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China’s New Silk Road: a stocktaking update and economic review (2017–2019)

Stephan Barisitz ()
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Stephan Barisitz: Oesterreichische Nationalbank, Foreign Research Division, http://www.oenb.at

Focus on European Economic Integration, 2020, issue Q1/20, 20-50

Abstract: This study is an update of an initial overview by Barisitz and Radzyner (2017a) in the present journal. The Belt and Road Initiative (BRI) corresponds to an enormous international infrastructure investment program focusing on Asia, Africa and Europe. BRI projects are predominantly credit-based and financed by Chinese sources. So far, about USD 450 billion have been spent or earmarked. While not without setbacks and substantial risks, many BRI projects appear to have progressed since 2017. The present project-oriented update attempts to fill a void and shed some light on a number of key undertakings in the above three global regions. Against the backdrop of the evolving U.S.-China trade conflict, the BRI may ultimately provide China with an alternative geo-economic perspective.

Keywords: New Silk Road; Belt and Road Initiative; connectivity; transportation; trade infrastructure; energy; digital; economic corridors; regional policy; China; Eurasia; Africa (search for similar items in EconPapers)
JEL-codes: F15 F34 N75 R12 R42 (search for similar items in EconPapers)
Date: 2020
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