Unveiled in October 2013, the Belt & Road (B&R) initiative is a development framework promoting Eurasian trade and integration,
- Includes two complementary components: a terrestrial ‘Silk Road Economic Belt’ and a ‘Maritime Silk Road’.
- Underscores China’s drive to play a greater role in global affairs. Institutions supporting the initiative include Asia Infrastructure Investment Bank (AIIB).
- A cornerstone of the proposed initiative is a vast infrastructural network connecting China to Europe via South, Central Asia and the Middle East.
- Seeks to unlock investments for priority projects in a number of ‘Economic Corridors’.