China’s BRI runs into a wall
Smaller nations like Nepal and Sri Lanka are increasingly subjecting the Chinese investment model to greater scrutiny as they realise that it takes away more from them than it offers
Smaller nations like Nepal and Sri Lanka are increasingly subjecting the Chinese investment model to greater scrutiny as they realise that it takes away more from them than it offers
China cannot give up its newly- won access to the Indian Ocean and Myanmar's strategic importance to Beijing cannot, therefore, be overestimated.More than 60 per cent of the world’s oil shipments pass through the Indian Ocean from the Middle East’s oil field to China, Japan and other strong economies in the region, as does 70 per cent of all container traffic to and from the Asian industrial countries
With China taking greater interest in the internal politics of Nepal and funding several projects in the country, all eyes in the neighbourhood are on the Himalayan nation. However, as most of the projects awarded to Chinese firms lie in limbo and mired in cost-overrun, it is time that Kathmandu pauses to evaluate its engagement with the dragon
Shalini Sharma