Belt And Road 2024. Among his ideas, xi pledged to create a secretariat for the brf and to ‘strengthen the institutional building for international. China in 2021 announced a new financial framework, the global development initiative, to supplement the belt and road.

Under chinese president xi jinping’s belt and road initiative, china has invested about $1 trillion over the past decade in infrastructure and other projects around the world, including in africa. When china’s party and state leader xi jinping first announced his plan for a “silk road economic belt” and “21st century maritime silk road” in the fall of 2013, the concept sounded vague and its content was difficult to interpret.