One Belt One Road Europe
Manzhouli in the Chinese province of Inner Mongolia is becoming a major hub of the new Silk Road. The city has long been a place of exchange between China, Russia and Mongolia, but the OBOR project has strengthened its position.
Chinese President Xi Jinping invited Theresa May, British Prime Minister, to the One Belt One Road initiative summit to be held in Beijing in early May. Some twenty heads of state, including the presidents of Russia, Philippines and the prime
Fitch ratings issued a report in late January 2017 warning about the possible risks of financing OBOR projects for Chinese banks. Authors of this report acknowledge that projects supported by OBOR will ensure the modernization of infrastructure in some Asian