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Here’s what to know. Total Belt and Road Initiative (BRI) investments have already surpassed $1 trillion. Image: REUTERS/Tyrone Siu. China officially announced the Belt and Road Initiative (BRI) in 2013. The massive infrastructure project aims to connect multiple continents across land and sea. So far, over 200 BRI cooperation agreements have ...
China’s Big Four state-owned banks extended an estimated $90 billion in loans to the economies related to the initiative last year alone. The Asian Infrastructure Investment Bank, which was launched in January 2016, has authorized capital of $100 billion. $20 billion will be paid-in capital from 80 shareholders, of which China is the largest ...
Geopolitics. There are two things everyone needs to know about the Belt and Road. First, as officials in Beijing will tell you, this grand project is measured in decades, with its conclusion planned for 2049, the centenary of the founding of the People’s Republic of China. Second, the initiative is both global and revolutionary.
The Silk Road calls to mind an image of the distant past, where traders traversed the vast expanse of Eurasia in pursuit of silk, spices and various other commodities. Today, China is attempting to revive these once forgotten routes as part of Xi Jinping’s signature Belt and Road Initiative (一带一路倡议: BRI).
The Belt and Road Initiative is the most ambitious template for inter-regional trade and development ever. If its future expansion is built on the pillars of sustainability, inclusiveness, and resilience, it could potentially become the greatest contributor to economic and social development ever. To strengthen globalization, intra- and inter ...
China has been advocating for the EU’s involvement in the project since 2013. We believe it is in the EU’s interest to actively take part in the initiative and push for more emphasis on cooperation in transportation and infrastructure. This makes sense, as it stands at the other end of the road from China and there are clear gains to be made.
The prime example of a cross-border energy infrastructure project being used to advance geopolitical objectives is China’s Belt and Road Initiative (BRI), launched by President Xi Jinping in 2013. It aims to connect Asia, Europe and Africa through trade and infrastructure routes and covers more than 65 countries with a combined population of ...
A surge in Belt and Road Initiative projects deploying low carbon technologies would be in line with China’s September 2021 pledge to “step up support for other developing countries in developing green and low-carbon energy and not build new coal-fired power projects abroad”.
The unsustainability of these debts has fuelled suspicions about China’s avowed intention of “community and shared destiny” in funding these projects. On top of that, almost 89% of the BRI contractors are Chinese companies. BRI’s foggy definition and the ambiguity over its long-term objectives have also raised questions.
Globalization 4.0. COVID-19 has affected the world in an unprecedented way. This includes China's Belt and Road Initiative (BRI) that looks at globalising Chinese investment. This article covers the biggest changes to BRI, including a change in supply chains, the digitizing of the BRI itself and the rise of private sector involvement.