China's Military Parade: What's Next?
A closer look at China's recent military parade and its implications for the country's global position.
Belt and Road Initiative News and Analysis
About Belt and Road Initiative
The **Belt and Road Initiative (BRI)** is a vast global infrastructure and investment program launched by China in 2013 under President Xi Jinping, aiming to revive and expand the historic Silk Road trade routes that connected Asia, Europe, and Africa. It seeks to foster economic growth and connectivity by investing in infrastructure, such as railways, highways, power grids, ports, and real estate, across over 150 countries and international organizations through six overland economic corridors and the 21st Century Maritime Silk Road[1][6][7]. BRI’s core objectives include closing the infrastructure gap in participating regions—primarily Asia, Africa, and Central and Eastern Europe—while promoting trade, investment, and regional integration. It also helps China export excess industrial capacity and stimulates demand for Chinese goods and services by financing infrastructure projects involving Chinese firms and expertise[1]. The initiative covers about 65% of the world’s population and 40% of global GDP as of recent years[1]. Key achievements include large-scale infrastructure developments in energy, transportation, and manufacturing sectors, with record engagement in 2025 reaching $123 billion in contracts and investments, notably in green energy such as wind and solar, alongside traditional fossil fuel projects[2][4]. Africa, Central Asia, and the Middle East have been major beneficiaries, exemplified by Nigeria’s $20 billion gas industrial park investment[2]. Despite its scale, BRI faces challenges from geopolitical tensions, debt sustainability issues, and shifts in global finance and climate policies. Countries like Italy and Panama have exited, reflecting some opposition and strategic recalibrations[3][7]. The initiative is adapting by increasing cooperation with multilateral development banks, emphasizing green and digital projects, and managing debt risks to ensure sustainable growth through 2030[3]. Notably, BRI has reshaped global infrastructure investment, extending China’s economic influence worldwide, while sparking debate over its geopolitical implications and long-term viability in a rapidly changing global landscape[6
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