In a move that has been made to counter the decreasing influence of China in the region, the People’s Republic of China is now reportedly offering satellite service to the member countries of the Belt and Road Initiative (BRI). Readers should note that China’s BRI project has seen a lot of distrust and protests across the world after reports of debt trapping and failed infrastructure projects became common across multiples projects in Asia and Africa. Here are the details you need to know about China’s recent move.
China’s Belt and Road Initiative
The Belt and Road Initiative of China, which was earlier known as One Belt One Road is a global infrastructure development strategy by China. Launched in 2013, the main objective of the project was to connect Southeast Asia, Central Asia, the Gulf region, Africa and Europe through land and sea routes. However, experts say that due to the above mentioned reasons, the dream project of the Chinese government led by President Xi Jinping did not see a lot of success.
China offers satellite to BRI countries
In the latest development, Chinese satellite manufacturer Chang Guang Satellite Technology Company has begin offering its services to countries involved in the Belt and Road Initiative. Chang Guang is one of the few Chinese aerospace companies that is one of the biggest but banned by US in the year 2023.
Moreover, the Chinese company has also indicated that the will be available for sale to countries like Pakistan, Sri Lanka and Egypt, which are partners in China’s Belt and Road project, a report by Navbharat Times said.
China pushes ahead with BRI projects in Myanmar
In another significant development relating to China’s BRI, it has been reported that China is pressing ahead with its projects in Myanmar. Analysts believe that the aggressive approach is aimed at increasing Beijing’s foothold in the region, as per a report by mews agency IANS.
“China is trying to further its interest in Myanmar through BRI projects that include the China-Myanmar Economic Corridor, hydropower, cross-border industrial zones, and connectivity, such as high-speed railway networks and the Kyaukphyu deep seaport. These projects have been grappling with delay due to conflict in the region,” Myanmar’s leading media outlet Irrawaddy reported in March this year.
(With inputs from agencies)
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