Why Asia-Analytica Is Skeptical on One Belt, One Road

The One Belt One Road initiative aims to create reliable alliances and improve connectivity between China and Europe. Despite media hype, the project is in its early stages, with state-owned banks leading the charge. Private sector involvement is limited due to concerns about risk and viability. The initiative includes plans for rail and shipping infrastructure, but faces challenges due to differing regulations across 65 countries. A notable issue is the rail link into Europe, which has encountered problems due to EU regulations requiring public tenders.

What are the potential benefits of the rail connectivity proposed in the One Belt One Road initiative?

Discuss the significance of the 'string of pearls' concept in relation to the One Belt One Road initiative.