SINGAPORE (Apr 9): How did the One Belt One Road (OBOR) policy develop? To a significant extent, it grew out of the global financial crisis in 2008. It was a response to the question of what to do with China’s foreign currency reserves. The solution dovetailed neatly with President Xi Jinping’s broader narrative around improving China’s position at the tables where global rules were formulated and administered.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $4.99/month*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

SUBSCRIBE NOW