Daily Cuts - Analysis: Success and failures of Belt & Road Initiative after 10 years
It’s been 10 years since China launched its Belt & Road initiative and Beijing is holding their 3rd BRI forum for International Cooperation today. It’s a 2-day summit and Russian President Vladimir Putin is expected to attend the event and meet President Xi Jinping in person. The Belt & Road Initiative has been faced with criticism for burdening developing nations with debt. But for countries along the Belt and Road, imports and exports have more than doubled since the launch of the ambitious infrastructure project. Alex Capri is Senior Lecturer from NUS Business School. He describes the success and failures of the project by Beijing.