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The Implication of China’s Belt and Road Initiative and Its Prospects
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Abstract
Originally dubbed the One Belt One Road Initiative (OBOR), the Belt and Road Initiative (BRI) was China's 2013 global infrastructure plan to invest in over 150 nations and international organisations. It connects countries together and improved many infrastructure facilities. Now the BRI has passed its ten-year anniversary, within new socioeconomic status around the globe, China must develop new strategies to let the BRI to impact other countries successfully and positively. In the future, the BRI is likely to be influenced by five factors: China’s current economy flow, the economy in Europe and Indo-pacific areas, other countries’ viewpoint on the BRI, the feasibility and effectiveness of Western alternatives and how popular and attractive the existing BRI projects are. The most important factor is that the goal of BRI is to create a community with a shared future of mankind, it is important to let other countries to understand this value and jointly build the BRI in the future.
Keywords
Belt and Road Initiative, China, BRI prospetcs, global development
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Cite this article
Huang,S. (2024). The Implication of China’s Belt and Road Initiative and Its Prospects. Advances in Economics, Management and Political Sciences,79,182-187.
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