China's "One Belt, One Road" Initiative: Economic Issues (CRS Report for Congress)
| Release Date |
Revised May 16, 2024 |
| Report Number |
IF11735 |
| Report Type |
In Focus |
| Authors |
Karen M. Sutter, Andres B. Schwarzenberg, Michael D. Sutherland |
| Source Agency |
Congressional Research Service |
| Older Revisions |
-
Premium Revised Sept. 27, 2023 (2 pages, $24.95)
add
-
Premium Revised Dec. 22, 2022 (2 pages, $24.95)
add
-
Premium Jan. 22, 2021 (135 pages, $24.95)
add
|
Summary:
The People’s Republic of China (PRC or China) in 2013
launched an ambitious and multifaceted foreign economic
policy initiative—One Belt, One Road—to expand China’s
global economic reach and influence. In 2015, China’s
leaders changed the English name to the Belt and Road
Initiative (BRI), possibly to deflect from the initiative’s
focus on developing China-centered and controlled global
ties in a hub and spoke format. The Communist Party of
China (CPC) incorporated the initiative into the Party’s
Charter in 2017 and reaffirmed its significance in the
November 2022 Work Report of the CPC’s 20th Party
Congress and in a January 2021 State Council White Paper.
Some in Congress assess that One Belt, One Road projects
advance China’s geopolitical and economic goals while
undercutting U.S. influence and challenging U.S. interests.
