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RSS FeedsIs Nepal falling into a Chinese debt trap?
(WorldNews Pakistan)

 
 

19 november 2018 09:13:21

 
Is Nepal falling into a Chinese debt trap?
(WorldNews Pakistan)
 


Chinaīs Belt and Road Initiative (BRI) has ambitions to reshape the global economy by connecting more than 60 countries across Asia, Europe and Africa through trade and infrastructure projects. All told, itīs envisioned that nearly two-thirds of the worldīs population will in some way be connected through BRI projects in the future. Some economists estimate BRI could increase global trade by 12%. Despite these benefits, many questions have been raised about Chinaīs motivations for the initiative, and whether Beijing can afford the $1 trillion it has committed to infrastructure projects and its partners can afford the debt they are taking on. Some fear BRI could be a Trojan horse for global...


 
11 viewsCategory: General > Asia > Pakistan
 
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