China's Belt and Road Initiative hits $1 trillion but falters amid economic woes and pandemic

Xi Jinping's Belt and Road Initiative reached $1 trillion in investment in its first decade, but momentum has slowed recently due to China's economic problems.

The Covid pandemic dealt twin blows to the project as countries defaulted on loans and engagement plummeted.

Italy is set to exit the BRI by year's end, the first G7 member to do so, citing lack of economic benefits.

The US sees the BRI as in deep trouble due to China's reduced capital for lending.

Despite doubts, Global South leaders are attending the BRI summit to pledge support and seek financing from China.