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Belt and Road Initiative (BRI)

  • Category
    World Affairs
  • Published
    10th May, 2019
  • Recently, China held its 2nd Belt and Road Forum (BRF) to showcase its trillion-dollar Belt and Road Initiative (BRI) without India's presence for the second consecutive time, while 37 heads of the state and government, including from Pakistan, attended the three-day grand event.
  • India has been boycotting the BRI to protest over the USD 60 billion China-Pakistan Economic Corridor (CPEC) being laid through the Pakistan-occupied Kashmir.

Issue

Context:

  • Recently, China held its 2nd Belt and Road Forum (BRF) to showcase its trillion-dollar Belt and Road Initiative (BRI) without India's presence for the second consecutive time, while 37 heads of the state and government, including from Pakistan, attended the three-day grand event.
  • India has been boycotting the BRI to protest over the USD 60 billion China-Pakistan Economic Corridor (CPEC) being laid through the Pakistan-occupied Kashmir.
  • Besides India's protests over the CPEC, China's doling out of huge sums of money specially to smaller countries raised concerns after Beijing acquired Sri Lanka's strategic Hambantota port on a 99-year lease as a debt swap.
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