ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Five issues facing China's Belt and Road Initiative

Xi Jinping's pet project will have some successes but its ultimate goal could be a stretch too far

| China
 (placeholder image)
The first freight train to travel from China to Britain arrives at a welcoming ceremony to mark the inaugural trip at Barking Intermodal Terminal near London, on January 18.   © Reuters

This year, Chinese freight trains have made pioneering journeys to the U.K. from Yiwu in Zhejiang Province, eastern China, and from the Xiamen Free Trade Zone in southeastern Fujian Province to Moscow. These are among the latest examples of developments in the Belt and Road Initiative, also known as the Silk Road Economic Belt and 21st-Century Maritime Silk Road, and as the One Belt, One Road initiative.

Whatever we call it, this is Chinese President Xi Jinping's pet project, launched in 2013. Xi will host a BRI summit in Beijing on May 14 and 15 amid great fanfare about trade and infrastructure achievements and prospects. But what is the BRI, and is it a game-changer for China's role in the global economy?

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more