Twelve years ago, China established its Belt and Road Initiative, or BRI, often called the “New Silk Road Initiative.” This huge, global program was originally established to better link East Asia to Europe. In subsequent years, the program was established in other regions of the world, such as the South Pacific, Latin America and Africa. Through the BRI, China works with countries to develop and invest in their infrastructure. Projects have included roads, ports, power plants, telecommunication systems and airports.
The BRI has been successful for China in four major ways. The first is the ability of China to enhance its image around the world as a superpower that cares deeply about countries that have infrastructure needs. Secondly, by assisting countries with their infrastructure, China has the opportunity to strengthen its trade relationships. Third, Chinese companies are usually involved with or directing the infrastructure projects. And finally, through the program, China obligates countries to cooperation and loyalty, especially if they have difficulties paying off the loans or investment.
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