BUSINESS

Belt and Road to Generate $1.6 Trillion in Annual Revenue by 2030, Official Says

Published: Jun. 25, 2025 6:07 p.m. GMT+8

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A train runs on the China-Laos Railway in Jinghong, Southwest China's Yunnan province. Photo: Xinhua

The Belt and Road Initiative (BRI), China’s ambitious overseas infrastructure development program, is expected to generate $1.6 trillion in annual revenue by 2030, a Chinese official said at the Summer Davos Forum in Tianjin on Tuesday.

Zhou Haibing, a vice minister of the National Development and Reform Commission, China’s top economic planner, said that the BRI has bolstered the social and economic development of its member states by building economic corridors and enhancing connectivity, with the construction of highways, railways, airports and seaports.

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The Belt and Road Initiative (BRI) is projected to generate $1.6 trillion in annual revenue by 2030 and connect China with 229 cities in 26 European countries.
Notable BRI projects include the China-Laos Railway, which has transported over 60 million tons of goods since 2021.
A World Bank report predicts BRI infrastructure will boost participant trade by 4.1–7.2% and global income by 0.7–2.9%, despite worldwide economic challenges.

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Who’s Who

Caixin Media: Caixin Media is a Chinese media group that covers business and finance. The article you provided was written by Ding Yi, a reporter for Caixin, and edited by Jonathan Breen, also of Caixin.

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What Happened When

2013：: The Belt and Road Initiative (BRI) was first put forward by President Xi Jinping.

December 2021：: The China-Laos Railway opened and began transporting goods.

June 17, 2025：: The World Bank lowered its global economic growth forecast for 2025 to 2.3% from 2.7%.

June 20, 2025：: A World Bank report predicted BRI infrastructure projects would increase trade among participants by between 4.1% and 7.2%.

June 24, 2025：: At the Summer Davos Forum in Tianjin, Zhou Haibing stated the BRI is expected to generate $1.6 trillion in annual revenue by 2030.