Harry Broadman |
Harry Broadman:
Only after criticism was voiced by a number of countries that Beijing was looking to sign up that the OBOR labelling conveyed China’s aim for regional domination did Xi ordered the “One” to be dropped. However, by the time the change was implemented damage has been done. In May 2017, Xi held a Belt-Road gala, but less than half of the 65 partnering countries were represented by heads of state. At the close of the summit, Xi issued a “joint” communique, but it was signed by only 30 countries. Not an overwhelming endorsement.
And in the beginning of December 2017, Pakistan, Nepal and Myanmar announced they cancelled or sidelined three major Chinese hydroelectricity Belt-Road projects worth nearly $20 billion due to unfavourable financing terms or irregularities in the sponsoring firms’ irregularities.
As China continues to roll out its Belt-Road program it would do well to work in full collaboration from the ground up with proposed partner countries.More in the Gulf News. Harry Broadman is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers' request form.
Are you looking for more experts on the "One Belt, One Road" initiative at the China Speakers Bureau? Do check out this list.
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