Belt and road initiatives of china and its challenges

Abstract

Belt and Road initiative (BRI) is a historical initiative which connects the people over the world and facilitates various opportunities for global peace. It connect people through roads ways, air ways and water ways, coordinating policies of various governments, financial integration through cross border business, productivity and regional energy security. This study will base on secondary data and also analyse the risks and challenges associated to BRI initiatives implementation. It suggests that strong coordination among partners of BRI is necessary to get full fruits of this initiative through supportive law, policy, rules and regulation, proper strategy implementation, transfer procurement system, sincere consideration on political, financial, environment and social factors. Objectives of study . To analyse China’s policy of Board Road Initiatives in detail. . To know China’s fulfilling economic ties with South Asian states through BRI and become a means of rivalry with India. . To understand the China’s growing interest in the world how it is beneficial for China in BRI perspective. Methodology: The methods applied in this study are historical, descriptive, comparative and analytical. Sources of data: The books, articles, magazines would be our main secondary resources.