Correct option is A
The One Belt, One Road Initiative (BRI), proposed by China, is aimed at improving global trade connectivity through infrastructure projects, including roads, railways, and ports, to enhance the logistics and supply chain. It also focuses on improving cost competitiveness and rebalancing trade dominance by improving trade routes. The initiative is not about trade protectionism; rather, it seeks to open up trade channels and facilitate economic cooperation globally.
Information Booster:
· The BRI seeks to establish a trade network connecting Asia, Europe, and Africa, promoting economic integration through large-scale infrastructure investments.
· Strengthening logistics and supply chains is a central objective, as the initiative aims to create more efficient trade routes and better infrastructure for goods movement.
Additional Knowledge:
· (b) Strengthening logistic and supply chain: A core objective of the BRI, focusing on building infrastructure like highways, railroads, and ports.
· (c) Improve cost competitiveness: The BRI is designed to improve global trade efficiency, reducing costs for businesses along its routes.
· (d) Rebalance trade dominance: The initiative helps reduce the trade imbalance by fostering better economic ties and trade facilitation.