China’s Belt and Road Initiative (BRI) encounters rejection!!!!; heres why it did
The Chinese Belt and Road Initiative (BRI) ambition struck a rough patch with three nations, Pakistan included.
Pakistan itself has cancelled large hydroelectric project contracts worth almost $20 billion with Chinese firms.
While New Delhi, which has stayed out of the BRI citing territorial and other concerns, declined to comment officially, a senior officer privately hinted that this “could signify a blowback, or rejection, of China’s imperialist, hegemonistic approach towards its Asian neighbours.
In mid-November, Pakistan withdrew its request to include the $14-billion Diamer-Bhasha Dam on the Indus River in the China-Pakistan Economic Corridor (CPEC) framework, citing unacceptable Chinese conditions.
Beijing on November 20 decided to stop funding three major road projects that are part of the corridor, citing reports of corruption.>