Civil society calls for the abandonment of the Chinese development project BRI « Khabarhub
An interaction titled “BRI: A Development Project or Chinese Expansionism” hosted by Rastriya Ekata Abhiyan on Saturday.
KATHMANDU: Nepalese civil society has made its voice heard to demand the abandonment of the Chinese development project Belt and Road Initiative (BRI).
Sharing his views during an interaction titled “BRI: A Development Project or Chinese Expansionism” hosted by Rastriya Ekata Abhiyan, lead guest Renu Devi, who is a member of the Madhesi Commission, stressed the need for stop Chinese expansionism in Nepal.
She said, “The BRI project should be canceled in order to stop Chinese expansionism in Nepal. We should learn from the suffering of other countries due to Chinese debt. Therefore, the BRI project should be cancelled.
Similarly, Rastriya Ekata Chairman Abhiyan Vinay Yadav, who chaired the interaction, said that if the BRI project is not scrapped, Chinese expansionism will be entrenched in Nepal. He said: “China plans to sink Nepal in debt on behalf of the BRI. »
He said some of the points in the agreement are very vague and sound like they have multiple meanings. He added that some points are unclear and some points are anti-national, as various media have reported.
Central Vice President Sunita Sah, Central Member Chandra Yadav, Rajesh Yadav Hindu Samrat, Lawyer Kiran Paudel, Madhesh Pradesh Janata Party Samajbadi Party official Kamal Yadav and Nepal Party Central Member Samajbadi Binod Gurung among others, have focused on scrapping the anti-national BRI Agreement.
The Belt and Road Initiative (BRI) is an ambitious development strategy put in place by the Chinese government. Chinese President Xi Jinping proposed the construction of a “Silk Road Economic Belt” during a speech at Nazarbayev University in Kazakhstan in September 2013.
A month later, during his visit to Indonesia, President Xi proposed the construction of the “21st Century Maritime Silk Road”. Later, these two elements were combined and presented as “One Belt One Road” in the plan of the Chinese State Council. It is now called the “Belt and Road Initiative”.
As mentioned in the BRI, “Route” refers to sea route while “Belt” refers to land route. The belt connects the western part of China with Central Asia, Russia, Europe, the Mediterranean Sea, the Arabian Sea, Southeast Asia, South Asia South and Indian Ocean. Similarly, the “Route” connects China to Europe and Africa by sea.
The BRI project covers 65 countries, 4.4 billion people and a third of the world’s GDP.
The BRI project is much larger than the scale of the Marshall Plan, which was created by the United States to rebuild Europe after World War II.
So far, around $1 trillion in investments have been secured for hundreds of projects that are part of the BRI.
A vast network of railways and roads that was unimaginable in the near past is being built across the world as part of the BRI.
Chinese entities such as China Development Bank, Export-Import Bank, Silk Road Fund, Asian Infrastructure Bank are the major investors in the BRI. So far, about five dozen Chinese companies have invested in about 1,800 BRI projects. In most of the projects, China has entered into bilateral agreements with the respective countries where the projects are located.
The BRI has generated both excitement and apprehension around the world. It is said that some small countries risk falling into the debt trap.
Western nations have grown suspicious of China, seeing it as a plan to displace Western powers and the global and regional order ruled by them so far. However, they dared not reject Chinese investment.