Notably, India has not endorsed the BRI in any previous SCO meetings and summits.
Positioned as an alternative to China’s BRI, IMEC has been challenged by a dramatic geopolitical shock soon after its announcement. So far, only India and the UAE have taken initial steps by signing MoUs. The extent to which US President Donald Trump prioritizes the corridor will be crucial in determining its long-term relevance and success
President Donald Trump reiterated his vow to "take back" the Panama Canal, warning of "powerful" U.S. action over alleged Chinese influence. His remarks followed Secretary of State Marco Rubio’s meeting with Panama’s President Raúl Mulino, who reaffirmed Panama’s sovereignty while acknowledging U.S. concerns. Mulino announced Panama would exit China’s Belt and Road Initiative and seek U.S. investments. Rubio hinted at U.S. intervention under a 1977 treaty if security threats arise. Meanwhile, Panama is auditing a Chinese-linked port operator. Mulino downplayed military action risks but stressed legal steps would follow the audit’s findings.
Fighting corruption related to the Belt and Road Initiative (BRI) will be among the priorities for the Central Commission for Discipline Inspection's work report for 2024 (CCDI), the ruling Communist Party of China's (CPC) powerful anti-graft body, the Hong Kong-based South China Morning Post reported.
The BRI has raised global concerns over China’s debt diplomacy of extending huge loans to smaller countries for unsustainable infrastructure projects.
The massive infrastructure initiative has granted Beijing additional influence, but critics question whether the cost has been worth it
The occasion of Putin’s likely trip to Beijing is the tenth anniversary of the Belt and Road Initiative (BRI), an ambitious Chinese project to expand global trade routes with other nations and extend transport and infrastructure links.
The Whoosh bullet train is a signature BRI project reducing travel time from Jakarta to Bandung from 3 hours to about 40 minutes. But construction got mired in delays and profitability remains a big question. Jakarta is increasingly pushing back against Beijing, insisting that China Railway transfer its technology so that it can produce the trains domestically
The ambitious infrastructure project, which would link India with West Asia and Europe, could boost India’s economic integration with the Gulf and other countries in the region and Europe.
The US wants to use the newly announced India, Middle East, and Europe Economic Corridor as a means to counter China’s Belt and Road Initiative (BRI). The plan’s success would boost India’s global image. This is why India has a key role to play in the project in which 10 developed countries are invested
A declaration issued at the end of an India-hosted virtual summit of the grouping said Russia, Pakistan, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan reaffirmed their support to the BRI.
In the wake of China recently achieving pole position in the neighbourhood by brokering the Iran-Saudi brotherhood, India has moved so as not to be left behind, as also to close the FTA that has long been hanging fire.
Failure of China’s BRI strategy has led to a shift that now focuses on investments that achieve its global goals but with direct benefits to its domestic economy
While neither India nor China want to jeopardise relations with the US and Europe, a weakened Russia scarred by the Ukraine war is not a good outcome either. Though their stand is decidedly different, the West sees both the Asians as pro-Russian. The situation demands diplomatic balance.
Opportunity for developed world to woo recipients of Chinese funds through active investments in productive value chains in these countries and make them a core part of the world economic engine
China is increasingly bitter about the multi-pronged attacks on its projects, and personnel across Pakistan. Popular mood in Pakistan is increasingly tilting against the CPEC due to the high cost of loans, and the resultant debt-trap
In a move perceived as a response to China's Belt and Road Initiative, US President Joe Biden and other G7 leaders outlined ambitious plans to mobilise USD 600 billion in investment by 2027 to deliver transparent and game-changing infrastructure projects in developing nations like India.
The US, European Union and Great Britain have announced separate infrastructure development plans to counter China’s Belt and Road Initiative. These moves are more about geopolitical rivalry than business although they might prove to be of some benefit to India
Countries who are participating in BRI are increasingly wary of falling into a debt trap
With the US withdrawing from Afghanistan, the situation is ideal for China to fill the power vacuum with the help of its all-weather ally Pakistan. Afghanistan’s natural resources, its strategic location and Beijing's own investments in the CPEC are big enough temptations. But will it work?
While parts of the G7 countries fund may later reach India through climate financing and sustainable development grants, officials say its biggest ripple effect will be in containing Chinese influence over India's traditional allies, who have increasingly veered towards Beijing following the Big Dragon's massive infrastructure investments
Beijing has invested more than $50 billion as part of the CPEC to upgrade infrastructure, power and transport links across Pakistan. Travel time across Lahore, a congested city with 11 million residents, has been cut to 45 minutes.
Japan’s limitations are high costs, inflexible procedures and being risk-averse, and it should be engaged to create a partnership based on an economic model leading to a value chain unique to India and Japan
It is not clear how the term beneficial owner should be interpreted under the new rules because of inference issues.
Past crises are proof that Chinese firms acquire discounted assets around the globe