Pakistan, Sri Lanka and Nepal had initially signed on for China’s Belt and Road Initiative, but now, seem to be rethinking their commitment to the project.
Chinese Foreign Ministry spokesperson Lu Kang said that the BRI initiative does not involve territorial and maritime disputes unlike what India has understood of it.
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M Narendra Modi, in an oblique reference to the BRI, said any mega connectivity project must respect sovereignty and territorial integrity of the countries involved.
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BRI is a good framework or a model of development that World Bank or similar institutions should look into. However Chinese BRI is a debt trap.
Just Imagine how will Nepal pay back 56 Billion dollars in the next 30 years. If an interest of 2.5% pa is levied Nepal would need to pay 2.65 bln dollars every year for the next 30 years.
The Highway connecting India and China can collect tolls or the power projects can sell power but things are going to to take time to generate surplus of 2.65 billion $ a year
Due to bad weather in China where sea route not feasible to connect Iran looks future oil and Gass suply route from Iran via Pakistan is reason behind BRI
This project is by Communist Party of China, for the people’s of China, to expand it’s geo-political reach and achieve it’s goal of rejuvenation. There is nothing for other countries except they become enslaved by Communist Party of China. It’s purely to expand their military reach. Mr Xi promised in front of then President of USA Mr. Barak Obama, at white House lawn to the global journo that “he will no militarized the Artificially reclaimed land in South China Sea. This project is for purely for helping other Nation in the region. ” What a great lier he is. World doesn’t need another Hitler. We have enough of him. Rest of the world must recognize the clear and present danger named Xi.
What was east India company in 1800 is bri / cpec in 21st century . Idea is to finance projects to a bankrupt countries n take their critical asset to establish world dominance.
Ant initiative can be decided worthwhile or not only by seeing the intention of the initiater. China is very cunning and it wants to dominate others. Any move from them to be checked carefully. Silakan port stake sale written in the article is best example.
BRI is a worthwhile concept. However, it needs reworking. More rigorous cost benefit analysis, viability, debt servicing. Complete transparency in award of contracts. In some ways, scaling down from the level of ambitiousness that defines China’s domestic infrastructure projects, especially since 2008. Large segments of its High Speed Rail network will never be profitable. 2. Implemented well, BRI can advance China’s geopolitical interests. Conversely, each interaction that turns sour, as with Sri Lanka, makes the world more wary of its rise, noticeably less peaceful in the last decade or so.
BRI is a good framework or a model of development that World Bank or similar institutions should look into. However Chinese BRI is a debt trap.
Just Imagine how will Nepal pay back 56 Billion dollars in the next 30 years. If an interest of 2.5% pa is levied Nepal would need to pay 2.65 bln dollars every year for the next 30 years.
The Highway connecting India and China can collect tolls or the power projects can sell power but things are going to to take time to generate surplus of 2.65 billion $ a year
The news is just exposing the wrong side
This is development….. See the positive aspects tooo
Due to bad weather in China where sea route not feasible to connect Iran looks future oil and Gass suply route from Iran via Pakistan is reason behind BRI
This project is by Communist Party of China, for the people’s of China, to expand it’s geo-political reach and achieve it’s goal of rejuvenation. There is nothing for other countries except they become enslaved by Communist Party of China. It’s purely to expand their military reach. Mr Xi promised in front of then President of USA Mr. Barak Obama, at white House lawn to the global journo that “he will no militarized the Artificially reclaimed land in South China Sea. This project is for purely for helping other Nation in the region. ” What a great lier he is. World doesn’t need another Hitler. We have enough of him. Rest of the world must recognize the clear and present danger named Xi.
What was east India company in 1800 is bri / cpec in 21st century . Idea is to finance projects to a bankrupt countries n take their critical asset to establish world dominance.
China has a dominating policy however let’s see what happens ahead
Ant initiative can be decided worthwhile or not only by seeing the intention of the initiater. China is very cunning and it wants to dominate others. Any move from them to be checked carefully. Silakan port stake sale written in the article is best example.
BRI is a worthwhile concept. However, it needs reworking. More rigorous cost benefit analysis, viability, debt servicing. Complete transparency in award of contracts. In some ways, scaling down from the level of ambitiousness that defines China’s domestic infrastructure projects, especially since 2008. Large segments of its High Speed Rail network will never be profitable. 2. Implemented well, BRI can advance China’s geopolitical interests. Conversely, each interaction that turns sour, as with Sri Lanka, makes the world more wary of its rise, noticeably less peaceful in the last decade or so.