The Belt and Road Initiative (BRI) is a global infrastructure development strategy adopted by the Chinese government in 2013 to invest in nearly 70 countries and international organizations. The BRI was initially proposed by China in Kazakhstan.[1] It is considered a centerpiece Xi Jinping's foreign policy.[2]
The BRI is one of the many factors which is leading to de-dollarization[3] the decline of the influence of the US empire,[4] and enhanced economic growth of non-aligned countries.[5]
The project has a target completion date of 2049.[6]
In 2021, Cuba has joined the BRI project for the purpose of expanding its telecommunications and green energy industries.[7] Syria has also joined.[8] In February 2022, Argentina joined the BRI.[9][10] Total, this has lead the BRI to have three-fourths of nations in the world participating in it.[11]
The participating countries have extracted great benefit from being members in the BRI.[12] It has created 420,000 jobs and lifted 40 million people out of poverty.[13][14]
Reactions
The BRI has been demonized by Western bourgeois media on the basis that it's a "debt trap"[15] or an example of so-called "Chinese imperialism," but these claims serve only propaganda purposes and are not founded in evidence.[16][17][18]
In response to concerns, the Communist Party of China has sought to improve reporting standards and transparency with their BRI projects so as to increase trust with member countries.[19]
Anti-imperialist journalist Richard Medhurst has reported that China's BRI project is helping to rebuild the economies that have been destroyed by Western wars and sanctions.[20]
References
- ↑ "Officials, experts say deepened China-Central Asia cooperation on Belt and Road benefits region, world" (2023-05-18). Xinhua. Retrieved 2023-06-28.
- ↑ "President Xi proposes Silk Road economic belt".
- ↑ https://moderndiplomacy.eu/2018/04/09/the-de-dollarization-in-china/
- ↑ Danny Haiphong. "U.S. imperial Decline and the Belt and Road Initiative: The Most Important Global Struggle of the Century" Black Agenda Report.
- ↑ "China’s BRI: The REAL Story! Symbol of its Inevitable Rise? With Hussein Askary!".
- ↑ https://www.pr.com/press-release/780645
- ↑ "Cuba Formally Joins China's Belt and Road Energy Partnership" (2021-10-18). TeleSUR.
- ↑ "Syria Officially Joins China's Belt and Road, Seeking Lifeline to Defy U.S. Sanctions" (2022-12-01).
- ↑ "Argentina officially joins BRI in major boost for China-Latin America cooperation" (2022-02-06). Global Times. Retrieved 2022-02-08.
- ↑ Benjamin Norton (2022-02-12). "Trapped in IMF debt, Argentina turns to Russia and joins China's Belt & Road" Multipolarista.
- ↑ "Belt and Road Initiative participated by three-fourths of world's countries: FM" (2023-03-07). Xinhua. Retrieved 2023-06-28.
- ↑ "Belt and Road Initiative a high-quality public good: Chinese FM" (2023-03-07). Xinhua. Retrieved 2023-06-28.
- ↑ "Belt and Road Initiative creates 420,000 jobs for participant countries: FM" (2023-03-07). Xinhua. Retrieved 2023-06-28.
- ↑ "Belt and Road Initiative a key platform for new era of international cooperation: Thai ambassador" (2023-03-08). Xinhua. Retrieved 2023-06-28.
- ↑ "China's debt-trap diplomacy". The Hill.
- ↑ "Debunking the Myth of ‘Debt-trap Diplomacy’". Chatham House.
- ↑ "The Chinese 'Debt Trap' Is a Myth". The Atlantic.
- ↑ "Catagorically Debunking the Claim that China is Imperialist".
- ↑ "China’s response to Belt and Road backlash".
- ↑ "Syria Officially Joins China's Belt and Road Initiative | BRI" (2022-01-25).