[cityhantam]

https://www.weforum.org/agenda/2023/11/c...silk-road/

$1 trillion and counting

Total BRI spending has already surpassed $1 trillion—an enormous sum China plans to recoup through various debt repayment plans. Today, BRI lending has made China the world’s largest debt collector.

And while investment levels have fluctuated over the years and some countries have ended their involvement with the BRI, funding has increased in recent months. In the first half of 2023, over 100 BRI agreements were signed, valuing a total of $43 billion—a roughly 20% increase from the first half of 2022.

“Our achievements in the past decade are truly remarkable,” Xi concluded in this October speech. “Belt and Road cooperation was proposed by China, but its benefits and opportunities are for the world to share.”