Belt and Road initiative

Chinese Foreign Minister Wang Yi visits to Eritrea Kenya and Comoros in Africa

For the last 32 years, a Chinese Foreign Minister typically begins his new year with an official state visit to Africa. This year, Chinese Foreign Minister Wang Yi also started 2022 with visits to Eritrea, Kenya and Comoros in Africa. This Chinese diplomatic custom for the new year highlights the importance Beijing attaches to the resource-rich continent of Africa. However, the latest tour of the Chinese Foreign Minister Wang Yi

Chinese Debt Trap set to take serious beating globally

The world has very well realized the cost of Chinese debt. The Chinese are known to offer cheap loans to smaller nations and force unneeded infrastructure projects leading to bankruptcy and debt trap. Right from the Pacific to Latin American, from Africa to Europe and Asia, the number of countries facing an economic crisis, Chinese blackmail and local unrest due to the Chinese debt trap is large. However, the pandemic

UAE Invites India for 12th Sir Bani Yas forum to discuss connectivity from India to Mediterranean

The Belt & Road Initiative (BRI), also known as One Belt One Road (OBOR), is the global infrastructure brainchild of Chinese President Xi Jinping and is the centrepiece of his foreign policy. Under it, Beijing has invested about $843 billion in nearly 163 countries. However, as China faces increasing economic challenges at home and abroad, this initiative is declining significantly. Not only is China reducing pouring money into it, but

Kuwait's political instability leading to an economic crisis

Kuwait Investment Authority or the KIA is among the five largest sovereign wealth funds in the world. KIA is also the world’s oldest sovereign wealth fund. Yet, despite such an impressive profile, political infighting in Kuwait threatens the KIA and may fuel an economic crisis. Sabah al-Ahmad al-Jaber al-Sabah, the 15th Emir or the ruler of Kuwait, was an influential figure in the Middle East. He passed away in September

Italy calls for review of China’s Belt & Road Initiative

Just before the pandemic began, China had found a very close friend in the form of then Italian Prime Minister Giuseppe Conte. China considered him as their entry gate into the European Union. The friendship became so close that Conte ditched the traditional pro-Western Italian foreign policy and joined China’s Belt & Road Initiative, which is infamous globally as the ‘Chinese debt trap’. Under Conte, the Chinese influence in Italy