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China has announced it will institute a new policy called “One Belt and One Road” (OBOR).

The Silk Road Economic Belt will comprise three routes connecting China to Europe (via Central Asia), the Persian Gulf, the Mediterranean (through West Asia), and the Indian Ocean (via South Asia), according to McKinsey.

More than 60 countries, with a combined GDP of $21 trillion, have expressed interest in participating in OBOR.

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