China's Belt and Road Initiative Funding Shortfall in Southeast Asia
By
Xiaolu Wang
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
China has faced challenges in fulfilling its infrastructure spending commitments in Southeast Asia, with a new report indicating that it has only delivered on slightly over a third of its projects, leaving a shortfall of more than $50 billion. The Belt and Road Initiative, a flagship program by Beijing, has encountered obstacles such as political instability and the global energy transition, resulting in the total expenditure in the region dropping to $29.6 billion between 2015 and 2021.