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Belt and Road Initiative: Opportunities and Challenges for Mongolia

Published online by Cambridge University Press:  14 March 2025

Abstract

In 2013, Chinese President Xi Jinping put forward the One Belt and One Road Initiative, commonly known as the Belt and Road Initiative. The initiative proposed ‘peaceful development’ and ‘economic cooperation’ connecting Asia, Europe and Africa. Within this framework, the establishment of the ‘China-Mongolia-Russia Economic Corridor (CMREC)‘ is envisaged as a promising step toward regional connectivity and economic development in Eurasia through the territory of Mongolia. This article analyzes the BRI projects to identify opportunities and challenges to creating the Corridor in Mongolia. The data draw on both primary and secondary sources.

Type
Research Article
Copyright
Copyright © The Authors 2021

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