COVID-19 Pandemic and China‘s Belt and Road Initiative

Authors

  • Boris Aronovich Kheyfets Financial University under the Government of the Russian Federation, Institute of Economics, Russian Academy of Sciences

DOI:

https://doi.org/10.24412.2072-8042-2020-10103

Keywords:

COVID-19 pandemic, economic crisis, Belt and Road Initiative, debt trap, Digital Silk Road, Silk Road – Health

Abstract

The article examines the impact of the COVID-19 pandemic on the implementation of China’s large-scale geo-economic project – the Belt and Road Initiative. In this regard, such negative aspects as weaker financial standing of its participants, higher debt burden, delay in completion, revision and even cancellation of individual contracts are considered. The changes in China’s policy, which should give a new impetus to the Belt and Road Initiative, are shown.

Author Biography

Boris Aronovich Kheyfets, Financial University under the Government of the Russian Federation, Institute of Economics, Russian Academy of Sciences

Doctor of Economic Sciences
Place of work, post: Financial University under the Government of the Russian Federation (49 Leningradsky Prospekt, 125993, Moscow, Russia) - Professor; Institute of Economics, Russian Academy of Sciences (32, Nakhimovskii prosp., 117218, Moscow, Russia) - Chief Researcher

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Published

2024-02-07

How to Cite

Kheyfets, B. A. (2024). COVID-19 Pandemic and China‘s Belt and Road Initiative. Russian Foreign Economic Journal, (10), 77–84. https://doi.org/10.24412.2072-8042-2020-10103

Issue

No. 10 (2020)

Section

World economy