China’s New Silk Road Is Getting Muddy
With the future of U.S.-China relations an open question for the incoming Donald Trump administration, many have focused on whether the president-elect's promise to withdraw from negotiations over the Trans-Pacific Partnership (TPP) will enhance Beijing's growing influence in East Asia. But rather than hand-wringing over TPP's ignominious failure, Asia watchers should turn their attention to China's unprecedented $1 trillion strategic gambit: the Silk Road Economic Belt and the 21st-Century Maritime Silk Road, aka "One Belt, One Road" (OBOR). Launched in 2013 as President Xi Jinping's signature initiative, OBOR holds great promise, as well as potential pitfalls, for both China and its neighbors.