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Navigating the New Silk Road: Expert Perspectives on China’s Belt and Road Initiative


First announced in 2013 by President Xi Jin Ping, the Belt and Road Initiative (BRI), otherwise known as One Belt One Road, will build roads, ports, and railway tracks along the ancient land-based “Silk Road Economic Belt” and the ocean-going “Maritime Silk Road”, connecting China with Asia, Oceania, Middle East, Europe, and North America through the Mediterranean. The infrastructure network will span across 65 countries which account for 60 percent of the global population and about one-third of global GDP.

This compendium, collating knowledge and expertise from the world’s leading experts, presents practical and timely insights on the various risks and opportunities for domestic organizations in China, as well as foreign organizations who will be working with China on the BRI, in three broad themes:

  • What the BRI entails. Intended to boost trade and investment liberalization and social and cultural exchange, Chinese President Xi Jinping unveiled the global infrastructure development scheme in October 2013, which became the central focus of the “China Dream”. Diversifying export markets and promoting the international expansion of Chinese technology, the BRI is part of the broader plan to upgrade China in terms of global production and value chains.
  • Challenges facing the BRI. The ambitious scheme provides not only great opportunities for China but considerable risk, such as political and security risks.  Developing Asia requires $8 trillion in infrastructure investment but the financing of this initiative cannot be carried out by China alone; instead options for foreign investment should be further explored.      
  • Economic and Political Implications. Supporting long-term growth and development in the economies involved, the more connected infrastructure network should facilitate trade and investment, create new market demand, and benefit some poorer countries, particularly in Central and South Asia, which have especially large infrastructure gaps and often have difficulties in financing new projects. Despite the clear upside, parties involved need to be cognizant about the downside risks, such as global trade protectionism and potential domestic supply side constraints.

Marsh Pty Ltd (ABN 86 004 651 512, AFSL 238983) (“Marsh”) arrange this insurance and is not the insurer. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). JGS is part of the Marsh group of companies. Any advice in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226827) which is a related entity of Marsh. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions. This website contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire a product, refer to the specific policy wordings and/or Product Disclosure Statements available from JLT Risk Solutions on request. Full information can be found in the JLT Risk Solutions Financial Services Guide.