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Many other businesses are already involved in OBOR, albeit with a cautious approach. Guang Niu/Reuters

Australia risks missing out on China’s One Belt One Road

Australia has so far declined China’s offer to formally link the Northern Australia project to OBOR. But it risks losing out on trade and investment if the government doesn't take a stronger approach.
Chinese premier Li Keqiang and Russian prime minister Dmitry Medvedev shake hands at a Shanghai Cooperation Organisation meeting, which will help facilitate transparent economic cooperation between Asian countries. China Daily Information Corp/Reuters

China will need to be more transparent to achieve its development goals

China will have to play by international rules on transparency and accountability if it wants to secure its place as a leader for economic development in Asia.

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