Coronavirus slows China's Belt and Road push

Description: 

"When President Xi Jinping made his first state visit this year to Myanmar and signed new infrastructure contracts, there was no indication of the obstacle about to trip up China’s plan for railways, ports and highways around the world: the coronavirus. Travel restrictions to prevent the spread of the disease, which has now killed more than 1,800 people, have idled much of the world’s second-largest economy and choked key elements of Xi’s signature Belt and Road Initiative (BRI). Chinese workers cannot get to overseas projects, and factories are cut off from the Chinese imports they need to keep running, according to more than a dozen company executives and officials. “Many factories in China remain closed; those that are open cannot reach full capacity,” said Boyang Xue, a China analyst at Ducker Frontier. “Since many BRI projects tend to source equipment and machinery from manufacturers based in China, the disruptions in industrial production and supply chain will cause further delays.” One giant project, China Railway International Group’s $6 billion high-speed railway in Indonesia, is on a war footing..."

Creator/author: 

Keith Zhai, Matthew Tostevin

Source/publisher: 

"Reuters" (UK)

Date of Publication: 

2020-02-18

Date of entry: 

2020-02-21

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar, China

Language: 

English

Resource Type: 

text

Text quality: 

    • Good