Lack of Demand: The Coronavirus Pandemic and China’s Belt and Road Initiative

Author
Felix Chang
Content Type
Commentary and Analysis
Institution
Foreign Policy Research Institute
Abstract
The novel coronavirus disease 2019 (COVID-19), which arose in China and swept around the globe, has devastated the lives of hundreds of thousands. But however large the health impact of COVID-19 ultimately is, hundreds of millions more have already felt its economic impact. With people worldwide ordered to social distance and stay at home, entire industries have been shuttered. And though national economies will recover in time, fully restoring them may prove to be a slow process. No doubt, the longer the disease lingers, the longer an economic recovery will take. That could create one more economic casualty: China’s Belt and Road Initiative (BRI).
Topic
Infrastructure, Belt and Road Initiative (BRI), Coronavirus, Pandemic, COVID-19
Political Geography
China, Asia