20 June 2018
Since its launch in 2013, the Belt and Road Initiative (BRI) has driven billions of dollars’ worth of ambitious infrastructure projects across nearly seventy countries. Chinese companies, in particular state-owned enterprises investing abroad, consider the potential rewards to be worth the risks – risks that include political unrest, project delays, cost overruns and project abandonment. BRI encompasses countries and territories with significant political and economic risks, and the types of projects (in particular, their large scale and the deep involvement of government or state-owned enterprises of the host state) further enhance the risks.
Belt and Road: Dispute Resolution from a Chinese Perspective