(Bloomberg) President Xi Jinping’s signature infrastructure gambit was supposed to connect Asia, Africa and Europe through a network of railroads and trade deals, cementing China’s global influence. A decade on, it’s run into a diplomatic wall at the European border. Most Read from BloombergHere’s What 8% Mortgage Rates Will Do to the Housing MarketRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearWall Street Hit by Volatility on Geopolitical Risk: Markets WrapIsrae
President Xi Jinping’s signature infrastructure gambit was supposed to connect Asia, Africa and Europe through a network of railroads and trade deals, cementing China’s global influence. A decade on, it’s run into a diplomatic wall at the European border.
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The China-proposed Belt and Road Initiative (BRI) is a mega project that helps developing countries and has opened up a new path of development for all countries, foreign observers said at the Belt and Road Studies Network Plenary Meeting in Beijing. They spoke highly of the achievements of the BRI and conducted in-depth discussions on its development over the past decade.
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