Right Here’S Why China’S ‘Belt And Road’ Initiative Is Risky, Assume Tanker Says

Drawing comparisons to China’s investment in Venezuela, Prestowitz said, “It’s not going to be repaid.
“On one hand it will be a way of handling China’s excess capacity and continue to create jobs with investment in China.
Secondly, it creates a kind of a zone of influence for China,” he said.
Announced back in 2013, the China’s “new silk road,” as it’s commonly known, aims to connect Asia, Europe, the Middle East and Africa with a vast logistics and transport network.
To date, China has pledged over $100 billion to finance projects under the OBOR initiative, including the $46 billion China-Pakistan corridor and a high-speed railway connecting China and Singapore.

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