Abstract

Abstract The Belt and Road Initiative (BRI) is a strategy initiated by Chinese government that seeks to connect Asia with Africa and Europe via land and maritime networks with the aim of increasing commercial exchange, stimulating economic growth and improving regional integration. The BRI comprises a Silk Road Economic Belt and a 21st century Maritime Silk Road. The initiative defines five major priorities, namely policy coordination, infrastructure connectivity, unimpeded trade, financial integration, and people-to-people bonds. The BRI has been associated with large investment programs in infrastructure projects. It is also an increasingly important umbrella mechanism for China’s bilateral trade with BRI partners.

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