What is the full form of BRI?

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  1. Belt and Road Initiative
  2. Belt and Resource Initiative
  3. Belt and Republic Industry
  4. Basic and Road Initiative

Answer (Detailed Solution Below)

Option 1 : Belt and Road Initiative
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The correct answer is Belt and Road Initiative

Key Points

  • The full form of BRI is Belt and Road Initiative.
  • The Belt and Road Initiative is a global development strategy adopted by the Chinese government in 2013.
  • It aims to enhance regional connectivity and embrace a brighter economic future by building infrastructure and broadening trade links between Asia, Africa, and Europe.
  • BRI encompasses two main components: the Silk Road Economic Belt and the 21st Century Maritime Silk Road.
  • The initiative is often seen as a way for China to assert its influence on the global stage, fostering economic cooperation and development.

Additional Information

  • The Belt and Road Initiative (BRI) was first unveiled by Chinese President Xi Jinping during official visits to Kazakhstan and Indonesia in 2013.
  • It is sometimes referred to as the "One Belt, One Road" (OBOR) initiative.
  • The initiative seeks to improve trade and investment flows between participating countries by building infrastructure like roads, railways, ports, and airports.
  • BRI is seen as a vehicle for China to export its surplus production capacity and to create new markets for its goods and services.
  • Critics of BRI argue that it can lead to debt dependency and increased geopolitical influence for China over participating countries.
  • As of 2021, over 140 countries and international organizations have signed agreements with China on BRI cooperation.
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