China’s trans-national Belt and Road Initiative (BRI) has hit a roadblock as the Covid-19 pandemic continues to flare. Al Jazeera reports that most construction has been halted to stop the spread of the virus, with 20 percent of projects being seriously impacted. Now, many countries fear they may not be able to pay back their loans to China or meet their deadline obligations.
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Tensions have risen to new heights in the years since Xi Jinping took power as both General Secretary of China Communist Party and President of the People’s Republic of China in 2012, as seen in the maritime disputes over the development of the ambitious Belt and Road Initiative (BRI).
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China’s Belt and Road Initiative just gained Italy, Europe’s fourth-largest economy agreed to sign on to China’s signature global trade agreement, indicating an expansion of China’s economic influence in Europe.
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