China stops investing in third countries under BRI; Debt-trap diplomacy fallout?

Nine years after it was launched by President Xi Jinping, the Belt Road Initiative (BRI) appears to have lost steam with virtually no new Chinese investment in third countries post-Covid pandemic. While a section of Beijing watchers believe that this is an indicator of the hit that the Chinese economy has taken during the pandemic and as a result of its zero-Covid policy, the BRI appears to be under revaluation with recipient countries wary of the debt trap and its economic feasibility. Watch this video for more.

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Friday, October 07, 2022
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