A top US diplomat said that there were reasons to question the generosity of China’s Communist Party after witnessing the ‘One Belt One Road’ (OBOR) initiative over the years. He also alleged that Beijing never supported globally recognized transparent procedures for lending.
OBOR is a global development strategy adopted by the Chinese government that includes infrastructure development and investment in 152 countries and international organizations in Asia, Europe, West Asia and the Americas. Acting Assistant Secretary of State for South and Central Asia, Alice Wells, said in a program at the Wilson Center think tank that China is pushing other countries in the world and certainly in South and Central Asia to sign OBOR agreements. For this, he is referring to things like peace, cooperation, openness, inclusiveness.
“It sounds good, but there are reasons to question the generosity of the Chinese Communist Party after watching the OBOR process over the years,” Well said. He said that China, for example, offers substantial funding in the form of loans but is not a member of the Paris Club and has never supported globally recognized transparent procedures for lending.