Development drive’s forum will focus on poorer countries as Xi’s relations with the west become increasingly frosty
World leaders are gathering in Beijing for China’s belt and road initiative forum, the third such event since the trademark global development drive was launched by Presidentwith central Asia, south-east Asia, Europe and the rest of the world. It later broadened into a mammoth infrastructure financing vehicle for Chinese lenders to support projects in nearly every corner of the world, particularly in the global south.
Analysts see Xi making a renewed focus on engagement with the global south, as relations with the west are increasingly frosty. Russia has made similar overtures. On Monday it said that it was joining China in restricting imports of Japanese seafood amid concerns about contamination related to the release of wastewater from the Fukushima nuclear plant. Some analysts argue that the restrictions are motivated by political rather than safety concerns.
It is a marked difference from when the BRI was launched in 2013. Xi, then newly minted as China’s leader, seemed like an ascendant force on the world stage. Beijing promised to support countries that had not been served by traditional multilateral lenders.
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