Sharma Oli on Monday ruled out signing any loan agreement under the Chinese regime's Belt and Road Initiative (BRI) during his upcoming official visit to China next month.

China’s BRI, also referred to as "One Belt, One Road" or the "New Silk Road," is one of the world’s most ambitious and controversial development programs.

(Mark Schiefelbein, Pool/AP Photo) Panama severed its ties with Taiwan in 2017 and months later signed onto the Belt and Road Initiative, the Chinese regime’s global infrastructure project that critics said has trapped poor countries in debt.

Originally called "One Belt, One Road," China’s BRI combines the Silk Road Economic Belt, which has six development corridors: the New Eurasian Land Bridge Economic Corridor; the China–Mongolia–Russia Economic Corridor; the China–Central Asia–West Asia

China is a close ally of Pakistan, investing over $65 billion in infrastructure under the China–Pakistan Economic Corridor (CPEC), which is part of Beijing's Belt and Road Initiative (BRI).

Shelton believes that Australia's politicians need to make a stand against the political system in mainland China, which is increasing its military might and using "debt diplomacy" to make countries signed up to its One Belt One Road infrastructure project

Macron could only have been talking about China’s well-known illegal, unreported, and unregistered fishing, and debt trap loans under the Belt and Road Initiative.

Belt and Road Project Funding "Often government agencies that have taken on this debt really have no idea of the specifics of the transaction, I mean the loan terms, the interest rate, et cetera," said Siddhartha Ghose, an associate director of the Transparent

Its Belt and Road Initiative? A debt-trap diplomacy, if there ever was one. The Confucius Institutes? Soft power ploys aimed at infiltrating and influencing Western academia. The rampant intellectual property theft?

In recent years, Beijing has increasingly financed infrastructure projects in the Pacific under its “One Belt, One Road” (OBOR, also known as Belt and Road) initiative, a loan program rolled out in 2013 that seeks to invest in infrastructure projects

The Belt and Road Initiative is a “cornerstone” of Xi Jinping’s plan for China’s supremacy as a regional and global power, says a 2018 report by the Canadian Security Intelligence Service (CSIS) based on an academic workshop.

“One Belt, One Road” (OBOR, also known as Belt and Road) is an investment initiative announced by Beijing in 2013 that aims to build up trade routes in Asia, Europe, and Africa through Chinese-financed infrastructure projects.

Madhav Nalapat, a geopolitical analyst, told The Epoch Times that India's state policy doesn't endorse the Chinese regime's Belt and Road Initiative projects, which have created massive debts for host nations.

(Du Yu/Xinhua via AP) Approximately 30 U.N. institutions signed memoranda that support China’s Belt and Road Initiative (BRI), which is essentially Chinese export promotion, checkbook diplomacy, and debt trap financing wrapped into one and masquerading

As these countries’ economies contract, they find it more difficult to make interest payments on their Belt and Road Initiative (BRI) loans from China.

"We've made it clear that [China's] 'One Belt, One Road' is not the only alternative for countries there," the official said, adding that the administration has provided "over $50 million of U.S. government money towards this effort."

Cuba and China have signed a cooperation plan to push forward construction projects under Beijing’s controversial overseas infrastructure program, the Belt and Road Initiative (BRI), which has saddled many participating countries with heavy debt loads

While they didn't directly reference China’s One Belt, One Road (OBOR) initiative at the time, U.S. officials and critical voices in OBOR countries have called Beijing’s investments a “debt trap.”

Esper also highlighted the One Belt, One Road Initiative (OBOR, or Belt and Road), China’s ambitious global infrastructure financing project, as a way for Beijing to coerce other countries into “sub-optimal security decisions.”

BRI, previously known as One Belt, One Road, is a massive global investment strategy started by the CCP aimed at bolstering its economic and political influence across Asia, Europe, Africa, and South America.

In late 2024, Brazil became the latest major economy to reject the BRI, also known as "One Belt, One Road," following India and Italy in distancing itself from Xi’s global infrastructure project.

That drew CCP bragging rights, international applause, major investment to China, and the export of the model internationally under the Belt and Road Initiative.

Debt-Trap Diplomacy Since China launched its One Belt, One Road initiative to connect not only Africa but also other parts of Asia and Europe through the construction of a network of railways and roads, there has been widespread criticism, not least because

What is the Belt and Road Initiative?

The Belt and Road Initiative (BRI)—also known as One Belt, One Road or OBOR—is a plan for the Chinese regime to invest trillions of dollars to build critical infrastructures, such as bridges, railroads, ports, and energy facilities, in dozens of countries

Political Power Over Profit Politically, the BRI, also known as One Belt, One Road, is a cornerstone of the global strategy of the Chinese Communist Party (CCP).

Africa is central to the regime's "One Belt, One Road" (OBOR, also known as Belt and Road) initiative in expanding geopolitical influence, which includes access to Africa’s oil, natural resources, and strategic location.

There is growing international concern about China’s ties with Cambodia, one of the earliest supporters of the One Belt, One Road initiative (OBOR, also known as Belt and Road).

In 2018, Portugal became the first European country to sign up to Beijing's infrastructure investment plan, the Belt and Road Initiative (BRI, also known as One Belt, One Road).