Commentary
China’s Belt and Road Initiative (BRI) is a grouping of approximately 150 countries that signed agreements with Beijing in exchange for Chinese foreign investment. Last year, BRI reached nearly $1.4 trillion in total funding, with a record $213.5 billion in deals in 2025. China’s state-owned enterprises get most of this money in exchange for building energy infrastructure, ports, rail, and the like abroad. Countries that join often accrue debt owed to Beijing.





