17.1 C
Athens
Σάββατο, 2 Νοεμβρίου, 2024

BRI westward expansion of China looks bleak amid Russia-Ukraine war

Περισσότερα Νέα

- Advertisement -

Changes in the geopolitical situation as a result of the Russian-Ukraine war will have an increasing impact on China’s stretegic and economic projects as Beijing needs to examine major strategic issues pertaining to the westward expansion of China’s Belt and Road Initiative(BRI), peripheral security, and strategic competition between China and the US.

According to China Chengxin International (CCXI), a domestic credit rating agency, the Russia-Ukraine conflict has heavily impacted the progress of the BRI as the China-Europe freight rail services through Ukraine have stopped or rerouted, as reported by Policy Research Group (POREG). The progress of Chinese projects in Ukraine valued at USD 6.64 billion are also significantly halted.

Chinese think tanks are of the opinion that China’s economic security in the BRI might also get affected. Transport risks along the BRI route are likely to be increased as well. Further, with sanctions against Russia continuing to intensify and the conflict between Russia and Ukraine surging, China’s investment risk might ascent too.
The BRI construction might also get hampered owing to the Economic stagnation in Central Asian countries, reported POREG.

Chinese experts argue that Beijing should strengthen the economic and trade cooperation with Russia, promoting enhanced cooperation between China and countries participating in the BRI projects. It is equally important for China to establish strategic communication with Russia and Ukraine in order to obtain information on the military forefront for the safety of Chinese citizens and to safeguard China’s trade and security with the BRI countries.

The BRI is an internationally planned infrastructure development project for China and the countries trading with Beijing. It is a move designed to recapture the ancient Silk Road and expand China’s influence globally. The BRI is the most ambitious economic development and infrastructure project the world has ever seen. But critics say the BRI projects present dangers to participating countries, such as debt traps.

- Advertisement -

China’s BRI strategy was first introduced in 2013 by Chinese leader Xi Jinping. The strategy is in two parts – on land via the Silk Road Economic Belt which runs through Central Asia, Central and Eastern Europe to Western Europe; and on water via the ‘Maritime Silk Road’, which runs through the South China Sea and the Indian Ocean, westward through Southeast Asia to South Asia, the Middle East, Africa, and Europe.

- Advertisement -

ΑΠΑΝΤΗΣΤΕ

εισάγετε το σχόλιό σας!
παρακαλώ εισάγετε το όνομά σας εδώ

The reCAPTCHA verification period has expired. Please reload the page.

Ροή ειδήσεων

ΣΧΕΤΙΚΑ ΑΡΘΡΑ

Taiwan detects 6 Chinese military aircraft, 9 vessels around territory

Taiwan's Ministry of National Defence (MND) reported Chinese military activity near the island on Tuesday and said that by 6 am (local time), six...

China Tries to Blot out Tibetan Criticism of Mining Firm’s Damage to the Environment 

Chinese censors are trying to prevent people from viewing posts that allege severe environmental damage in Tibet caused by sand mining. A young Tibetan man...

Protests erupt in Balochistan as citizens demand justice amid rising violence

Amid ongoing atrocities and lawlessness in Balochistan, a protest took place in Buleda as residents rallied for the immediate arrest of the killers of...

Chinese armed forces are not as strong as they seem, according to experts

China is seen as a formidable power due to its robust economic growth and military expansion in recent decades, but if experts are to...

ΔΗΜΟΦΙΛΗ ΑΡΘΡΑ

Αμπελόκηποι: Γόνος ευκατάστατης οικογένειας ο 36χρονος που διαμελίστηκε στη γιάφκα – Είχε συλληφθεί μαζί με τον 31χρονο στη Γερμανία

Γόνος ευκατάστατης οικογένειας επιστημόνων που μαζί με τον 31χρονο μηχανολόγο – μηχανικό είχαν προσαχθεί και σημανθεί στη Γερμανία για επεισόδια σε πορείες είναι ο...

Αμπελόκηποι: Οι χειρόγραφες σημειώσεις «ξεκλειδώνουν» τις έρευνες της Αντιτρομοκρατικής – 5 κιλά εκρηκτικής ύλης εξερράγησαν

Σε πλήρη εξέλιξη είναι οι έρευνες της Αντιτρομοκρατικής για την έκρηξη αυτοσχέδιας βόμβας στο διαμέρισμα στους Αμπελόκηπους καθώς ήδη ταυτοποιήθηκε ο νεκρός. Από τα αποτυπώματά...

Aμπελόκηποι: «Μεταμφιεσμένοι» τρομοκράτες ετοίμαζαν εντυπωσιακό χτύπημα στην Αθήνα – Βρέθηκαν σχεδιαγράμματα

Νέα διάσταση στις έρευνες της Αντιτρομοκρατικής δίνουν τα ευρήματα απο νέες εφόδους που έγιναν σε τρεις οικίες και ένα όχημα των ατόμων που σχετίζονται...

Διάσταση απόψεων ανάμεσα σε μεγάλα ειδησεογραφικά δίκτυα! Πρίν ή μετά τις αμερικανικές εκλογές η απάντηση του Ιράν;

Οι New York Times, επικαλούμενοι τρεις αξιωματούχους που γνωρίζουν τον πολεμικό σχεδιασμό του Ιράν, ανέφεραν ότι η επίθεση θα γίνει μετά τις 5 Νοεμβρίου...