China’s Belt and Road Initiative Revisited: Challenges and Ways Forward
Journal: China Quarterly of International Strategic Studies
Year: 2018

Compared with other Chinese-proposed multilateral institutions such as the Asian Infrastructure Investment Bank (AIIB) and the Shanghai Cooperation Organization (SCO), the Belt and Road Initiative (BRI) is not yet fully institutionalized. Still, it has been enthusiastically welcomed by many Asian and African countries, though less so by Western ones, Japan, and Russia. This is not only because of the expected economic benefits being Asian- and African-centric, but perhaps more importantly, becau