{"id":6910,"date":"2021-12-26T16:53:00","date_gmt":"2021-12-26T16:53:00","guid":{"rendered":"https:\/\/polscienceweb.com\/?post_type=portfolio&#038;p=6910"},"modified":"2021-12-28T16:58:16","modified_gmt":"2021-12-28T16:58:16","slug":"chinas-belt-and-road-initiative","status":"publish","type":"portfolio","link":"https:\/\/polscienceweb.com\/index.php\/portfolio\/chinas-belt-and-road-initiative\/","title":{"rendered":"China&#8217;s\u00a0Belt and Road Initiative (BRI)"},"content":{"rendered":"\n<h4 class=\"has-text-align-center wp-block-heading\"><strong>According to a report,\u00a0investments in China&#8217;s\u00a0One Belt One Road initiative\u00a0have fallen by 5% since 2019<\/strong><\/h4>\n\n\n<div class=\"has-text-align-center wp-block-post-date\"><time datetime=\"2021-12-26T16:53:00+05:30\">26th December 2021<\/time><\/div>\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<details class=\"wp-block-verse\" style=\"font-size: 18px; text-align: justify;\">\n<summary class=\"wo-block-verse\" style=\"font-size: 18px; text-align: center;\">Read more<br><br><\/summary>\n\n\n\n<p class=\"wp-block-verse\" style=\"font-size: 18px; text-align: justify;\"\n><strong>What is BRI?&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-verse\" style=\"font-size: 18px; text-align: justify;\"\n>It is an initiative launched in 2013 by China. It aims to<strong>&nbsp;link Asia<\/strong>,&nbsp;<strong>Africa and Europe<\/strong>&nbsp;with a network of land and sea routes. Under this,&nbsp;<strong>big infrastructure projects<\/strong>&nbsp;are undertaken that will also enhance China&#8217;s global influence. The project consists of&nbsp;<strong>land-based Silk Road, Maritime Silk Road, and economic corridors.&nbsp;&nbsp;<\/strong><\/p>\n\n\n\n<div style=\"height:16px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/polscienceweb.com\/wp-content\/uploads\/2021\/12\/Untitled-design-6-1024x576.jpg\" alt=\"\" class=\"wp-image-6908\" srcset=\"https:\/\/polscienceweb.com\/wp-content\/uploads\/2021\/12\/Untitled-design-6-1024x576.jpg 1024w, https:\/\/polscienceweb.com\/wp-content\/uploads\/2021\/12\/Untitled-design-6-300x169.jpg 300w, https:\/\/polscienceweb.com\/wp-content\/uploads\/2021\/12\/Untitled-design-6-768x432.jpg 768w, https:\/\/polscienceweb.com\/wp-content\/uploads\/2021\/12\/Untitled-design-6-1536x864.jpg 1536w, https:\/\/polscienceweb.com\/wp-content\/uploads\/2021\/12\/Untitled-design-6-1170x658.jpg 1170w, https:\/\/polscienceweb.com\/wp-content\/uploads\/2021\/12\/Untitled-design-6-585x329.jpg 585w, https:\/\/polscienceweb.com\/wp-content\/uploads\/2021\/12\/Untitled-design-6.jpg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-verse\" style=\"font-size: 18px; text-align: justify;\"\n>But there have been global concerns. A new term, &#8220;Debt Trap&#8221;, is being used. China started giving billions of dollars in the form of loans to developing countries for these infrastructure projects, due to which some developing nations are in debt to China. These developing nations are unable to keep up with the repayments, and China then gets a chance to demand advantages in exchange for debt relief.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-verse\" style=\"font-size: 18px; text-align: justify;\"\n>For example, when Sri Lanka came under massive debt owed to Beijing, it was forced to hand over control of the Hambantota port ( in Sri Lanka ) project to China for 99 years. This is how countries get trapped, hence the term &#8220;Debt Trap&#8221;. It led China to take control of this strategic port which can also affect India&#8217;s regional security.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-verse\" style=\"font-size: 18px; text-align: justify;\"\n>But due to Covid-19 Pandemic and unsuccessful deals, investments are falling in the BRI project. Lack of transparency and corruption cases have further hit China&#8217;s One Belt One Road initiative. Also, China is no longer giving out hard cash for projects because of criticism over smaller countries&#8217; huge debt owed to China.<\/p>\n\n\n\n<\/details>\n\n\n\n\n<div style=\"height:18px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-text-align-center\">Source: <a href=\"https:\/\/www.business-standard.com\/article\/international\/big-decline-in-china-s-bri-investments-cash-grants-to-africa-report-121121301009_1.html\" target=\"_blank\" rel=\"noreferrer noopener\">Business Standard<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to a report,\u00a0investments in China&#8217;s\u00a0One Belt One Road initiative\u00a0have fallen by 5% since 2019&hellip;<\/p>\n","protected":false},"author":1,"featured_media":6909,"comment_status":"closed","ping_status":"closed","template":"","portfolio-category":[427,429,426],"class_list":["post-6910","portfolio","type-portfolio","status-publish","has-post-thumbnail","hentry","portfolio-category-427","portfolio-category-december-2021","portfolio-category-newsfeed"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>China&#039;s\u00a0Belt and Road Initiative (BRI) - Politics Science News<\/title>\n<meta name=\"description\" content=\"It is an initiative launched in 2013 by China. 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