December 28, 2025 03:37 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
CBI moves Supreme Court challenging Kuldeep Sengar's relief in Unnao rape case | Music under attack: Islamist mob attacks James concert with bricks, stones in Bangladesh, dozens hurt | Christmas vandalism sparks mass arrests in Raipur; Assam acts too with crackdown on 'religious intolerance' | BJP's VV Rajesh becomes Thiruvananthapuram Mayor after party topples Left's 45-year-rule in city corporation | ‘I can’t bear the pain’: Indian-origin father of three dies after 8-hour hospital wait in Canada hospital | Janhvi Kapoor, Kajal Aggarwal, Jaya Prada slam brutal lynching in Bangladesh, call out ‘selective outrage’ | Tarique Rahman returns to Bangladesh after 17 years | Shocking killing inside AMU campus: teacher shot dead during evening walk | Horror on Karnataka highway: sleeper bus bursts into flames after truck crash, 9 killed | PM Modi attends Christmas service at Delhi church, sends message of love and compassion
China

China's BRI will certainly be plagued by delays: Expert

| @indiablooms | Aug 10, 2020, at 01:58 am

Amid COVID-19 pandemic spread and lockdowns, experts feel that China's Belt Road Initiative (BRI), which was previously known as the ‘One Belt One Road’ (OBOR), might not be shelved but certainly be plagued by delays.

"The Chinese economy has contracted by 6.8 percent in the first quarter of 2020, with a slowdown already underway, Beijing is being careful about new investments,"  independent analyst on Latin America and Global Affairs Syed Ali wrote in an opinion piece published in Financial Express.

"It is likely to prioritize mitigating the financial impact of the virus and resolving the trade war with the United States over rolling out new overseas infrastructure projects," he said.

He said the BRI project might even become one of the most expensive in the world.

"The projected cost of the BRI could reach a gargantuan $1.2–1.3trillion by 2027 as predicted by Morgan Stanley, making BRI the most expensive and expansive International infrastructure project ever taken," Ali wrote.

Ali said the worldwide spread of the COVID-19 virus has led to the BRI projects come to a screeching halt.

"We are now heading towards a post-pandemic society, where the new rule book on International cooperation is yet to be scripted since the pre-Covid rules have been deemed irrelevant around the world.

"The lockdown has been a period of reflection for the people and nations alike; culminating in the revision of domestic and international policies. India has embarked on a policy of Self-dependence and many other countries have downgraded their relationships with China," he wrote.

"However, in South Asia, Pakistan, Sri Lanka, Nepal, Bangladesh, and the Maldives, remain to be major recipients of Chinese assistance during the crisis despite the international criticism of China's role in the pandemic," he said.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.