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Economy Trade

Who Wins in China’s Great Central Asia Spending Spree?

Image courtesy of Kyle Glenn/Unsplash

This article was originally published by Eurasianet on 2 October 2019.

China’s Belt and Road Initiative seems to benefit only Central Asia’s richer countries.

Cynics often ask if China’s flagship Belt and Road Initiative (BRI) has increased trade between China and its neighbors, or if it threatens to trap participants in debt. There are myriad reasons why countries sign on to the BRI. Some seek to plug gaps in domestic infrastructure, some to improve global trade ties, and some because China, with its population of 1.4 billion, is an attractive market for their goods.