bullish

China Economics: A Smaller, Smarter Belt and Road

298 Views01 Nov 2023 13:08
SUMMARY
  • As Beijing heralds the tenth anniversary of its Belt and Road Initiative, we foresee that it will reorient the initiative in response to the new domestic and geopolitical environment.
  • The Initiative has been a remarkable venture in economic diplomacy, buying China considerable leverage while delivering concrete benefits for recipient countries. There have, however, been setbacks.
  • Despite the difficulties, Beijing is likely to maintain support for the Initiative. Shifts in project size and target sectors may lead to a smaller, but smarter, Belt and Road.
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