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The China-Global South Podcast
China's New, Slimmed-Down Belt & Road Initiative
Aug 22, 2023
China's Belt and Road Initiative is not dead, but has shifted towards smaller initiatives related to technology, renewable energy, and connectivity. Chinese creditors are now focusing on financing green energy projects. The podcast discusses the challenges faced by the BRI, discrepancies in carbon usage, China's influence on infrastructure development in Africa, and China's expansion in global supply chains and investment in Africa.
01:00:38
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Quick takeaways
- The Belt and Road Initiative (BRI) has shifted its focus to green technology, renewable energy, telecommunications, and logistics, indicating a greater emphasis on sustainability.
- There are divergent narratives surrounding the BRI, with varying perspectives on its success and future. While skepticism and criticism exist, data shows a decrease in BRI spending with a shift towards economically viable and sustainable projects.
Deep dives
The Belt and Road Initiative: Evolving and Focusing on Green Technology
The Belt and Road Initiative (BRI) has undergone significant changes since its announcement in 2013. Critics have claimed that the BRI is in trouble and that Chinese lending has declined. However, recent data suggests a different story. BRI spending has decreased in recent years, but it has evolved into a focus on green technology, renewable energy, telecommunications, and logistics. China's energy-related engagement in the first half of this year had the highest proportion of green investment since the inception of the BRI, indicating a shift towards sustainability. While large infrastructure projects still exist, attention is also being given to smaller, more economically viable projects. Private enterprises are increasingly involved in BRI investments, indicating a more economically driven approach.
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