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Unveiling China's Belt and Road Initiative: Opportunities, Risks, and Future Outlook

Explore the Belt and Road Initiative, its global implications, including risks and opportunities, and predictions for the future. Learn about economic projects under Xi Jinping's vision and potential impacts like lower transaction costs and political backlash.

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Unveiling China's Belt and Road Initiative: Opportunities, Risks, and Future Outlook

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  1. China’s Belt and Road Initiative Project of the century? 11 April 2019 Viking Bohman

  2. Agenda • What is the Belt and Road Initiative? • Global implications: risks and opportunities • What’s next?

  3. What is the Belt and Road Initiative? • Name? Content? Size? • How it began • “Silk Road Economic Belt” (land-based) • “21st Century Maritime Silk Road” (maritime) • Economic projects … part of Xi Jinping’s growing political vision

  4. Global implications:Risks and opportunities • Positive impact • Lower transaction costs --> more trade, higher growth • Negative impact • Corruption, environmental degradation, unprofitable projects, ”debt traps” • Political backlash since 2018 but still going strong

  5. What’s next? • Growing US-China rivalry • Strained EU-China relations • The future of the BRI • Belt and Road Forum (end of April 2019)

  6. Stockholm Observatoryfor Global China An independent platform for collaboration and knowledge sharingfor actors in government, civil society and the business sector. More information: www.ui.se/english/research/asia/sogc Contact: viking.bohman@ui.se

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