Infrastructure Opportunity? China’s Belt and Road Initiative
China initially earmarked $5 trillion (USD) for infrastructure spending with Xi pledging an additional $13 billion (USD) in funding at the 2017
“Belt and Road Forum” held in Beijing that was attended by more than 70 countries and global organizations. Belt and Road commits China
and foreign investors to underwrite billions of dollars of infrastructure funding in countries that link the Silk Road with Europe, spanning over
60 countries. Under the initiative, Belt refers to the Silk Road Economic Belt; Road denoted the 21st Century Maritime Silk Road. China’s
aggressive foreign policy spending has reached, “$150 billion (USD) a year in the 68 countries that have joined the initiative since it was
announced,” as reported by The Economist.
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