Nepal and China signed a memorandum of understanding on BRI in 2017. Nearly seven years since, not a single project under the initiative has either been executed or negotiated as successive governments in Nepal have been averse to borrowing loans from Beijing unlike Sri Lanka and Pakistan, according to Nepal watchers.
Indonesia’s new high-speed rail system signals to Southeast countries that the Belt and Road Initiative remains a viable option for development, writes Menghu Xia (UNSW).
Menghu Xia | East Asia Forum eastasiaforum.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eastasiaforum.org Daily Mail and Mail on Sunday newspapers.
Italy's BRI membership was due to renew automatically in March 2024 before it officially notified China that it was withdrawing from the initiative by 2023-end.