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For a long time now, Western diplomats in the EU and beyond have kept tabs on China’s Belt and Road Initiative (BRI), an ambitious infrastructure project that harks back to the ancient Silk Road, with a vast collection of development and investment initiatives that stretch from East Asia to Europe and beyond.
Launched in 2013 by President Xi Jinping, it significantly expanded China’s economic and political influence, but in Europe it has created uneasiness through debt traps (Montenegro most recently) and massive investment in critical infrastructure worldwide.
Experts see the BRI as one of the main pillars of bolder Chinese statecraft under Xi, a pushback against the US’ ‘pivot to Asia’ and a recipe for a looming Chinese economic middle-income trap.
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