![]() ![]() While Beijing’s rival, India, still opposes the BRI because it runs through disputed territory in Pakistan, other adversaries, such as Japan, are involved. The BRI encompasses much of the globe, with more than 130 countries signing on. And it is not just Chinese allies, like Pakistan, which have embraced the initiative. In Pakistan, around $19 bn worth of energy and infrastructure have supposedly been completed or commenced under the China Pakistan Economic Corridor (CPEC), the BRI’s flagship project. It is firmly established in the global economic landscape.” “Overall, it has really made a lot of headway. ![]() “Its progress has been quite impressive,” said Donghyun Park, an economist at the Asian Development Park, speaking to TRT World in his personal capacity on the sidelines of this year’s Rhodes Forum. The World Bank estimates that more than $500 billion worth of road, railway and other projects are planned or underway. It has been more than six years since the launch of China’s vast global infrastructure project, the Belt and Road Initiative, and in that time, a lot has happened, to put it mildly. Global experts assess the progress and prospects of China’s ‘New Silk Road'.
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