China pledged an eight-point infrastructure scheme as part of its next five-year Belt and Road Initiative (BRI) goal in a recent international forum in Beijing. In the third BRI forum opening address on Oct. 18, Chinese leader Xi Jinping promised a $47.8 billion financing pledge from Chinese development banks, “small yet smart” projects that entail 100 joint laboratories, and 100,000 training opportunities for partner countries by 2030. Without specifically naming the United States, Mr. Xi said China “opposed geopolitical rivalry, bloc politics, unilateral sanctions, economic coercion and decoupling, and supply chain disruption” in his address. Experts suspect BRI is unraveling, considering the country’s falling domestic economy and the series of Chinese real estate defaults, as up to 40 percent of bank loans in China are associated with real estate....Read more https://www.theepochtimes.com/china/chinas-belt-and-road-initiative-leads-to-debt-and-corruption-experts-5514675