First of all, after having raised more than 500 million people out of poverty in less than 40 years, China is now willing to bring about economic development in its poorer provinces in the West. The fight against poverty has been linked with the ambition to penetrate foreign markets at the same time. Indeed, the aim is to establish Chinese production chains, where labour-intense manufacturing would be relocated from the developed provinces to the poorer regions in the West and Chinese assembly plants are encouraged to move overseas. The BRI would provide those physical and institutional infrastructures that are crucial to breathe life into these dynamics and make this type of Chinese production chains economically profitable.
Source: China’s Belt and Road Initiative: Potential Threats for the European Union.
CHINA AND HER HISTORY 