China's Belt and Road Initiative and Its Implications for Global Development

"I don't think we have much time left. In fact, we may be over time already," he says. "The BRI will play a major role in creating a new multipolar world", the Chinese leader adds. China's Belt and Road Initiative is an attempt to connect countries around the world through land routes that cost billions of dollars each. The initiative has been criticized by some who say it could lead to conflict between Beijing and Washington.