China’s Belt and Road Faces Growing
Opposition from Participating Countries
as Debts Mount
Posted By: earlybird, 10/5/2021 1:06:50 PM
China’s Belt and Road Initiative (BRI) is facing growing opposition from participating countries as their debts associated with Chinese projects mount, according to a recent study. Launched in 2013 by Chinese leader Xi Jinping, the BRI might be losing its impetus due to a debt-based backlash, according to a study from AidData, a research lab at William & Mary’s Global Research Institute. The study analyzed 13,427 projects backed by China in more than 165 countries over 18 years. The projects’ total value amounts to $843 billion. (snip)35 percent of BRI’s projects dealt with implementation problems, “such as corruption scandals, labor violations, environmental hazards, and public protests.”
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China’s Belt and Road Faces Growing
Opposition from Participating Countries
as Debts Mount 8 replies
Opposition from Participating Countries
as Debts Mount 8 replies
China’s Belt and Road Initiative (BRI) is facing growing opposition from participating countries as their debts associated with Chinese projects mount, according to a recent study.
Launched in 2013 by Chinese leader Xi Jinping, the BRI might be losing its impetus due to a debt-based backlash, according to a study from AidData, a research lab at William & Mary’s Global Research Institute.
The study analyzed 13,427 projects backed by China in more than 165 countries over 18 years. The projects’ total value amounts to $843 billion. (snip)35 percent of BRI’s projects dealt with implementation problems, “such as corruption scandals, labor violations, environmental hazards, and public protests.”
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This was a key part of their decades-long strategy to “help” these countries and surpass the United States and become the #1 global power by 2049. Countries being “helped” finding it a costly helping hand...