China’s Belt and Road Initiative (BRI) or yi dai yi lu, is a “21st century silk road,” made up of a belt of land corridors and maritime route of shipping lanes. Ranging from South-East Asia to Europe and Africa, the BRI includes 71 countries that make up approximately half of the world’s population and a quarter of global GDP.
The Belt and Road Initiative is expected to cost more than $1tn (£760bn), China has already invested more than $210bn but the inception of the COVID-19 cast a cloud over the progress of this Chinese vision.
BRI is a state-backed campaign for global dominance and a massive marketing campaign for Chinese investments. The Sri Lankan Government has leased a port to a Chinese company for 99 years after failing to make repayments.
Djibouti, Kyrgyzstan, Laos, the Maldives, Mongolia, Montenegro, Pakistan and Tajikistan – are among the poorest in their respective regions and will owe more…
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