Essay on one belt one road initiative

Chinese drug lords are investing in Beijing's Belt and Road Initiative to launder tens of millions of dollars made from trafficking cocaine, methamphetamine and heroin in Australia, classified intelligence documents reveal. Three of Australia's biggest organised crime kingpins have taken illicit drug-trade cash and washed it through Beijing-backed infrastructure projects across Africa and the Middle East. News Corp reported that joint investigations by the Australian Federal Police and Australian Criminal Intelligence Commission have uncovered these 'investment' deals are often made in terms 'favourable to the host', who are ignorant of the source of the funds. The revelation comes two days after Foreign Minister Marise Payne announced the federal government would use its veto power to tear up the Victorian state government's Belt and Road deal with China - sparking a backlash from Beijing and threats of legal action.
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Belt & Road Initiative (BRI) of China – Will it Benefit India?

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Belt And Road Initiative Essay - Words | Bartleby

That deal was signed in March , 18 months before the first BRI deal was signed. But Andrews maintained that deals with China, such as the BRI, posed no threat to national security and were about generating employment opportunities. Under the BRI, Beijing is reported to significantly undercut foreign companies for infrastructure bids and provide unserviceable loans to developing countries that can barely afford the projects. The federal government canceled the four deals under the Foreign Relations Act, which has been in operation since December Under the new laws, states, territories, local governments, and Australian public universities must notify the foreign affairs minister of existing and proposed foreign arrangements.
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One Belt One Road (OBOR)

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