The Belt and Road Initiative (BRI), the new Silk Road, is a master plan proposed by President Xi Jinping of China in 2013.Hailed as “the project of the century” by Xi, it is a comprehensive project that seeks to embrace all aspects of development.
The BRI is a massive trade and infrastructure project that aims to link China — physically and financially — to dozens of economies across Asia, Europe, Africa, and Oceania.
The primary focuses of the BRI — also known as One Belt One Road (OBOR) — are infrastructure, transportation, and energy.
OBOR consists of two parts: The “Belt,” which reinvents the ancient Silk Road land route, and the “Road” which is a route through various oceans.
It is the greatest ever project introduced to the world. Its dimensions are huge.
As Beijing is celebrating the fifth anniversary of the BRI, China has so far invested at least $900 billion in projects along the BRI countries, mainly in infrastructure, transport, and energy.
Win-win game
Chinese officials insist that the BRI is not a zero-sum strategy. They say it is a win-win game.
Chinese have selected the slogan of “Contribution by All, Benefits for All” for the huge BRI project.
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