The Silk Road Economic Belt and the 21st-century Maritime Silk Road, also known as the One Belt and One Road Initiative, (OBOR), The Belt and Road, (B&R) and The Belt and Road Initiative, (BRI, official translation) is a development strategy proposed by Chinese Government that focuses on connectivity and cooperation between Eurasian countries, primarily the People's Republic of China (PRC), the land-based Silk Road Economic Belt (SREB) and the ocean-going Maritime Silk Road (MSR).
The strategy underlines China's push to take a larger role in global affairs with a China-centered trading network. It was unveiled by Xi Jinping in September and October 2013 for SREB and MSR respectively.
The Belt and Road initiative is geographically structured along 6 corridors, and the maritime silk road.
The area of the initiative is primarily Asia and Europe, encompassing around 60 countries. Oceania and East Africa are also included. Anticipated cumulative investment over an indefinite timescale is variously put at US$4 trillion or US$8 trillion. The initiative has been contrasted with the two US-centric trading arrangements, the Trans-Pacific Partnership and the Transatlantic Trade and Investment Partnership.