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As Kyrgyzstan and Pakistan deal with paying back their large Chinese loans amid growing economic pressure, the Belt and Road is having to adapt to a cascade of countries in economic distress and facing potential default. How Beijing responds could have far-reaching consequences.
As Kyrgyzstan and Pakistan deal with paying back their large Chinese loans amid growing economic pressure, the Belt and Road is having to adapt to a cascade of countries in economic distress and facing potential default. How Beijing responds could have far-reaching consequences.
Fudan University's Christoph Nedopil Wang explains his latest research on the Belt and Road Initiative adapting to growing economic risk and why Chinese investment is falling in Russia and Pakistan.