NEW DELHI: A decade ago, Chinese President Xi Jinping launched what was touted as a global infrastructure initiative that promised to build connectivity and economic prosperity. Launched as ‘One Belt One Road’, it was subsequently renamed as the Belt and Road Initiative (BRI). The idea was to sort of recreate China’s Old Silk Road that connected Asia with Europe and Africa, by a network of infrastructure projects. The initial euphoria was short-lived and many countries realized that the move was actually a debt trap that brought nothing but gloom and doom, as StratNews Global Editor-in-Chief Nitin A. Gokhale explains in this episode of ‘Simply Nitin’.
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