Why is the Belt and Road Initiative important?

The Belt and Road Initiative will make it significantly easier to transport raw materials and individual components that are then used to produce finished products for industrial and commercial use, as well as for individual consumers.

Why is China’s Belt and Road Initiative important?

The Belt and Road Initiative in Asia China views the BRI as vitally important in securing its borders on the Asian mainland. Belt and Road investments are viewed as a way to facilitate China’s ‘periphery diplomacy’ – trade and infrastructure partnerships with the countries along this enormous land border.

How does Belt and Road Initiative work?

The Belt and Road Initiative is one of China’s most ambitious projects. It involves partnering with dozens of countries around the world through trade and infrastructure projects, such as shipping lanes, railroads, and airports. Supporters say it’s a way for China to invest in emerging markets and strengthen ties.

What is China’s belt and Road Initiative?

Key Findings •In 2013, Chinese President and General Secretary of the Chi- nese Communist Party Xi Jinping inaugurated the Belt and Road Initiative (BRI), his signature economic and foreign policy project designed to finance and build infrastructure and con- nectivity around the world, with a focus on Eurasia and the Indo-Pacific region.

What is China’s BRI?

The BRI is best summarised by President Xi: “China will actively promote international co-operation through the Belt and Road Initiative.

How much does the Asian Development Bank invest in infrastructure?

The Asian Development Bank esti- mates developing countries in Asia collectively will need $26 trillion in infrastructure investment from 2016 through 2030.6Five years on, BRI has expanded to more than 80 participating countries (see Addendum I) that account for about 30 percent of global gross do- mestic product (GDP).7

What countries does the BRI connect?

The sea-based “Road” connects China with South Asia, the Middle East, East Africa, and Europe via sea lanes that traverse the South China Sea, Indian Ocean, Red Sea, Suez Canal, and Eastern Mediterranean (see Figure 1).4However, BRI’s ambi- tions are not confined to just two geographic paths.