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Beijing [China]16th Jan (ANI): China started the BRI project with Pakistan a few years ago, but Pakistan realized that its citizens and infrastructure were not benefiting from it, it was only providing land and rail facilities to China to transport its goods to Europe Pakistan, by Nectar Gan for the Singapore Post.
Gan said China refused to explain what went wrong with Pakistan’s Belt and Road experiment.
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In 2022, China Development Bank will have 16,000 China-Europe trains, a year-on-year increase of 9%. The trains carried cargo worth 1.6 million standard containers.
The West Land-Sea New Corridor train has completed a cumulative throughput of 756,000 containers, a year-on-year increase of 18.5%. The China-Laos Railway will transport 9 million passengers in 2022,
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China has called the projects milestones of progress, shifting the focus of its foreign policy from domestic development to external influence. Thus, a new BRI push has begun, Gan writes for the Singapore Post.
According to media reports, since China’s rise, its broader and integrated geoeconomic agenda has been to expand its influence over distant markets and trading enterprises. The ultimate goal is to provide countries around the world with a non-US alternative.
According to the Hong Kong Post, the Hong Kong Post recently reported that although some Nigerian politicians cheered China’s “Belt and Road” initiative, the “Belt and Road” initiative has led to debt sustainability problems, and Nigerian locals have been excluded from decision-making and project implementation. outside.
Temitope Runsewe, managing director of Nigerian engineering and construction firm Dutum Company Limited, observes, “These Chinese companies come out with cheap money from China…they will tell their government, ‘Just show us the project and we’ll I’ll be” I’ll organize and start building. According to the Hong Kong Post, most of our government officials simply give in to such extreme temptations instead of strengthening local capabilities. (Ani)
(This is an unedited and auto-generated story from a Syndicated News feed, the content body may not have been modified or edited by LatestLY staff)
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