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Impact of COVID-19 pandemic on Chinese BRI projects
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China recently published a report titled `Belt and Road Infrastructure Development Index (BRIDI) 2020’ jointly brought out by the China International Contractors Association, the country’s organization of overseas industrial contractors, and the China Export & Credit Insurance Corporation (SINOSURE).
The report analyses the BRI’s momentum and scope of work in 71 countries from various perspectives including impact on the environment, demands, costs, and local sentiments. Ironically, the report also included India as one of the BRI countries placing it at the 11
th position in the overall rankings. The Report reveals that COVID-19 posed one of the biggest challenges to BRI in 2020 and BRIDI fell to its lowest mark in a decade faced with worsening conditions for trade and investment & rising global risks and vulnerabilities.