Belt and Road Initiative

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Map of Transportation routes in the Belt and Road Initiative
Transportation routes in the Belt and Road Initiative

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. It is considered a centerpiece Xi Jinping's foreign policy.[1]

The BRI is one of the many factors which is leading to de-dollarization[2] the decline of the influence of the US empire,[3] and enhanced economic growth of non-aligned countries.[4]

The project has a target completion date of 2049.[5]

In 2021, Cuba has joined the BRI project for the purpose of expanding its telecommunications and green energy industries.[6] Syria has also joined.[7]

Reactions

The BRI has been demonized by Western bourgeois media on the basis that it's a "debt trap"[8] or an example of so-called "Chinese imperialism," but these claims serve only propaganda purposes and are not founded in evidence.[9][10][11]

Communist Party of China has sought to improve reporting standards and transparency with their BRI projects so as to increase trust with member countries.[12]

References