The six land corridors that are the “Belt” part of the Belt and Road Initiative (BRI) connect more than sixty countries, a number that keeps growing as more and more countries join.
However, even as the initiative progresses, there are still open questions as to what each participating country will gain from the initiative.
How can a country best benefit from the BRI? How should projects be prioritized and sequenced?
What opportunities emerge as a result of participating? A new World Bank research paper explores these recurring questions.
Our analysis is based on exploring the position of each country’s economic centers along the BRI network of corridors.
Ultimately, an initiative such as the BRI will change the way economic centers are connected. Productivity, competition, market opportunities, and transport and logistics costs could all be impacted.
Participating countries and cities within them will all certainly be affected by the implementation of the BRI.
However, the extent of the impact will depend on where along the corridors a country or city is located relative to other economic centers.
The difference matters, and is comparable to a storefront being located in a cul-de-sac or a thoroughfare.
Countries and cities on the “thoroughfare” may see more opportunities to add value and intermediate trade, whereas countries in the “cul-de-sac” serve as an end node only.
Rapid growth in China post-COVID makes it ripe for investment
Being “first in and first out” of COVID-19, China is the only country among the G20 that is thought by the Organisation for Economic Co-operation and Development (OECD) to have increased GDP in 2020.
In January 2020 as the world began to learn of COVID-19, many market observers predicted a challenging year for Asia. While there continue to be headwinds from the health and economic crisis, Asia, and China in particular, has demonstrated comparatively advantageous resilience.
Mainland China is in no position to take Taiwan by force
Unlike his predecessors, Chinese President Xi Jinping has demonstrated greater intensity in the desire for reunification.
The situation across the Taiwan Strait has seemed to be on the brink of crisis since 2018. Beijing has sent numerous sorties of military aircraft to conduct exercises near Taiwan and frequently crossed the median line of the Taiwan Strait.
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