towards creation of Chinese hegemony? How serious and justified are the strategic and security concerns of India and other Asian countries in China's neighbourhood? How threatening and damaging are the Maritime Silk Road and creation of naval bases in the Indian Ocean to India and other littoral countries? How about the business interests of Indian business partners? Are they expecting any economic gains in terms of business opportunities, Investments and jobs for Indians? Are the proposed Asia-Africa Growth Corridor and other maritime initiatives undertaken by India an effective balancing strategy? Will the new form of Atlantis versus Eurasian Geopolitics be of some help to the world in overcoming the problem of poverty, poor infrastructure, energy shortage, degradation of environment, and climate change?