Along these corridors, a broad array of infrastructure projects are underway or envisioned including oil pipelines, roads, railways, ports, and digital networks including 5G, as well as a host of industrial investments facilitated by this infrastructure. The initiative was given intensive coverage by Chinese state media, and by 2016 often being featured in the People's Daily.
[5][6][7][8] "Belt" refers to the overland routes for road and rail transportation, called "the Silk Road Economic Belt"; whereas "road" refers to the sea routes, or the 21st Century Maritime Silk Road. [49] The Chinese government has promised to provide Pakistan with at least US$350 million by 2030 to finance this station. ", "China unveils action plan on Belt and Road Initiative", "CrowdReviews Partnered with Strategic Marketing & Exhibitions to Announce: One Belt, One Road Forum", "Chronology of China's Belt and Road Initiative", "News—Zhejiang Uniview Technologies Co., Ltd", "World Pensions Council: Pension Investment in Infrastructure Debt: A New Source of Capital", "China's Asian Infrastructure Bank and the 'New Great Game, "What to Know About China's Belt and Road Initiative Summit", "Just what is this One Belt, One Road thing anyway? [11][12] The project has a target completion date of 2049,[13] which coincides with the 100th anniversary of the People's Republic of China. [82] Coal-fired power stations, such as Emba Hunutlu power station in Turkey, are being built, thus increasing greenhouse gas emissions and global warming. [clarification needed][unreliable source? "Financing the Belt and Road Initiative (BRI): Research agendas beyond the “debt-trap” discourse. In practical terms, the BRI can be essentially understood as three inter-linked initiatives: the Silk Road Economic Belt, the Maritime Silk Road, and more recently the ‘Digital Silk Road’. [46], The Articles of Agreement (the legal framework) of the Asian Infrastructure Investment Bank (AIIB) were signed in Beijing on 29 June 2015. "The Belt and Road is Overhyped, Commercially. The Silk Road Fund would invest in businesses rather than lend money to the projects. Lai, Karen P.Y., Shaun Lin and James D. Sidaway. [72], Russia together with China approached the practical discussion of the global infrastructure project Ice Silk Road.
[97], In 2018, Malaysian Prime Minister Mahathir Mohamad cancelled China-funded projects and warns "there is a new version of colonialism happening", which he later clarified as not being about China and its Belt and Road Initiative in an interview with the BBC HARDtalk.
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