Belt & Road Initiative Failing as Debt Fears Grow and Countries Exit
Joining BRI was an “atrocious” decision and a “big mistake.” These words mark Italy’s decision to exit China’s global Belt and Road initiative in 2024.
And by the looks of it, Italy will not be the only one.
After Sri Lanka’s default in 2022, the participating countries in BRI are searching for a smooth exit. With such fears of debt on the rise, China is struggling to fulfill its foreign policy goals.
What does Italy’s exit from BRI mean for China? Will it be able to convince other countries to jump on board?
Let’s find out.
In today's video we look at Belt & Road Initiative Failing as Debt Fears Grow and Countries Exit
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Inspired by Italy, largest economy to sign China's Belt & Road pact, weighs how to exit the initiative | DW News
Inspired by Report: China's Belt and Road loans are putting borrowers and Chinese banks in danger | DW news
Inspired by More countries are struggling to pay back Chinese debt | DW Business
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