All tagged Belt and Road Initiative

There is a growing tide of opinion in the U.S. that treats China’s Belt and Road Initiative as a grand strategy of epic economic and geopolitical proportions. It holds that China is “methodically assembling a network of client governments in hock to Beijing and advancing its military ambitions.” But China is not a monolith, and neither is the Belt and Road Initiative. BRI, in reality, is a brand — a grab-bag of initiatives and projects that numerous Chinese institutions independently design and advance.

Both Europe and China recognize the potential for economic growth at home and abroad by bringing the two ends of Eurasia closer together. Yet Beijing and Brussels have diverging views for Eastern Europe and Central Asia and are poised to compete for infrastructure investment. Connectivity — and the means to control it — is the new currency of geopolitics.