The China-Global South Podcast | There’s been a lot of talk in recent years about the new “small and beautiful” doctrine that now guides China’s Belt and Road Initiative. The problem is that many people still do not understand what it means in practice. President Xi Jinping first unveiled the concept at the Third Belt-and-Road Symposium in 2021 when he said that China’s overseas development finance would focus more on “better connectivity” for telecommunications, energy, and financial services. This marks a shift from large-scale infrastructure projects to smaller, more sustainable investments with a higher potential for targeted economic and social benefits.
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