Taylor Hicks

The Belt and Road Initiative is a massive initiative launched by China.

The Belt and Road Initiative is a massive initiative launched by China.

China's massive infrastructure spending could usher in a new era of commerce and growth for Asian and global economies. Skeptics, on the other hand, fear that China is luring borrowing states into a debt trap.
One of the most enormous infrastructure projects ever envisioned is China's Belt and Road Initiative (BRI), often known as the New Silk Road. The huge collection of development and investment plans, launched in 2013 by President Xi Jinping, would reach from East Asia to Europe, considerably expanding China's economic and political clout.Several observers regard the project as an uncomfortable extension of China's growing influence, and opposition has developed in some nations as the costs of many of the projects have risen dramatically. Meanwhile, the US shares some Asian concerns that the BRI will serve as a Trojan horse for Chinese-led regional growth and military expansion. Washington has upped alars under President Donald J. Trump.
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