201. The Mixed Record of China’s Belt and Road Initiative
- Author:
- Thomas J. Duesterberg
- Publication Date:
- 10-2022
- Content Type:
- Special Report
- Institution:
- Hudson Institute
- Abstract:
- China’s Belt and Road Initiative (BRI), a signature program of Xi Jinping, has had undoubted success in supporting Xi’s ambitions to reestablish China as a global leader while strengthening its mercantilist economy. Nonetheless, developed and developing countries are reconsidering the program because of its success—largely for China itself—and because of the global economic and political crises since the onset of the COVID-19 pandemic. BRI also has increasingly visible problems caused by its operating structure, prompting participants and developed countries whose geoeconomic and geopolitical interests are undermined by the program’s expansion to reassess it. Continued BRI growth is at best questionable and probably unlikely in the wake of growing pushback to the program as well as growing problems inside China itself.`
- Topic:
- Economics, Infrastructure, Belt and Road Initiative (BRI), and Xi Jinping
- Political Geography:
- China and Asia