SINGAPORE (May 14): China’s Belt and Road Initiative (BRI) is not universally welcomed. This is the root of some friction in relationships with China and affects investment and business.

Assuming that the approach is one of caution, then there are a number of approaches that are available in dealing with this policy.

The first is to acknowledge the legitimacy of BRI. This is a major policy initiative within — and potentially beyond — the region. China is the world’s second-largest economy and like large economies before it, China feels the need to engage the world community across wider dimensions than it has in the past.

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