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China’s Belt and Road Investment Is Losing Steam

Started by Epoch-Times-Bot, Sep 28, 2022, 02:30 PM

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Epoch-Times-Bot

Sep 28, 2022, 02:30 PM
China's Belt and Road Investment Is Losing Steam

News Analysis
The Chinese economy is flagging while Belt and Road Initiative (BRI) countries deal with debt and inflation. In the first half of 2022, China's overall BRI investment slowed, with zero money flowing into Russia.
Launched in 2013, the BRI (also known as "One Belt, One Road") is Chinese leader Xi Jinping's plan to expand China's reach globally—with roads, maritime routes, telecommunications, computer grids, and banking networks that would run through most of the world's countries.
The basic BRI model is that China provides loans, often at high-interest rates, to countries to build infrastructure such as highways, power generation stations, railroads, and airports. Most of the construction work is carried out by Chinese companies using Chinese labor and raw materials....

Source: China's Belt and Road Investment Is Losing Steam

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