China's Belt and Road Initiative Turns 10 But Faces Uncertain Future Amid Slowing Economy and Criticism

China celebrated the 10th anniversary of the Belt and Road Initiative (BRI) this week, but its future is uncertain due to fewer investments and a slowing economy.

The BRI has provided over $1 trillion in infrastructure investments globally but has been criticized for debt trap diplomacy, corruption, and environmental impact.

China's economic growth has slowed, making its banks more risk-averse, which reduces funding for BRI projects.

BRI projects are shifting toward smaller investments and greener infrastructure.

The U.S. and partners like India are promoting alternatives like the Partnership for Global Infrastructure to counter the BRI.