South East Asian peers back India’s stance on Belt and Road Initiative - News Summed Up

South East Asian peers back India’s stance on Belt and Road Initiative


About half the people surveyed recognised that China has superior regional influence than the US. 60% of the respondents said US global power has declined in the past year. One third thought the US has completely lost its influence in the region.India has not joined BRI and has expressed strong reservation on the funding pattern and objectives of the plan. India has made no bones about the fact that big Chinese loans under BRI are pushing countries towards a debt trap. The announcement emphasised that while German firms need the Chinese market, the Chinese government had refused to provide necessary market access.


Source: Economic Times January 20, 2019 17:48 UTC



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