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The Belt and Road Initiative: China¡¯s vision for globalisation, Beijing-style

China¡¯s Belt and Road Initiative (BRI) is a multifaceted economic, diplomatic and geopolitical undertaking that has morphed through various iterations, from the ¡°New Silk Road¡± to ¡°One Belt One Road¡±.


The BRI imagines a US$1.3 trillion Chinese-led investment program creating a web of infrastructure, including roads, railways, telecommunications, energy pipelines, and ports. This would serve to enhance economic interconnectivity and facilitate development across Eurasia, East Africa and more than 60 partner countries.


First proposed in September 2013, it is the signature foreign policy initiative of Chinese President Xi Jinping. It is a project of unprecedented geographical and financial scope.


BRI has two primary components: the overland Silk Road Economic Belt (SREB), and the sea-based 21st-century Maritime Silk Road (MSR). Together, they form the ¡°belt¡± and ¡°road¡±.


SREB¡¯s overland infrastructure network encompasses the New Eurasia Land Bridge and five economic corridors: China-Mongolia-Russia; China-Central Asia-West Asia; China-Pakistan; the China-Indochina peninsula; and Bangladesh-China-India-Myanmar. The SREB¡¯s connective sinews will be high-speed rail and hydrocarbon pipeline networks.


The MSR is focused on developing key seaports that connect to land-based transportation routes.

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