The Belt and Road Initiative, a decade-old global development strategy, is embarking on a new phase characterized by \"small and beautiful\" projects. This intentional shift aims to foster more sustainable and community-focused developments.
By emphasizing smaller-scale projects, the initiative seeks to enhance the involvement of the private sector and provide greater benefits to local participants. This approach not only promotes economic growth but also ensures that the projects are more adaptable to the specific needs of each region.
The introduction of \"small and beautiful\" projects is expected to create a more inclusive environment, encouraging local businesses and entrepreneurs to participate actively. This, in turn, can lead to more innovative solutions and a stronger sense of ownership within communities.
As the Belt and Road Initiative continues to evolve, its focus on smaller, sustainable projects highlights a commitment to long-term impact and meaningful collaboration with local stakeholders around the world.
Reference(s):
cgtn.com
