COVID-19 Pandemic and China's Belt and Road Initiative

Boris Aronovich Kheyfets
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Boris Aronovich Kheyfets: Financial University under the Government of the Russian Federation

Russian Foreign Economic Journal, 2020, issue 10, 77-84

Abstract: The article examines the impact of the COVID-19 pandemic on the implementation of China’s large-scale geo-economic project – the Belt and Road Initiative. In this regard, such negative aspects as weaker financial standing of its participants, higher debt burden, delay in completion, revision and even cancellation of individual contracts are considered. The changes in China’s policy, which should give a new impetus to the Belt and Road Initiative, are shown.

Keywords: COVID-19 pandemic; economic crisis; Belt and Road Initiative; debt trap; Digital Silk Road; Silk Road – Health (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:alq:rufejo:rfej_2020_10_77-84

DOI: 10.24411/2072-8042-2020-10103

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