A huge surprise is that the true scale of the debt – thought to be at hundreds of billions of dollars – is not known. Many of the loans are covered in secrecy. As this fares dangerously for the future of the world entirely, there is still an angle of security to it as the BRI might not be dead, but evolving into an alligator underwater.
Tag: Belt Road
China’s Big Tech Dream: The Digital Silk Road
Digital Silk Road (DSR) is a crucial component of China’s Belt and Road Initiative (BRI), symbolising China’s strategy to expand information exchanges and digital cooperation with emerging markets and developing economies. Launched in 2015 as part of President Xi Jinping’s flagship transnational infrastructural project, the DSR has become a significant part of Beijing’s overall BRI strategy, providing aid, political support and assistance to recipient states. The DSR aims to enhance digital connectivity in developing economies, challenging the West’s tech dominance in the developing world.