Tag Archives | Belt and Road Initiative
Infrastructure, Regional Cooperation, Trade

One Belt One Road and the Risks Behind the Win-Win Situation

One Belt One Road and the Risks Behind the Win-Win Situation
The New Silk Road Initiative was originally unveiled by Chinese President Xi Jinping in 2013 and became known as the Belt and Road Initiative (BRI). From the beginning, the initiative was presented as a reestablishment of the trade routes that were successful many centuries ago. The initiative was also a call for partner countries to accelerate transport infrastructure improvements and connectivity to boost trade. Through active diplomacy and intense public relations, 65 countries felt they had to join the initiative with the prospect of Chinese financial assistance.