China is shaping the future of economic development through its Belt and Road Initiative, an ambitious multi-billion-dollar international push to better connect itself to the rest of the world through trade and infrastructure. Through this venture, China is providing over 100 countries with funding they have long sought for roads, railways, power plants, ports and other infrastructure projects.
This mammoth effort could generate broad economic growth for the countries involved and the global economy. The World Bank estimates that recipient countries' gross domestic product could rise by up to 3.4% thanks to Belt and Road financing.
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