Italy’s undersecretary of state Michele Geraci stated that the BRI is a debt trap for Sri Lanka, Malaysia and maybe Pakistan!
In early 2019, several states in Middle East announced their interest in the port of Gwadar in Pakistan. The port of Gwadar is the flagship project of China-Pakistan Economic Corridor (CPEC). With the opening of the CECP to the rest of the world, the port of Gwadar is likely to become a major hub connecting China, South Asia, the Middle East and Africa.
The China-Pakistan Economic Corridor (CPEC) is now officially open to all international investors. This is an invitation sent to Europe to participate in this major program that will transform Pakistan and South Asia.
On 10 April 2017, the Chinese Academy of Social Sciences (CASS) and the China Bond rating agency, unveiled the results of their report on the Belt and Road initiative at a press conference. According to their results, China has invested
In early March 2017, Ms. Fu Ying, spokesperson for the 5th annual session of the 12th National People’s Congress of China, encouraged India to integrate the OBOR initiative. But until now India has shown reluctance to this proposal. a) OBOR