Fifteenth International Conference on Interdisciplinary Social Sciences

Abstract

The renewal of ancient Silk Road strategy into the One Belt One Road (OBOR) Strategy or the new Silk Road project signals China’s ambitious approach to global issues and challenges. Belt and Road initiatives focus on improving connectivity and economic cooperation amongst the participating countries. The policy is significant for China since it aims to boost domestic growth in the country and its strategy reflects China’s profound desire to take a bigger role in global affairs with a China-centric economic network. China observed that the belt and road initiative will profusely bring about infrastructural ties and will reduce physical and regulatory barriers to trade by meeting the universal standards, also the project will help China to address the excess capacity of industrial production that can be eventually exported to Belt and Road initiative(BRI) countries. This paper analyzes the ambitious project of China and its responses by the neighbor particularly India. India and China are two competing powers with rising influence, given their physical proximity they are bound to oppose each other in strategic areas where the New Silk Route project was not an exception. India’s contention with China and the China-Pakistan Economic Corridor (CPEC) is also critically examined in this paper.