Risk and Opportunities of China’s Belt and Road Initiative in Papua New Guinea

Betty Wakia; Philomina Sophia Philipo; Rickson Max Wakia

doi:10.59890/ijatss.v3i3.454

Authors

Betty Wakia Wuhan University of Technology https://orcid.org/0000-0003-4639-5573
Philomina Sophia Philipo Wuhan University of Technology
Rickson Max Wakia University of Papua New Guinea

DOI:

https://doi.org/10.59890/ijatss.v3i3.454

Keywords:

China, PNG, BRI, Economic Growth, Infrastructure Development

Abstract

In 2013, President Xi Jinping proposed the extensive‘ One Belt One Road’initiative as a means to invigorate global economies. The objective of the initiative is to enhance global trade between China and 65 other nations, mostly Asian, European, and African countries. China views PNG as a crucial gateway to the Pacific region, which might aid its expansion into Oceania as it aims to boost its economy. This article seeks to delineate the potential prospects and concerns linked to China's Belt and Road Initiative (BRI) in PNG, emphasizing the promotion of economic growth, infrastructure development, and regional economic collaboration within the Asia-Pacific region. It is crucial to understand the BRI's relevance to emerging economies in the Papua New Guinean setting, given the breadth and depth of this programme on a global scale

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