Clifford Chance

Belt and Road: Initial Phase: Infrastructure

20 June 2018

China’s Belt and Road Initiative (BRI), is one of the most ambitious development projects in history. China’s vision is to boost global trade and create vibrant economies along its route, which covers 74 countries. President Xi describes it as a vehicle for China to take a greater role on the international stage by funding and developing global transport and trade links. Its strategic importance was reinforced in October 2017 at the Communist Party of China’s (CPC) 19th Party Congress when BRI was officially written into the CPC’s Constitution – a clear statement of China’s determination to push it forward. It also means that Chinese enterprises have the political imperative to make BRI a success.

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