Has China’s Belt and Road Initiative failed?1 min read . Updated: 20 Sep 2022, 10:31 PM IST
BRI’s critics have argued that apart from these economic goals, China also hoped to expand its political footprint with debtor nations.
China’s Belt and Road Initiative is in trouble. After a spate of defaults from Sri Lanka to Zambia, Beijing’s grand quest for economic dominance seems to have ground to a halt with devastating consequences for developing economies and Beijing’s global ambitions. Mint explains what has gone wrong in the initiative.
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