China’s Belt and Road Initiative (BRI)
China’s BRI is an externally oriented development program designed to increase China’s influence and investments in countries around the world and to expand international markets for Chinese products. The project aims to solidify China’s global footprint and increase its economic and strategic power. BRI, formally launched in 2013, is far from being a new concept. It is rather a culmination and rebranding of previous policies and projects aimed at creating a Chinese sphere of geopolitical and economic influence. Chinese political leaders call it the “project of the century” and have included it into the nation’s constitution. While BRI is the most ambitious geo-economic project in recent history, it has ...
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