Asia Pacific

China’s Belt and Road plans losing momentum, according to a study by AidData | Source: Euractiv

General view of a construction site in the central business district of the new administrative capital, 45 kilometers east of Cairo, Egypt, 16 March 2021.

China’s vast Belt and Road Initiative (BRI) is in danger of losing momentum as opposition in targeted countries rises and debts mount, according to a study by AidData. The study said an increasing number of China-backed projects have been suspended or cancelled since BRI’s 2013 launch, with evidence of “buyer’s remorse” in countries as far afield as Kazakhstan, Costa Rica and Cameroon. AidData said $11.58 billion in projects in Malaysia have been cancelled over 2013-2021, with nearly $1.5 billion cancelled in Kazakhstan and more than a $1 billion in Bolivia. The survey found that 35% of BRI projects were struggling with corruption, labour violations, environmental pollution and public protests. AidData’s study received funding from a diverse group of private and public organizations, including the Ford Foundation and USAID.

Source: Euractiv


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