China's Belt and Road Initiative takes new path after decade of big projects and debts

2023-10-17 10

China's Belt and Road Initiative takes new path after decade of big projects and debts

China's Belt and Road Initiative (BRI) is scaling down and going green after a decade of trade-boosting, debt-inducing, and environmentally problematic large projects. The shift aligns with a meeting of leaders from developing nations at a BRI forum in Beijing. The initiative, which has globally expanded infrastructure and bolstered China's regional relationships, is a crucial part of President Xi Jinping's global engagement strategy.

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