1. China through its Belt and Road initiative (BRI) is trying to increase its presence across the globe more specifically in Asia and Indo-Pacific region.

- BRI is a global infrastructure development strategy adopted by the Chinese government in 2013 to invest in nearly 70 countries and international organizations.
- The ‘Belt’ refers to the ‘Silk Road Economic Belt’, which is a series of overland routes reminiscent of the Silk Road of antiquity and the late middle ages, while the ‘Road’ refers to the sea routes, which is also referred to as the 21st Century Maritime Silk Road.
- The initiative was incorporated into the Constitution of China in 2017. The Chinese government calls the initiative “a bid to enhance regional connectivity and embrace a brighter future.”
- The BRI project has a target completion date of 2049, which will coincide with the centennial anniversary of the People’s Republic of China
2. China and Iran have signed a 25-year “strategic cooperation pact” which includes “political-economic and strategic components”.
- It will deepen relations between Iran and China and would establish a blueprint for “reciprocal investments in the fields of transport, ports, energy, industry and services.”
- It forms a part of China’s trillion-dollar Belt and Road Initiative (BRI), a plan to fund infrastructure projects and increase its influence overseas.
3. Development of the China-Russia Axis
- Last year, Russia’s Foreign Minister described relations as the “best in their entire history”.
- It is stated that new inter-State relations between Russia and China are superior to political and military alliances of the Cold War era.” Both countries have also added that the relationship “has no limits” and “there are no forbidden areas of cooperation”.
- The biggest factor behind their current closeness is their shared discomfort with the U.S. and its allies.
- There is also the ideological binding glue in shared opposition to what both countries described as the west’s “attempts to impose their own democratic standards on other countries” and “interference” by the west on human rights issues”.
- The growing closeness has also been reflected in military cooperation. China in 2014 became the first foreign buyer of the S-400 missile defence system, which India has also purchased (although there have been reported delays in delivery for reasons unknown). Also, their joint exercises have also grown in scope.
- Commercial ties have also been growing. Two-way trade last year was up 35% to $147 billion, driven largely by Chinese energy imports. China has been Russia’s biggest trading partner for 12 consecutive years and accounts for close to 20% of Russia’s total foreign trade (Russia, on the other hand, accounts for 2% of China’s trade).