Kate Bullivant

Up next we take a look at how all these changes to Belt and Road set up Beijing to continue gathering global influence. That's after the break. The jury is still out on whether China will take an economic hit from the Belt and Road.

But how do the changes to its signature lending project that we've been talking about support Beijing's strategic goals, especially when it comes to boosting China's standing on the world stage?

But how do the changes to its signature lending project that we've been talking about support Beijing's strategic goals, especially when it comes to boosting China's standing on the world stage?

That's Steve Tsang. He's the director at the SOAS China Institute, a leading research center based in London. And those three initiatives he just mentioned are the Global Development Initiative, the Global Security Initiative and the Global Civilization Initiative.

That's Steve Tsang. He's the director at the SOAS China Institute, a leading research center based in London. And those three initiatives he just mentioned are the Global Development Initiative, the Global Security Initiative and the Global Civilization Initiative.

In a nutshell, the three initiatives seek to position China as a partner to developing countries, largely in Africa, Asia and Latin America, often referred to as the Global South. A partner that nations wary of US dominance can do business with and seek national security guarantees or energy, finance and food security.

In a nutshell, the three initiatives seek to position China as a partner to developing countries, largely in Africa, Asia and Latin America, often referred to as the Global South. A partner that nations wary of US dominance can do business with and seek national security guarantees or energy, finance and food security.

China spends less on Belt and Road loans today than it was a few years back, almost half what it did at the programme's peak. But there's one more change we've seen from Beijing that supports its broader ambitions. It started issuing more debt in its own currency instead of in dollars.

China spends less on Belt and Road loans today than it was a few years back, almost half what it did at the programme's peak. But there's one more change we've seen from Beijing that supports its broader ambitions. It started issuing more debt in its own currency instead of in dollars.

Seit der Geburt von Belton Road im Jahr 2013 hat sich die geopolitische Landschaft dramatisch verändert, sowohl mit dem Anfang der Krieg in der Ukraine als auch mit dem eskalierenden Konflikt im Mittleren Osten. Journalist Chun Han-Wong berichtet über chinesische Politik und Außenpolitik.

Seit der Geburt von Belton Road im Jahr 2013 hat sich die geopolitische Landschaft dramatisch verändert, sowohl mit dem Anfang der Krieg in der Ukraine als auch mit dem eskalierenden Konflikt im Mittleren Osten. Journalist Chun Han-Wong berichtet über chinesische Politik und Außenpolitik.

Er hat mir gesagt, dass in diesem neuen Welt, China sich als ein ehrlicher Verkäufer präsentieren möchte, ein Vergleich zu den USA, die sich als ein ehrlicher Verkäufer präsentieren wollen. die er für einen verlängerten und exazerbierenden Konflikt kritisiert, indem er Arme in der Ukraine und im Mittleren Osten verkauft.

Er hat mir gesagt, dass in diesem neuen Welt, China sich als ein ehrlicher Verkäufer präsentieren möchte, ein Vergleich zu den USA, die sich als ein ehrlicher Verkäufer präsentieren wollen. die er für einen verlängerten und exazerbierenden Konflikt kritisiert, indem er Arme in der Ukraine und im Mittleren Osten verkauft.

China's Foreign Ministry told us that the Belt and Road is an economic cooperation initiative, not a geopolitical tool, and that China provides financing to developing countries without attaching any political conditions. China's National Defense Research Committee and the State Council Information Office didn't respond to our request for comment for this episode.

China's Foreign Ministry told us that the Belt and Road is an economic cooperation initiative, not a geopolitical tool, and that China provides financing to developing countries without attaching any political conditions. China's National Defense Research Committee and the State Council Information Office didn't respond to our request for comment for this episode.

Despite the challenges, Beijing is showing no signs of giving up on Belt and Road. Quite the opposite. China is learning from its experience. And while it's had to rein in its spending, it's lending more cautiously in an effort to ensure that the program continues.

Despite the challenges, Beijing is showing no signs of giving up on Belt and Road. Quite the opposite. China is learning from its experience. And while it's had to rein in its spending, it's lending more cautiously in an effort to ensure that the program continues.