China 'Going Out' & BRI

What is the Belt and Road Initiative (BRI)?

The Belt and Road Initiative (BRI) China’s main international cooperation and economic strategy. The BRI is also known as the “One Belt One Road” (OBOR), the “Silk Road Economic Belt and the 21st-century Maritime Silk Road” or just the “New Silk Road”. Its Chinese name is 一带一路 (yi dai yi lu). It was announced by Chinese President Xi Jinping in Kazakhstan in October 2013.

“Five goals” of BRI

  • policy coordination,
  • facilities connectivity,
  • unimpeded trade,
  • financial integration, and
  • people-to-people bonds.

Regions that receive most BRI investments

  • East Asia with 25%
  • Sub-Saharan Africa with 22%
  • West Asia with 21%
  • Arab and Middle East with 15%

Infographic showing global growth of BRI between 2014 - 2022

(This infographic describes countries participating in the BRI by year of joining.)