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China's Belt and Road Initiative: Ambitions, Challenges, and Strategic Implications
An Overview of the Belt and Road Initiative
Launched in 2013, China's Belt and Road Initiative (BRI) has been heralded as one of the most ambitious infrastructure projects in modern history. Its core aim is to forge a vast network of land and maritime routes connecting Asia, Europe, Africa, and beyond, thereby creating a China-centered economic corridor poised to reshape global trade dynamics. Chinese financial institutions committed hundreds of billions of dollars to fund infrastructure projects across participating nations, offering loans aimed at boosting regional development and connectivity.