Why three new initiatives will shape the next 10 years of China’s global outreach.
Bye Bye BRI? Why 3 New Initiatives Will Shape the Next 10 Years of China’s Global Outreach
None of this is to say the BRI hasn’t been impactful. Chinese projects have, by some metrics, poured more thaninto addressing global infrastructure gaps faster and with less bureaucracy than their western counterparts, built up invaluable overseas experience for Chinese firms and banks, and provided an undisputable wake-up call on the scale of Chinese ambitions.That’s in large part because the BRI was never quite what observers thought it was.
The advantage of being a brand, however, is that there’s an inherent flexibility to the BRI. Going forward, quality not quantity will be the steer—or, in Chinese policy speak: “.” But making the BRI leaner isn’t enough on its own to set China up for a new era of global outreach. If these all sound vague, that’s by design. Chinese policy initiatives tend to come slogan first—just like the BRI 10 years ago. But the trio of initiatives took pride of place, ahead of the BRI, in Xi’s all-important work report at last year’s Party Congress, a clear sign to China’s ultra-responsive policy apparatus to get focused on fleshing them out.
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