Globalization Has Entered a Period of In-Depth Adjustment

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According to the "2023 China and Globalization Report" recently released by the Center for China and Globalization (CCG), a Chinese non-governmental think tank based in Beijing, it has become a consensus that globalization has entered a period of in-depth adjustment.

The CCG released the report at the beginning of the new year, which summarizes and forecasts the trends and prospects of globalization in the coming year from ten perspectives, including China-US relations, the Ukraine crisis, the international financial system, the Belt and Road Initiative, international tourism, digital economy, and climate change.

Learn more about how China will continue to provide a strong driving force for the global economy in 2023, at least according to the think tank report.

The Belt and Road Initiative (BRI)

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According to the global law firm Baker McKenzie:

"The Belt and Road Initiative (BRI) is a historic marshalling of capital and a remarkable geopolitical foray into establishing and strengthening multinational trade corridors. With over US $440 billion of funding provided by Chinese financial institutions for BRI projects so far, it's an enterprise unlike anything seen on this scale for decades and holds tremendous opportunities for business. The BRI continues to evolve and expand with more than 130 countries now reported to have signed BRI agreements, far beyond the traditional Silk Road routes."

Learn more and develop an understanding of how COVID-19 alters BRI.