6. China’s Belt and Road Initiative

The Belt and Road Initiative is a grand strategy for building infrastructure connectivity between China and 68 other partner countries. The geographic scope of the Belt and Road Initiative extends from China to ASEAN, Central Asia, Africa, the Middle East and Europe. Over USD 1 trillion of infrastructure projects have either been built or are planned over the next decade under the Belt and Road Initiative. In tandem with the Belt and Road Initiative, China has also led initiatives to create new multilateral development banks to provide infrastructure financing to developing countries, notably the Asian Infrastructure Investment Bank and the New Development Bank.