CURRENT AFFAIRS

Detailed explanation-1: -The BRI has six main economic corridors: (1) the New Eurasian Land Bridge; (2) the China-Central Asia-West Asia Corridor; (3) the China-Pakistan Corridor; (4) the Bangladesh-China- Myanmar Corridor; (5) the China-Mongolia-Russia Corridor; (6) the China-Indochina Peninsula Corridor.

Detailed explanation-2: -China-Myanmar Economic Corridor (CMEC) is a number of infrastructure projects supporting connectivity between Myanmar and China. It is an economic corridor of the Belt and Road Initiative.

Detailed explanation-3: -According to Myanmar’s Ministry of Commerce, bilateral trade between China and Myanmar totalled $6.13 billion in the first seven months of the fiscal year 2020–2021. This amount is made up of $3.18 billion in exports from Myanmar to China and $2.95 billion in Chinese imports into Myanmar.

Detailed explanation-4: -It is considered a centerpiece of the Chinese leader Xi Jinping’s foreign policy. The BRI forms a central component of Xi’s “Major Country Diplomacy” (Chinese: ) strategy, which calls for China to assume a greater leadership role for global affairs in accordance with its rising power and status.