The leaders of the US, India, Saudi Arabia and other countries are in talks on a possible infrastructure deal involving railroads and ports, Reuters reported on Friday citing sources.
Vice premier of China, He Lifeng, arrived in Pakistan on Sunday for a three-day visit, where he will take part in a ceremony to commemorate the China Pakistan Economic Corridor (CPEC) project's tenth anniversary, Dawn reported.
The defence minister of Italy has referred to his country's choice to join a major Chinese infrastructure project Belt and Road Initiative (BRI) as "wicked." The present Italian Government is considering whether to keep participating in the scheme, CNN reported.
Amidst the tension between US-China, Beijing's influence has reached the Caribbean as the 10 nations of the region have participated in the "Belt and Road" initiative, which is a big issue for Washington DC.
China is using an aggressive approach of employing Private Security Companies (PSCs) to mitigate the security risks for Chinese nationals in Africa. These PSCs are armed with sophisticated weapons and surveillance systems
The BRI became a blue-ribbon project for Xi. Thus, his and, by extension, China's prestige became dependent on its success. Now, ten years on, China has had to tighten its belt and divert the road in new directions to keep the whole concept alive. and 21st Century Maritime Silk Road, and the
Despite China asserting time and again that Africa has benefitted from Beijing's infrastructure projects under the Belt and Road Initiative (BRI), the adverse impacts of them are seen on the country's environment as well as the economy.
Zambia is under a heavy debt burden, and the post-Covid economic recovery is slow. In such a situation, it is difficult to upgrade the dilapidated road connecting its mining sites to export destinations in the lack of funds to build infrastructure, Africa Daily Digital reported.
Some BRI initiatives were implemented too quickly without giving enough thought to the long-term benefits of the same. The initiatives frequently rely too heavily on the backing of governments and policies.
The ongoing protests in Balochistan due to the loss of livelihood in the region and a repeated crackdown on the protesters has left the Chinese leadership worried, raising deep concerns about the security of investments in Beijing.
The World Bank has in its latest report on Djibouti, stated that in 2022, Djibouti's debt servicing costs tripled to USD 184 million from USD 54 million in 2021. A further increase to USD 266 million has been predicted for 2023.
The infrastructure projects announced by China include a $1.6 billion expressway to be developed from Phnom Penh to Bavet at the Cambodian - Vietnamese border.