BRI: China Perspective. Gaining the Power back of making the Word unite?

Naman Shukla

Krishna Pandey

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Research Paper (undergraduate) from the year 2018 in the subject Economics - Case Scenarios, , course: B.A.LL.B, language: Englis...

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Research Paper (undergraduate) from the year 2018 in the subject Economics - Case Scenarios, , course: B.A.LL.B, language: English, abstract: The growth of china has been remarkable since it undertook reforms in 1978 and china is currently the world second largest economy in the world having overtaken Japan. To continue its dominance in the economic front the concept of the silk road was proposed. The renewed initiative of china government to face the new challenges that arises during the development of the new economic power like India and Japan taking its position again. The official document titled VISION and MISSION on this project in 21stCentury says that project aims to build an open inclusive and balanced regional cooperation with ideology that benefits to all country involved in the initiative .For achieving its objective a new silk road economic belt will link china to Europe that puts through mountains region in Central Asia and the maritime silk that links china port facility with African coast and Suez canal much of china's logic on this particular project is based on geo politics and therefore Chinese President Xi Jinping has made the project both his foreign investment policy and national policy. Chinese belt and road initiative is a multifaceted economic diplomatic and geographical undertaking that has morphed through various nations. What china gets from BRI, these projects are likely to increase Chinese economic and political stability. This initiative by the Chinese government is very helpful in connectivity, economic stability and development among the participating countries. Also uniting the world as per the Hindu quote "VASUDEV KUTUMB". Furthermore, it will promote trade and commerce which in result will generate employment opportunity. This paper put forward the BRI and China how it will benefit and make Asia once again united in economic and development prospective.