List of projects of the Belt and Road Initiative
One of China's international program is the Belt and Road Initiative (BRI). Besides the BRI, China has other programs that reflects China's broader strategy of international development cooperation and economic engagement.
- Asian Infrastructure Investment Bank (AIIB): This initiative aims to support the building of infrastructure in the Asia-Pacific region and beyond, promoting economic development and regional cooperation.
- BRICS New Development Bank: Established by the BRICS countries (Brazil, Russia, India, China, and South Africa), this bank aims to support public or private projects through loans, guarantees, equity participation, and other financial instruments.
- Forum on China–Africa Cooperation (FOCAC): This is the primary institutional vehicle for China's strategic engagement with Sub-Saharan Africa, focusing on economic cooperation and development.
- China EximBank and China Development Bank (CDB): These state policy banks play key roles in providing large resource-backed loans and project financing, supporting China's 'going out' policy by assisting Chinese companies in developing offshore businesses and foreign subsidiaries.
As of August 2023, 215 cooperation documents have been signed with 155 countries and 32 international organisations. The BRI, which launched in September 2013, is General Secretary of the Chinese Communist Party and Chinese President Xi Jinping's "grand political-economic project". It affects three-quarters of the known energy reserves in the world.