Professor Dragana Mitrovic, PhD
Head, Centre for Asian Studies, Faculty of Political Sciences, University of Belgrade and
Founder and Director of the Institute for Asian Studies, Belgrade, Serbia
www.ias.rs
The Belt and Road Initiative was first announced during a visit of Xi Jinping to Kazakhstan on 7 September 2013, alongside the establishment of the Asian Infrastructure Investment Bank (AIIB). Both initiatives aim at supporting regional interconnectivity and promoting economic integration through network infrastructure. Both “new silk roads” – by land and sea – create the grand “Belt and Road” initiative linking China with South-East and South Asia, Eurasia, Africa and Latin America through trade, investment, traffic and energy infrastructure projects, tourism, education, culture and other areas. For many of its participants it is a mega project in the development area. For the CPC the “Belt and Road” is an important way for further opening the country to the outside world and “promoting regional and world peace”. In a geopolitical sense, China is transforming its economic strength into structural power that enables it to reshape the structures of global economic networking.
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