China is willing to speed up the strategic alignment between the Belt and Road Initiative with Laos development strategies, and promote the construction of China-Laos railway and the China-Laos economic corridor.
But the real game changer will be the Pan-Asia Railway Network, with separate routs via Vietnam and Cambodia, one through Laos and the third through Myanmar.
“It’s basically under the guise of internationalizing China, but it’s more about resource extraction and attaining materials.”
Currently, Vietnam is still awaiting the outcome of the first batch of BRI projects before making any further decisions.
The Digital Belt and Road (DBAR) International Center of Excellence Bangkok will focus on cooperation on climate change, disaster risk reduction, environmental research, capacity building, among others.
It now seems inevitable that Myanmar will grant the deep water port and SEZ development to China, despite community concerns.
The proposal will further develop China-Myanmar cooperation under the Belt and Road initiative.
China is pushing nations into projects that threaten to create unsustainable debt burden for those countries.
Costly China-led railway project offers questionable benefits to host
On Thursday, October 12th, policy makers from across Europe and Asia will join World Bank Group President for an event that examines BRI’s challenges and opportunities.