Belt and Road

Fables of Chinese Debt Trap

  The international debt trap is a product of colonial and neo-colonial plunders, imperialist hegemony and neoliberal economic policies imposed by developed countries on developing world. The Asian, African, Latin American and even the capitalist west is suffering from debt due to the dominance of Westphalian capitalist system that controls world economic and politics. However, the reactionary and capitalist ideologues,[Read More...]

The United States Contests the Chinese Belt and Road with a Private Corporation

At the G7 Summit in Germany, on June 26, 2022, U.S. President Joe Biden made a pledge to raise $200 billion within the United States for global infrastructure spending. It was made clear that this new G7 project—the Partnership for Global Infrastructure and Investment (PGII)—was intended to counter the Chinese Belt and Road Initiative (BRI). Given Biden’s failure to pass the Build[Read More...]

Explosion kills 9 Chinese on way to China-invested dam project in Pakistan

Nine Chinese nationals and four Pakistani nationals were killed in a shuttle bus explosion in north Pakistan on Wednesday morning on their way to the China-invested Dasu hydropower project, Daily Dawn reported. The Dasu hydroelectric project is part of  the China-Pakistan Economic Corridor (CPEC), a US$65 billion investment plan under Beijing’s Belt and Road Initiative  that is aimed at connecting western[Read More...]