Explainer | Explained: Belt and Road Initiative

  • Supporters laud it as a bold initiative that fulfils the needs of emerging markets for infrastructure investment
  • But critics warn of a lack of transparency and sustainability, while some countries have re-evaluated deals

Security forces near a sign that reads “First Pakistani Branch in China” in Gwadar. Photo: Bloomberg
The “Belt and Road Initiative” is a vast China-centred strategy to grow global trade that involves dozens of countries and more than US$1 trillion in investment.

It spans Asia, Europe and Africa, although projects in other regions have also been named under its banner.

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