Why Does China Need Belt and Road Initiative?

Belt and road initiative (BRI) is considered one of the most important global development strategies ever made by the Chinese government. It is estimated that the worth of the belt and road is around USD 1 trillion comprised of approximately 1700 different projects. It has been stated that China is the biggest beneficiary of this initiative. This chapter is unique in the sense that it unpacks the fundamental reasons behind this potential series of projects from the economic, social and political perspectives of China only. It examines as to how China will be benefited from this initiative specially in the terms of business of its textile and clothing industries. Also, it explores the various opportunities that the country can utilize with the help of one belt and road initiative. However, with a global acclaim on one side, the belt and road initiative has been panned by the opponents who have expressed concerns about the expected problems for China while carrying out this massive initiative. This discussion and opinion based chapter examines these challenges and issues which can jeopardize situation of China and the collaborating nations and then relevant recommendations for policy makers and future researchers are made.