India has opposed the project as it’s being built Online Cigarettes Store USA through the disputed territory in Gilgit-Baltistan, in Pakistan-administered Kashmir.
“We made our position very clear that we may not be able to participate in the Belt and Road initiative,” India’s Sitharaman told Yahoo Finance in an interview in New York City. “Only because, at least in some parts it's passing through what is essentially our territory, which is under illegal occupation [by] Pakistan, which is the CPEC, which is a crucial part of the Belt and Road initiative itself.”Modi has responded to China’s advances in the region with what the Indian government Newport Cigarettes Shop calls a “neighborhood first” foreign policy centered around several of those countries.
And Modi is not alone. Countries outside of South Asia are also concerned about China’s BRI and have launched various programs to address their concerns, which revolve around whether China is engaging in debt-trap diplomacy or creating opportunities for corruption.
In the U.S., Congress recently passed a bill that created a Cheap Newport 100s cigarettes new U.S. development agency — the U.S. International Development Finance Corporation — that aims to offer what D.C.-based think tank CSIS calls a “private sector, market-based solution” to state-to-state lending issues that arise with China’s BRI.
The European Union and Japan have also signed a deal to build infrastructure projects around the world, covering sectors from transport to digital industries, aimed at countering the BRI.
In the meantime, the Chinese economy is slowing down — which has caused BRI spending to slow down. China’s GDP growth dropping last quarter to the lowest in nearly three decades.
