China’s Belt And Road Initiave Falling Apart | BRI | Chinese Debt Trap

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<span style="font-family: Arial, Helvetica, sans-serif; font-size: small; color: rgb(33, 33, 33);"><font face="arial, sans-serif" size="4">Amongst the many economies suffering from the pandemic’s distress, </font></span><span style="color: rgb(33, 33, 33); font-family: arial, sans-serif; font-size: large;">China’s economy has also slumped drastically. </span><span style="font-family: Arial, Helvetica, sans-serif; font-size: small; color: rgb(33, 33, 33);"><font face="arial, sans-serif" size="4">As per recent reports, lending under the BRI has come down, </font></span><span style="color: rgb(33, 33, 33); font-family: arial, sans-serif; font-size: large;">from USD 75 billion in 2016 to just USD 3 billion in 2020. </span><span style="font-family: Arial, Helvetica, sans-serif; font-size: small; color: rgb(33, 33, 33);"><font face="arial, sans-serif" size="4">Other problems plaguing Xi Jinping's Dream Venture are corruption, </font></span><span style="font-family: arial, sans-serif; font-size: large; color: rgb(33, 33, 33);">lack of financial transparency, unfair loan conditions, </span><span style="font-family: arial, sans-serif; font-size: large; color: rgb(33, 33, 33);">fears of debt-traps and adverse social and environmental impacts. </span><span style="font-family: arial, sans-serif; font-size: large; color: rgb(33, 33, 33);">As reported by The Kabul Times, China’s partner in crime, </span><span style="font-family: Arial, Helvetica, sans-serif; font-size: small; color: rgb(33, 33, 33);"><font face="arial, sans-serif" size="4">Pakistan has completed just 32 BRI Projects of the total 122 announced. </font></span><span style="color: rgb(33, 33, 33); font-family: arial, sans-serif; font-size: large;">Given China is working on the dipping growth rate, </span><span style="font-family: arial, sans-serif; font-size: large; color: rgb(33, 33, 33);">Beijing is likely to pump less money into the BRI projects as well.</span></p>