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China: Half of all Belt and Road projects affected by Covid-19 pandemic

15:50 | 19/06/2020

About 20% of projects under China's ambitious Belt and Road Initiative (BRI) to link Asia, Europe and beyond have been "seriously affected" by the Covid-19 coronavirus pandemic, a senior official from China's Ministry of Foreign Affairs said on Friday.

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china half of all belt and road projects affected by covid 19 pandemic
A display board showcasing China's sweeping infrastructure-building projects at the media center of the Belt and Road Forum in Beijing. Photo: Filepic

According to a survey by China's Ministry of Foreign Affairs, cited Reuters, about 40% of projects have seen little adverse impact, and another 30-40% have been somewhat affected, said Wang Xiaolong, director-general of the ministry's International Economic Affairs Department, at a press conference on Friday, June 19 in Beijing.

"The projection showed slower progress for some projects, while other projects have been put on hold due to restrictions on travel and the flow of goods, among others," he explained.

china half of all belt and road projects affected by covid 19 pandemic
Restrictions on travel and the flow of goods across borders, as well as local measures to combat COVID-19, were the main reasons for the impacts on projects. Photo: The Star

No more details of the projects and the countries involved were revealed by Wang; however, Reuters presented some data showing that over 100 countries have signed agreements with China to cooperate in BRI projects in a number of areas, including railways, ports, highways, and other infrastructure. According to a Refinitiv database, over 2,600 projects at a cost of $3.7 trillion are linked to the initiative.

"As the situation improves we have confidence that the projects will come back and the execution of them will speed up," he said, noting that the pandemic has created negative impacts, which were the main reasons for the projects' delay.

China has signed more than 170 agreements with 125 countries since 2019, according to the Guardian. Between 2013 and 2018, these deals totalled more than $90bn in Chinese investment.

china half of all belt and road projects affected by covid 19 pandemic
“About 20% percent of Belt and Road projects have been seriously affected,” Wang Xiaolong said. Photo: Reuters

The projects under the Belt and Road Initiative (BRI) are mainly related to infrastructure development in the transport, energy, mining, IT and communications sector but also cover industrial parks, Special Economic Zones (SEZ), tourism and urban development. Many of the BRI branded projects have already been started before 2013 but gained momentum under the Initiative.

BRI is often described as a 21st-century silk road, made up of a “belt” of overland corridors and a maritime “road” of shipping lanes.

china half of all belt and road projects affected by covid 19 pandemic
Map of the Belt and Road Initiative (BRI). Photo: CBC News
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