China's Belt and Road Initiative: How It Shapes Global Competition

China is taking a significant step to reshape the trade and geopolitical map of the 21st century.
Launched ten years ago, the Belt and Road Initiative aims to connect Asia and Europe with modern infrastructure networks. This massive initiative is at the center of Beijing's strategy to increase its global influence.
However, while the project offers a unique development opportunity for some, critics label it as "debt trap diplomacy." This situation has sparked heated debates on the international stage.
China has invested hundreds of billions of dollars in building this network and has signed agreements with over 140 countries. The project covers a wide geography from Central Asia to the Mediterranean.
By constructing vital infrastructures for many countries, Beijing positions itself as an "indispensable partner." This significantly increases Beijing's geopolitical influence.
Ultimately, the Belt and Road Initiative represents a vision of establishing a new global system led by Asia. The success or failure of this massive project will be one of the most important factors shaping the global power balance in the coming decades.
No comments yet.