Belt And Road Initiative: Why China Pursues It – Analysis

Description: 

"As BRI is now enshrined in the Communist Party Charter as Xi’s signature foreign policy initiative, a failure could undermine the legitimacy of the party itself. After spending billions of dollars abroad, failure could lead to a challenge of Xi’s authority. By Anu Anwar* Originally announced by Chairman Xi Jinping in 2013 as the One Belt One Road initiative (一带一路 ), which is still the name used in China and in the Chinese language, China simplified the English translation of this project to the Belt and Road Initiative (BRI). While OBOR implied two routes, a maritime road through the Indian Ocean and a land belt across central Asia, in reality, there are multiple and growing interconnected global networks. In addition, the name BRI tries to counter the critical narrative that both routes go only to Beijing. The BRI aims to bolster China’s connectivity with the world. It combines old and new projects, covers an extended geographic region, and includes efforts to strengthen hard and soft infrastructure development, investment, and cultural ties. At present, the initiative extends to 138 countries with a combined gross domestic product of US$23 trillion and includes some 4.4 billion people..."

Source/publisher: 

"Eurasia Review"

Date of Publication: 

2019-10-31

Date of entry: 

2019-11-03

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar, China

Language: 

English

Resource Type: 

text

Text quality: 

    • Good