Where the twain shall meet

This is from Aug.2017 the economist.

Launched by China in 2013, the One Belt, One Road policy, known as OBOR, has two parts. There is a land-based“belt”from China to Europe, evoking Old silk Road trade paths, then a“road”referring to ancient maritime routes. Since Chinese groups have little experience abroad, their western counterpart offer a technological edge and thorough knowledge of local conditions across the OBOR region, from Tajikistan to Thailand. Not only has China earned much, but also western multinationals, spotting a bonanza. OBOR means a win-win relationship for both parties.

However, the author doesn’t accept the positive point. Once Chinese groups have learned and advanced in the process, the western’s technological edge may lose and lots of business in the OBOR countries may be replaced by Chinese groups. That’s what some executives worry that OBOR may have its downsides in the longer term. Also, China accounts for large part in OBOR projects, seizing much of the profit.