While supply chain disruptions have significantly diminished over the course of 2022, the reversion of the index toward a normal historical range has paused over the past three months. Our analysis attributes the recent pause largely to the pandemic in China amid an easing of «Zero COVID» policies.

Against the prevailing narrative of the The Belt and Road as a top-down strategy to spread China’s geopolitical influence, there is the BRI’s impact through its first decade as emanating «from the middle out and bottom up» via transport-enabled corridors traversing a large number of regions within and across national territories.