China Faces $50 Billion ‘Belt and Road’ Shortfall in Southeast Asia

The Lowy Institute of Australia published a report on Wednesday that found China’s funding for its Belt and Road Initiative (BRI) projects in Southeast Asia is about $50 billion short of its commitments, apparently due to a variety of causes, from political instability in BRI countries to reduced demand for fossil fuel projects.

This aerial photo taken on April 26, 2023, shows a construction site of the East Coast Rai