Why China’s Belt and Road Initiative will remain relevant despite growing competition

In a commentary, Prof Euston Quah from NTU and Dr Eugene Or from SUSS noted that several rival infrastructural projects have emerged as a response to the perceived shortcomings of China's Belt and Road Initiative (BRI), the world’s most ambitious infrastructure and development programme. This reflects both China’s success and failures. Far from disappearing, the BRI is being compelled to evolve, shifting towards smaller and more commercially viable projects, renewable energy investments, digital infrastructure and equity-based financing. The real question, therefore, is not whether the BRI will survive. The more important one is how and whether it can retain its influence in a world where countries increasingly have alternatives. 

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