Belt and Road Initiative (BRI)

The Belt and Road Initiative (BRI, or B&R, known in Chinese and formerly in English as One Belt One Road (Chinese: 一带一路) or OBOR for short, is a global infrastructure development strategy adopted by the Chinese government in 2013 to invest in nearly 70 countries and international organizations. It is considered a centerpiece of Communist Party of China general secretary and President Xi Jinping’s foreign policy, who originally announced the strategy as the “Silk Road Economic Belt” during an official visit to Kazakhstan in September 2013. “Belt” is short for “Silk Road Economic Belt”, referring to the proposed overland routes for road and rail transportation through the landlocked Central Asia along the famed historical trade routes of the Western Regions; whereas “road” is short for “21st Century Maritime Silk Road”, referring to the Indo-Pacific sea routes through Southeast Asia to South Asia, Middle East and Africa. The initiative was incorporated into the Constitution of the People’s Republic of China in 2017. The Chinese government calls the initiative “a bid to enhance regional connectivity and embrace a brighter future”. The project has a target completion date of 2049, which will coincide with the centennial anniversary of the People’s Republic of China’s founding. Some observers and skeptics, mainly from non-participant countries, interpret it as a plan for a sinocentric international trade network.

Digital Trade

Digital trade spurs growth in Belt and Road partner countries

Digital trade spurs growth in Belt and Road partner countries * The total added value of the digital economy in 47 major countries around the world hit 38.1 trillion U.S. dollars in 2021, with the sca...

Hainan

CPEC capitalizes on Pakistan’s ideal location at crossroads of regional markets: Haque

Pakistan is a proud partner of Belt and Road Initiative (BRI) through its flagship programme of China Pakistan Economic Corridor (CPEC) which capitalizes on Pakistan’s ideal location at the crossroads...