CURRENT AFFAIRS

Detailed explanation-1: -On the sidelines of the Belt and Road Forum in Beijing, China’s paramount leader Xi Jinping and Russian president Vladimir Putin pledged to further strengthen economic and trade cooperation between the two sides.

Detailed explanation-2: -It has been compared to the American Marshall Plan. As of January 2023, 151 countries were listed as having signed up to the BRI. Xi originally announced the strategy as the “Silk Road Economic Belt” during an official visit to Kazakhstan in September 2013.

Detailed explanation-3: -The Belt and Road Initiative is a massive China-led infrastructure project that aims to stretch around the globe. Some analysts see the project as a disturbing expansion of Chinese power, and the United States has struggled to offer a competing vision.

Detailed explanation-4: -China’s Belt and Road Initiative (BRI) () is a strategy initiated by the People’s Republic of China that seeks to connect Asia with Africa and Europe via land and maritime networks with the aim of improving regional integration, increasing trade and stimulating economic growth.