Central Asia has become key to China’s trillion-dollar Belt and Road Initiative. Read more at straitstimes.com.
Around 150 countries have received Chinese funds to build roads, ports, railways or hydroelectric dams.
Mr Xi will host the leaders of the five countries in the western city of Xi’an this week for a summit Beijing has described as of “milestone significance”. Russia’s war in Ukraine, she said, only “pushed Central Asian countries deeper into China’s embrace”.In 2019, protests broke out in Kazakhstan, which has described itself as the “buckle” in the Belt and Road project, over perceived Chinese expansionism in the country.
“China has developed a system of ‘Bailouts on the Belt and Road’ that helps recipient countries to avoid default, and continue servicing their BRI debts, at least in the short run,” a report published in March by the US-based research lab Aidata said.
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