Thursday, December 18, 2025 | 05:33 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Afghanistan may turn China's Belt and Road into a $282-bn creditor trap

The danger comes from instability in Pakistan, where Beijing banks have invested heavily. The Chinese still have nightmares about a major miscalculation in Venezuela

Taliban fighters. Photo: AP/PTI
premium

Taliban fighters. Photo: AP/PTI

Shuli Ren | Bloomberg Opinion
The hurried withdrawal of the U.S. from Afghanistan — the 1975 fall of Saigon déjà vu — has been heralded as a win for China and an opportunity for Beijing to extend its influence across the region. It’s even been raised as a lesson for Taiwan not to rely on American protection, in the eyes of the Global Times, a state-run tabloid. 
 
However, the ironic truth for China is that the only thing worse than U.S. soldiers near its borders is not having them there at all. Afghanistan is now a big headache for Beijing, which fears chaos there will