fredag 10. mai 2024

China’s Digital Silk Road Taking Its Shot At The Global Stage

The rise of China has strengthened its resolve to challenge global markets and the United States’ technological hegemony. China has developed into the largest exporter of goods, responsible for almost 30 per cent of manufacturing worldwide. As part of this development, China has united various foreign policy objectives through economic statecraft, using loans and investments as political bargaining chips.

A key part of China’s strategy is the Belt and Road Initiative (BRI), a multitrillion-dollar projectthat facilitates investments in foreign countries. It gambles on risky yet comprehensive loans for developing countries to build key infrastructure.