Xi Jinping, president of China and Communist Party chief, during his visit to Central Asia and Southeast Asian countries in September and October 2013, has proposed to build the "Silk Road Economic Zone" and "21st Century Maritime Silk Road", which means "One Belt and One Road". The initiative is to promote regional economic integration and to accelerate narrowing the regional development gap, in addition, this initiative also focus on promoting cooperations and developments inside China and with other countries. Using these bilateral resources and markets effectively, to expand the global economic and trade territory and control the regional economic dominance.
However, it also has some negative effect to other regional economies’ existing interests and the distribution of power, which include weakening Russia''s influence to the Central Asian and limit the strategic development of India in the Indian Ocean space. It also bring some uncertainties of the political and economic situation to the United States, Japan and other non-participating countries.
Taiwan, which is surrounded by " One Belt and One Road ", is inevitably affected by this economy. If the policy, which is made by our government, are appropriate, it may help broaden the economic and trade market for Taiwan. However, if Taiwan government joins this initiative, our level of participation and the visibility in the international community may depends on China’s “mood”.
On the other hand, there are many challenges during the process of the implementation of the policy. There are about 68 countries participate in this initiative, the relevant countries have traditional geopolitics, ethnic, religious, cultural, institutional and other contradictions of the region, and also have the most serious security problems in the region. Besides, the country''s trade policy and investment environment are different, the border authorities have low efficiency and corruption behavior, obstruct the enterprises’ investment in the " One Belt and One Road " seriously. Except need to face these non-traditional potential security risks and investment challenges, " One Belt and One Road " also need to cope with the problems from China''s domestic enterprises ,such as the non-benign competition under the investment operation. The investment overseas for China started late and lack of the investment experience. Viewed from the domestic coordination mechanism, the Chinese enterprises have many difficulties in going abroad, but the fundamental factor is hard to coordinate, and all the factors will bring uncertainty factors to the development of China''s " One Belt and One Road ".