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South Asia

China seeks to extend Belt and Road Initiative to Afghanistan | Source: Eastern Eye

A metro project built under the China-Pakistan Economic Corridor (CPEC) in Lahore.

CHINA has expressed hope to extend its multi-billion-dollar Belt and Road Initiative (BRI) into Afghanistan.  With the Taliban in control of Afghanistan and the complete withdrawal of the US troops, China appears to be chalking out plans to extend its BRI to Afghanistan besides investments to exploit the rich minerals and highly lucrative rare-earth mines in Afghanistan. Rare-earth metals, which are key components for a host of advanced technologies like iPhones and hi-tech missile guidance systems, were estimated to be worth anywhere between $1 trillion (£720 bn) and $3 trillion (£ 2.1 trillion) in 2020 in Afghanistan.

Source: Eastern Eye


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