Labuan IBFC To Complement China's Belt And Road Initiative

The midshore centre can play a pivotal role in the realisation of China's BRI

A lot has been said about China's Belt and Road Initiative (BRI), its sheer scale, its vision and last but in no way least, the financial resources which will be needed to fund it.

Spanning over 60 countries, BRI is China's ambitious economic roadmap that will link Asia and Europe as well as Africa. It represents 65% of the world's population with a combined gross domestic product of more than USD20 trillion. It is expected that BRI will become a platform for economic investments especially for infrastructure and trade.

It is clear that BRI is not merely about billions or even hundreds of billions of dollars, it is a continuous commitment to ensuring these infrastructure projects as well as their support ecosystem continues to develop in order to realise the vision of the BRI.