Description:
Five years since it was announced, China’s massive Belt and Road Initiative (BRI) has yet to materialize on the ground as promised.
According to Chinese officials, the BRI includes six economic corridors that will carry goods, people, and data across the Eurasian
supercontinent. But a statistical analysis of 173 infrastructure projects finds that Chinese investment is just as likely to go outside
those corridors as within them. The BRI appears to be less coordinated than Beijing hopes and some critics fear. Since President Xi Jinping announced it five years ago,
China’s BRI has been equally captivating and frustrating
for analysts. Its sheer scale demands attention. Spanning
roughly 80 countries, it can claim to cover more than twothirds of the world’s population. It could include Chinese
investments approaching $1 trillion, seven times what the
United States spent under the Marshall Plan. It intends
to strengthen hard infrastructure with new roads and
railways, soft infrastructure with trade and transportation
agreements, and even cultural ties with university
scholarships and other people-to-people exchanges. In
all these ways, when much of the West is looking inward,
China is connecting with the world..."
Source/publisher:
"iberchina"
Date of Publication:
2018-09-00
Date of entry:
2019-08-15
Grouping:
- Individual Documents
Category:
Geographic coverage:
- Global
Language:
English
Resource Type:
text
Text quality:
- Good
