"One Belt and One Road" is the top priority over Chinese national strategy this year. ANBOUND research team has warned the government against the projectization of “One Belt and One Road”. However, such a trend is more and more obvious now. With the increasing pressure of economic slowdown, various levels of local governments want to seize the “One Belt and One Road” opportunity to revive its economy. In this context, “One Belt and One Road” might be bubblization.With the implementation of “One Belt and One Road”, the risk of the Projectization and bubblization is worthy of calm consideration.