Tag: Belt and Road Initiative

China’s BRI promised prosperity, gave debt trap

NEW DELHI: Several countries like Sri Lanka, Zambia, Djibouti, Laos, Maldives, Republic of Congo, Tonga, Pakistan and Kyrgyzstan, among others, where China has invested through its much-hyped Belt and Road Initiative (BRI) have run into serious financial threat and debt trap, contrary to the expectation that the infrastructure exercise would help in their economic growth. […]

Pakistan plans to renegotiate agreements reached under China’s Belt and Road Initiative

ISLAMABAD: Pakistan Prime Minister Imran Khan’s newly elected government plans to renegotiate the agreements reached under China’s ambitious Belt and Road Initiative (BRI) as it “unfairly benefits Chinese companies”, according to a media report. The projects concerned are part of the multi-billion China-Pakistan Economic Corridor (CPEC) plan – the most ambitious part of the BRI, […]

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