The Eur Asian Times
Jayanta Kalita
January 9, 2021
Unlike China’s ‘iron brother’ Pakistan, which has rolled out the red carpet for its BRI projects, Southeast Asian nation Myanmar is set to clip the wings of the dragon.
China may be aiming to conquer the world with its ambitious Belt and Road Initiative (BRI) undermining local sentiments in certain host countries, but the dragon is not invincible it seems. Myanmar is one country where citizens are resisting aggressive and intrusive policies Beijing is known for.
A global infrastructure strategy, BRI reflects President Xi Jinping’s
dream of taking China to the ‘numero uno’ spot in the world. It
envisages road, rail, and port projects in six economic corridors spread
across Southeast Asia, South Asia, Middle East, Africa, and Central and
Eastern Europe.
No wonder, the Communist regime has already incorporated the BRI in the country’s Constitution as China plans to invest $1.5 trillion in the next decade.
According to global financial services group Nomura, more than 80 countries are likely to benefit from the BRI project. At the same time, it “will have enormous economic, geopolitical and investment implications for China”, Nomura warns.
No wonder, the Communist regime has already incorporated the BRI in the country’s Constitution as China plans to invest $1.5 trillion in the next decade.
According to global financial services group Nomura, more than 80 countries are likely to benefit from the BRI project. At the same time, it “will have enormous economic, geopolitical and investment implications for China”, Nomura warns.