The Silk Road Economic Belt and the 21st-Century Maritime Silk Road, also known as the Belt and Road Initiative (BRI) or One Belt, One Road (OBOR), is a development strategy, proposed by the President of China, Xi Jinping. This strategy focuses on connectivity and cooperation between the East and the West, from Asia to Europe via Southeast Asia, South Asia, Central Asia, West Asia, and the Middle East. It seeks to enhance the orderly free-flow of economic factors and the efficient allocation of resources by expanding business cooperation between the People's Republic of China and the rest of the OBOR countries and districts. The strategy underlines China's push to take a bigger role in global affairs and its ambition to boost trade and stimulate economic growth across Asia and beyond.
The purpose of the Annual Belt Road Initiative Summit is to provide a forum where leading international scholars, practitioners, industry professionals, and policy-makers can come together to present and discuss current developments concerning OBOR, the challenges facing it, and its future directions.