When the Belt and Road Initiative (BRI) was first announced in 2013, its official objective was to improve connectivity. However, many things have happened since then, from the US-China trade war to US containment of China’s technological rise, as well as China’s much more belligerent approach to the West. How is the BRI changing in this new reality?
In this episode of The Sound of Economics, Giuseppe Porcaro is joined by Alessia Amighini
and Alicia García-Herrero
. They share the latest findings from their research, showing that the BRI has transformed itself from an economic to a much broader strategy with a political security-oriented focus. It serves as one of several devices uniting the Global South in a new and comprehensive narrative, one with a clear anti-Western tone. Beyond the BRI, this new narrative also features cooperation in the fields of digital governance, as well as academic and cultural exchanges.
This episode is part of the ZhōngHuá Mundus series of The Sound of Economics. ZhōngHuá Mundus is a newsletter by Bruegel, bringing you monthly analysis of China in the world, as seen from Europe. Sign up now
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This is an output of China Horizons
, Bruegel's contribution in the project Dealing with a resurgent China (DWARC). This project has received funding from the European Union’s HORIZON Research and Innovation Actions under grant agreement No. 101061700.