China’s Belt and Road initiative: A new way for global development

IT’S appropriate that at the outset of an ambitious and well-intentioned global initiative, we in the Times should join in welcoming and commending the One Belt, One Road (OBOR) initiative of China, which was launched yesterday in Beijing.

For sheer grandeur and size, the only thing comparable to China’s trade initiative, which takes its inspiration from the ancient Silk Road trading route, is probably the quadrennial Olympics, and the also quadrennial World Cup.