Chinas BRI May Never Get Back On Road2
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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&rsquo;s distress,&nbsp;</font></span><span style="color: rgb(33, 33, 33); font-family: arial, sans-serif; font-size: large;">China&rsquo;s economy has also slumped drastically.&nbsp;</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,&nbsp;</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.&nbsp;</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&#39;s Dream Venture are corruption,&nbsp;</font></span><span style="font-family: arial, sans-serif; font-size: large; color: rgb(33, 33, 33);">lack of financial transparency, unfair loan conditions,&nbsp;</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.&nbsp;</span><span style="font-family: arial, sans-serif; font-size: large; color: rgb(33, 33, 33);">As reported by The Kabul Times, China&rsquo;s partner in crime,&nbsp;</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.&nbsp;</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,&nbsp;</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>
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