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One Belt, One Road not 'by China, for China'

Speakers at regional business forum say the benefits that the initiative brings to China don't negate the positive impact it can have on other countries

Published Wed, Aug 17, 2016 · 09:50 PM

Singapore Business Federation

Singapore

PANELLISTS at the Singapore Regional Business Forum on Tuesday said that even though the One Belt, One Road (OBOR) development framework and setting up of the new Asian Infrastructure Investment Bank (AIIB) are often seen as China-driven initiatives for China's own benefit, this is not very true.

In fact, the Chinese government has been trying to promote both as regional platforms, and AIIB has already begun funding projects in neighbouring countries like Bangladesh and Pakistan.

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