News > China’s Belt and Road initiative on brink of crisis as numerous projects fail
China’s Belt and Road initiative on brink of crisis as numerous projects fail
Indian Defense News | 11/08/2022 12:47 PM | Click to read full article
China-promoted Belt and Road initiative (BRI) is currently at a crucial point due to mismanagement as several key projects under its umbrella have either failed to take off or produced mixed to poor results.
When the CPEC agreements were signed, Pakistan's government called Gwadar "the economic future of Pakistan," however the CPEC is on the verge of crisis, as is the BRI itself due to mismanagement, debt crises and corruption.