Connect with us

Indo-Pak News

Chinese-Funded CPEC Project Hit Hard By COVID-19; Went From ‘Rocks To Peanuts’



Even though China might be the first one to recover from the ongoing pandemic, but COVID-19 has drowned many economies, got businesses bust and hampered some of the most ambitious and well-financed projects including the Chinese-funded Belt and Road Initiative (BRI).

US Demonstrates Technology To Launch A ‘Drone From A Drone’ & Recover It Back Mid-Air

Started in 2013, the Belt and Road (previously known as the One Belt One Road or New Silk Route) has never faced such setbacks as it has in 2020, especially with its flagship project of China-Pakistan Economic Corridor (CPEC).

According to reports, Andrew Small of the German Marshall Fund has been questioning the credibility of the CPEC.


Building South Balochistan: Tender for an important section of M-8 construction. Will improve the connectivity of Gwadar Port, revolutionise socio-economic dev of the region, bring prosperity, address long term deprivation, Something people been waiting for decades #cpec #CPECMakingProgress – Tweet By A.S Bajwa

“Even before the pandemic, CPEC had stalled. Not only the figures commonly cited for the total package of projects under this framework since its launch in 2015- which runs as high as $62 billion – no longer accurate, investments of that magnitude are not under consideration either,” he says. He further quotes a Chinese official claiming the project has resized from “rocks to peanuts”.

The BRI’s credibility has always been in question, whose ambitions are deemed to be “too generous to be true”. Beijing has also been accused of neocolonialism and debt-trapping smaller countries for long term profits under the cover of this project.

In a detailed report by Manoj Kewalramani and Agastya Bhatia in Takshashila institution states that China has, in response to the pandemic and global geopolitics, begun to “readjust its priorities on the BRI, reports Times of India.

However, the debt-trapping scenario might just not apply in the case of Pakistan. “The two sides have so far been cautious on debt-financing than has been seen elsewhere on the BRI,” Andrew Small said.

The pandemic has indeed been a setback for the Chinese. Most of the workforce and labour had to bear the brunt of lockdowns imposed around the world, hampering the construction activities. It is also said that CPEC stalled after the election of PTI government led by PM Imran Khan in Islamabad.




putin-russia putin-russia
EurAsian Region4 hours ago

Forget Crimea, Ukraine Threatens To Drag Russia To The UN Over A Popular Dish

Russia and Ukraine are locking horns in yet another confrontation, though not over some territory, but over a traditional soup...

Asia Pacific4 hours ago

How Indian Soldiers ‘Out-Smarted’ Chinese PLA Troops & Deployed Their T-72 Ajeya Tanks Over Key Heights?

Penned By Ayush Jain. Edited By Syed Shafiq

Asia Pacific8 hours ago

India, Myanmar Accelerate ‘Defence Ties’ As New Delhi Looks To Counter Growing Chinese Clout In The Country

While India has been actively challenging China’s expansionist strategy on the border along the Line of Actual Control, it is...

Featured9 hours ago

CAUGHT LIVE: Australian Soldier ‘Caught On Camera’ Shooting Unarmed Afghan Prisoner

In a shocking revelation, a US Marine has told Australia’s National Broadcaster, ABC, that the Australian Special Forces killed an...

Americas17 hours ago

DE-CODED: Why US’ 6th-Gen Fighter Jets Could Be Nothing But Modified F-22 Raptors & F-35 Jets?

Lockheed Martin’s fifth-generation F-35 stealth fighter jets have cemented United States’ reputation as an absolute powerhouse when it comes to...

Americas19 hours ago

Awed With Chinese & Turkish Drones, US Pours In Billions Of Dollars To Develop ‘Drone Killers’: WATCH

Drones or unmanned vehicles are becoming a major threat as more and more countries are developing and relying on it....

Featured20 hours ago

WATCH: Tibetan Soldiers Singing Indian Patriotic Song In Ladakh; Vow To Take Revenge From China

In a display of unity and solidarity, the Tibetan soldiers belonging to the Special Frontier Force (SFF) sang a patriotic...

Americas1 day ago

Japanese F35s, US Navy Display Their ‘Muscle Power’ Amid Chinese Belligerence In The Indo-Pacific

The US and Japan are continuing the efforts to thwart Chinese influence in the Indo- Pacific region with joint military...

Expert Reviews1 day ago

Not LCA Tejas, This Was India’s 1st Indigenous Fighter Jet That Terrorized Pak Air Force Without Even A Single Loss

Aatmanirbhar Bharat or self-reliant India is the new slogan introduced by the current BJP government, but the importance of building...

India-UAE India-UAE
Featured1 day ago

Why Satellite Hacking Has Become The ‘Biggest Global Threat’ For Countries Like US, China, Russia & India?

The US Air Force in April this year organised a hackathon to test the vulnerabilities of its military satellites in...