In Beijing, the third Belt and Road Forum for international cooperation has convened, marking a crucial milestone in the Belt and Road Initiative (BRI) introduced by the Chinese government in 2013. The BRI is a global strategy aimed at fostering infrastructure development worldwide and facilitating international trade and economic growth. Chinese companies have invested in and built a wide range of infrastructure projects, including ports, roads, and power plants in over 150 countries and international organizations. This initiative has been a flagship policy of President Xi Jinping, but concerns have emerged that it may be losing momentum for several reasons. One key factor is China’s growing aversion to risk, which might lead to more cautious investment decisions. Additionally, China’s domestic economy has faced challenges in returning to pre-pandemic growth levels, which could impact the nation’s ability to sustain large-scale international infrastructure investments. The meeting in Beijing spans two days and has attracted the participation of 130 leaders from Africa, South America, and other emerging markets, as well as global organizations. This forum offers a platform for attendees to deliberate on the BRI’s progress, potential obstacles, and opportunities for future collaboration. The main events of the meeting are scheduled for Wednesday, underlining its importance in the ongoing implementation and evolution of the Belt and Road Initiative.
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