One-fifth of Belt and Road projects ‘seriously affected’ by Covid-19 pandemic
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 coronavirus pandemic, an official from China’s Ministry of Foreign Affairs said on Friday. According to a survey by the ministry, 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 news briefing in Beijing. “About 20% percent of the projects have been seriously affected,” he said. Wang did not give any details. The results from the survey were better than expected and although some projects had been put on hold, China had not heard of any major projects being cancelled, he added.