This is how China’s Belt and Road Initiative (BRI) could change global economy as we know it


The recent diplomatic event held in China last May promoted perhaps one of the most ambitious prospected projects of the century, a forum focusing on the controversial Belt and Road Initiative (BRI)— the world-changing development plan that is expected to cost almost $1 trillion.

So what can the world expect from China’s BRI? According to the forum, the goals of the project will be centered on the economic growth and boost in trading for Eurasian countries. However, the proposal has garnered different reactions from the participating countries.

Nonetheless, Chinese President Xi Jinping believes that this massive development campaign of building a substantial number of infrastructure that can connect countries in Asia and beyond has the potential to greatly stimulate economic growth as well as boost trade in and outside the continent.



Oddly, the ‘road’ is not an actual road but a Silk-road like sea route that will link the country’s southern coast to Africa’s eastern ports and the Mediterranean. On the other hand, the ‘belt’ will be overland corridors that will connect Europe and China through Central Asia and the Middle East.  Included in the plans are the building of pipelines as well as ports in Pakistan, railways to Russia and bridges in Bangladesh.

According to a statement by Foreign Minister Wang Yi, the initiative is reminiscent of the ancient Silk Road, a 2000-year grand route operation used by people from different parts of Asia for friendly trade and commerce.

Although it was the first time that it has been officially addressed in a formal forum involving other world leaders, the BRI was launched way back in 2013 through a speech by the President Xi Jinping in Kazakhstan. 

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