Belt and Road Initiative : what's in it for China?

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2019-11-01
Authors
Anwar, Anu
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Honolulu, HI : East-West Center
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China's Belt and Road Initiative (BRI) plays several important roles. Within China, infrastructure projects are designed to integrate the nation's underdeveloped and wealthy regions. They also provide an outlet for Chinese companies' excess construction capacity, and they contribute to the positive image of Chairman Xi and the Communist Party. Overseas, BRI projects are part of an effort to develop alternative transportation routes for energy and other critical Chinese imports. They also extend the Chinese government's political and economic influence and enhance China's image as a global leader. Finally, BRI projects expand the use of the Chinese yuan as a global currency.
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