Belt and Road Initiative(BRI)
BRI also known as the One Belt, One Road (OBOR).
It is a global infrastructure development strategy adopted by the Chinese government in 2013
This is to invest in and build up physical infrastructure projects across the world.
The BRI is focused on improving connectivity and cooperation between China and other countries in Eurasia, Africa, and Latin America.
The initiative has six main corridors:
New Silk Road Economic Belt: This corridor runs from China through Central Asia and Russia to Europe.
Belt and Road Initiative(BRI)
Maritime Silk Road: This corridor runs from China along the coast of Southeast Asia, South Asia, and the Middle East to Africa.
China-Mongolia-Russia Economic Corridor: This corridor runs from China through Mongolia to Russia.
New Eurasian Land Bridge: This corridor runs from China through Kazakhstan, Russia, and Belarus to Europe.
China-Pakistan Economic Corridor (CPEC): This corridor runs from China through Pakistan to the Gwadar Port in the Arabian Sea.
Belt and Road Initiative(BRI)
Bangladesh-China-India-Myanmar(BCIM) Economic Corridor: This corridor runs from China through Bangladesh, India, and Myanmar to the Bay of Bengal.
BRI has been criticized Its potential to create debt traps for countries that participate in it.
BRI estimated that the initiative could generate up to $29 trillion in economic activity by 2040.
The BRI could also help to reduce poverty and inequality in developing countries.
BRI also has the potential to create new geopolitical tensions.
Belt and Road Initiative(BRI)
The initiative could be seen as an attempt by China to extend its influence around the world.
Additionally, the BRI could lead to increased competition for resources between China and other countries.
Overall, the BRI is a complex and ambitious initiative with the potential to have a major impact on the global economy and geopolitics.
COMMENTS