China's BRI initiative
China's BRI initiative
BRI is one of the most ambitious economic projects of the modern history of the world including 68% GWD, 60% population of the world and spans around 70 countries. It consists of two new silk road (6 corridors) and maritime silk road.
- it can significantly alter the regional and global economic political and strategic landscape such as in south South Asia intraregional trade is 5.4% against its potential 20%, according to WB. Economic led prosperity and connectivity will go along political and strategic changing in the region( for instance, China and Japan recent trade deal which surprised many and India is vacillating between china led economic incentives and the US led strategic incentives).
-the US effort to defame BIR as debt trap seems fault (infrastructure investment less tends to return high economic interest )and also unsuccessful (Japan tilt toward China manifested it).
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