![]() Numerous studies conducted by the World Bank have estimated that BRI can boost trade flows in 149 participating countries by 4.1 percent, as well as cutting the cost of global trade by 1.1 percent to 2.2 percent, and grow the GDP of East Asian and Pacific developing countries by an average of 2.6 to 3.9 percent. The Xi Jinping Administration calls the initiative "a bid to enhance regional connectivity and embrace a brighter future." The project has a target completion date of 2049, which will coincide with the centennial of the People's Republic of China (PRC)'s founding. The initiative was incorporated into the Constitution of the Chinese Communist Party in 2017. Examples of Belt and Road Initiative infrastructure investments include ports, skyscrapers, railroads, roads, bridges, airports, dams, coal-fired power stations, and railroad tunnels. "Belt" is short for the " Silk Road Economic Belt," referring to the proposed overland routes for road and rail transportation through landlocked Central Asia along the famed historical trade routes of the Western Regions whereas "road" is short for the " 21st Century Maritime Silk Road", referring to the Indo-Pacific sea routes through Southeast Asia to South Asia, the Middle East and Africa. Xi originally announced the strategy as the "Silk Road Economic Belt" during an official visit to Kazakhstan in September 2013. The participating countries include almost 75% of the world's population and account for more than half of the world's GDP. As of January 2023, 151 countries were listed as having signed up to the BRI. It has been compared to the American Marshall Plan. The BRI forms a central component of Xi's "Major Country Diplomacy" ( Chinese: 大国外交) strategy, which calls for China to assume a greater leadership role for global affairs in accordance with its rising power and status. It is considered a centerpiece of the Chinese leader Xi Jinping's foreign policy. The Belt and Road Initiative ( BRI, or B&R ), known within China as the One Belt One Road ( Chinese: 一带一路 pinyin: Yīdài Yīlù) or OBOR for short, is a global infrastructure development strategy adopted by the Chinese government in 2013 to invest in more than 150 countries and international organizations. ![]() Five Principles of Peaceful Coexistence.Visa policy of China ( Hong Kong Macau).Visa requirements for Chinese citizens ( Hong Kong, Macau).State Administration of Foreign Experts Affairs.International Military Cooperation Office.International Development Cooperation Agency.Diplomatic missions of China / in China.Ministry of Foreign Affairs Minister: Qin Gang Spokespersons Diplomatic missions.Central Foreign Affairs Commission Director: Xi Jinping Deputy Director: Li Qiang Secretary-General: Wang Yi.
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