One Belt, One Road, One World: A Union of International Opportunities
The China Business Studies Initiative (CBSI) hosted a forum on “One Belt One Road” (OBOR) on September 1. OBOR, according to Xiaohua Yang, Director of CBSI and Professor of International Business at USF, explained that the goal of OBOR involves China “[expanding] trade and investment ties with Asia, Europe, and Africa.” This unique forum would “help USF students and the Bay Area community better understand the history and nature of OBOR and what it means to businesses,” said Yang. The speakers at the event delved into the opportunities that OBOR has to offer, which primarily involve exploring U.S. and China investment relations.
“For students, USF focuses on developing students' global outlook and skills working in culturally diverse environments,” said Yang. “OBOR may create many business opportunities in countries that are part of OBOR, and in 10 years time, our students may see themselves working in one of the OBOR countries."
Having a deep understanding of (One Belt One Road) and the opportunities OBOR brings today may serve our students well tomorrow.” ~Xiaohua Yang, Director of CBSI
Along with China’s goals for expanding trade in other countries throughout Asia, Europe, and Africa, Yang assures that “EuroAsia is of strategic importance to U.S. multinationals.” With the expansion and success of OBOR will arise a multitude of business opportunities due to the thriving infrastructure. “Improvement in infrastructure could lead to economic growth, increased communication, and international trade and investment that in turn could stimulate industry and consumer demands for many products that U.S. firms can provide,” explained Yang.
“I think we should work for one world--I believe we have one world to share,” said Deputy Chinese Consulate General of San Francisco Faqiang Ren. He explained to the crowd how OBOR was the initiative of the new century, and that it is a “win-win strategy” that will benefit all by allowing the countries to learn from each other, enhance communication, and engage in exploration.
For more information about CBSI's spring semester Beijing Conference, visit the China Business Studies Initiative online.
By Lonny Wysard