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Belt and Road Initiative (BRI)

BEIJING, Sept. 1, 2015-- Chinese President Xi Jinping, right, meets with Venezuelan President Nicolas Maduro in Beijing, capital of China, Sept. 1, 2015. (Xinhua/Li Xueren via Getty Images)

Maduro: China Agreed to Help Venezuela for One Million Barrels of Oil

Venezuelan dictator Nicolás Maduro told the nation in a televised press conference Tuesday that the funds he secured from the Communist Party of China during a visit to Beijing last week were not economic aid – Venezuela will pay for that money with at least one million barrels of oil.

Pakistan labourers arrange a welcome billboard featuring the Chinese and Pakistani national flags ahead of the forthcoming visit by Chinese President Xi Jinping in Islamabad on April 18, 2015. Pakistan needs a 'huge amount of financing' for infrastructure and energy projects and China is ready to announce help when President …

Chinese ‘Belt and Road’ Loans Cause Debt Crisis in Pakistan

The Wall Street Journal reported on Sunday that Pakistan is facing a debt crisis due to the enormous loans it has taken out for the Orange Line, an elevated railway in Lahore that is only the first installment in China’s $62 billion plan to bring its “Belt and Road” infrastructure initiative to Pakistan.