Belt and Road Initiative

From ProleWiki, the proletarian encyclopedia
Jump to navigation Jump to search
Map of Transportation routes in the Belt and Road Initiative
Transportation routes in the Belt and Road Initiative

The Belt and Road Initiative (BRI, or B&R), known in Chinese and formerly in English as One Belt One Road or OBOR for short, 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 of Communist Party of China general secretary and paramount leader Xi Jinping's foreign policy.[1][2]

The BRI is one of the many factors which is leading to de-dollarization, the transition away from the dependence on the US dollar as a global reserve asset and means of exchange.[3]

The project has a target completion date of 2049.[4]

References

  1. "President Xi proposes Silk Road economic belt". China Daily. Astana. Xinhua News Agency. 7 September 2013. Archived from the original on 9 March 2020.
  2. "President Xi Jinping Delivers Important Speech and Proposes to Build a Silk Road Economic Belt with Central Asian Countries". Ministry of Foreign Affairs of the People's Republic of China. 7 September 2013. Archived from the original on 17 October 2020.
  3. https://moderndiplomacy.eu/2018/04/09/the-de-dollarization-in-china/
  4. https://www.pr.com/press-release/780645