About 20 per cent of projects under China’s ambitious Belt and Road Initiative (BRI) to link Asia, Europe and beyond have been “seriously affected” by the coronavirus pandemic, an official from China’s Ministry of Foreign Affairs said on Friday.
According to a survey by the ministry, about 40pc of projects have seen little adverse impact, and another 30-40pc have been somewhat affected, said Wang Xiaolong, director-general of the ministry’s International Economic Affairs Department, at a news briefing in Beijing.
“About 20pc percent of the projects have been seriously affected,” he said. Wang did not give any details.
Of $62 billion total pledged belt & road investments, $19 billion China has already invested in Pak.
In exchange for this $19 billion, Pak will need to pay $40 billion back to china over next 20 years, in addition to 90:10 profit sharing in favor of china. Perfect debt trap!
https://www.google.com/amp/s/www.wsj.com/amp/articles/chinas-belt-and-road-initiative-puts-a-squeeze-on-pakistan-11554289201
Self induced pain…
We can feel China. Our BRT is also affected.
The projects of whole world are affected, economies are affected. Have patience and pray to Almighty.
CHINA must regularize her food industries .Pakistan should sign an agreement regarding food industry
Your country is just another province of China.