China is becoming more powerful all the time. Just how powerful would surprise most Americans.
China proposed the Belt and Road Initiative (BRI) in 2013 to improve connectivity and cooperation on a transcontinental scale.
If you’re interested in more details download the pdf below.
How Big Is The BRI?
By many measures, China’s Belt and Road Initiative has been a monumental success.
Since 2013, when China launched the effort to expand trade links, more than 130 countries have signed deals or expressed interest. The World Bank estimates some $575 billion worth of energy plants, railways, roads, ports and other projects have been built or are in the works.
But President Xi Jinping’s signature effort has also come in for criticism, including accusations that China is luring poor countries into debt traps for its own political and strategic gain. The mixed reviews abroad and worries at home about the cost have led China into something of a reboot as it tries to increase transparency, improve project quality and reduce financial risks.
Below is a graphic depicting the land roads and maritime routes the Belt and Road Initiative will take. The maritime routes are already in operation.
China’s overall ambition for the BRI is staggering. To date, more than sixty countries—accounting for two-thirds of the world’s population—have signed on to projects or indicated an interest in doing so.
Analysts estimate the largest so far to be the estimated $60 billion* China-Pakistan Economic Corridor, a collection of projects connecting China to Pakistan’s Gwadar Port on the Arabian Sea.
In total, China has already spent an estimated $200 billion on such efforts. Morgan Stanley has predicted China’s overall expenses over the life of the BRI could reach $1.2–1.3 trillion by 2027, though estimates on total investments vary.
And it continues…
Experts see the BRI as one of the main planks of a bolder Chinese statecraft under Xi, alongside the Made in China 2025 economic development strategy.
For Xi, the BRI serves as pushback against the much-touted U.S. “pivot to Asia,” as well as a way for China to develop new investment opportunities, cultivate export markets, and boost Chinese incomes and domestic consumption.
“Under Xi, China now actively seeks to shape international norms and institutions and forcefully asserts its presence on the global stage,” writes CFR’s Elizabeth C. Economy.
This last statement is the most terrifying of all…. China is seeking to “… shape international norms and institutions and forcefully assert its presence on the global stage..”
Well, they’ve already led the way on the 2020 covid Plandemic… what’s to come?
The answer is undoubtedly much, much more.
Read more here…
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