Security forces near a sign that reads “First Pakistani Branch in China” in Gwadar. Photo: Bloomberg
Explained: Belt and Road Initiative
- Supporters laud it as a bold initiative that fulfils the needs of emerging markets for infrastructure investment
- But critics warn of a lack of transparency and sustainability, while some countries have re-evaluated deals
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Belt and Road Initiative
Security forces near a sign that reads “First Pakistani Branch in China” in Gwadar. Photo: Bloomberg