China is confronting multiple setbacks, flaws, and failures in President Xi Jinping’s ambitious overseas infrastructure project—the Belt and Road Initiative. Experts note that more than five years after its launch, three of the six economic corridors planned for the massive initiative, often referred to as the BRI, lack any Chinese-funded major projects.
And it appears that the BRI isn’t as well organized as some believe it to be. Some nations worry about debts that they owe to China for project loans. Critics describe these as part of a kind of Chinese “debt-trap diplomacy.”
And it appears that the BRI isn’t as well organized as some believe it to be. Some nations worry about debts that they owe to China for project loans. Critics describe these as part of a kind of Chinese “debt-trap diplomacy.”
