You are here: Home » News-IANS » Diplomacy
Business Standard

China rejects India's study about Belt and Road facing 'push back'

IANS 

on Tuesday rejected a report that its ambitious Belt and Road project was "facing a push back" by in India's neighbourhood like and

It also sought to play down the reported cancellation of Chinese-funded dam and hydropower projects by and Nepal, respectively.

A report in an Indian newspaper cited India's Foreign Affairs Ministry's study that due to Beijing's "unacceptable conditions", its trillion-dollar Belt and Road programme was "facing a push back" from and that have pulled the plug on Chinese-funded projects.

Beijing's ally scrapped Diamer-Bhasha dam, while junked the 750-MW West Seti hydropower project.

"The information about the above-mentioned project reported by the media is false," said

"The dam project was not included in the and the hydropower plant in is still in negotiation.

"As to the blacklisting of Harbour Engineering company is also false," Hua said, referring to the reported charges against the firm for bribing government officials in

In 2018, slashed the budget for a major railway project under the Beijing-funded China-Pakistan Economic Project (CPEC), citing its inability to repay the Chinese loans.

opposes the multi-billion CPEC as its planned routes cut through the disputed held by Pakistan.

has spent over $60 billion in Pakistan under the CPEC, the lynchpin to its Belt and Road.

"All the projects are the outcome of equal negotiation and difficulties encountered by certain projects do not change the fact that the Belt and Road cooperation has played a positive role in promoting economic development," Hua said.

"And we also follow the market principles and established international rules... we will never impose our will on others and there are no so-called unacceptable conditions."

China aims to connect Asia, and through a vast network of highways, sea lanes and ports under the Belt and Road project.

It plans to spend about a trillion dollar in over 65 under the project, which many, including India, see as Beijing's geostrategic design. However, China says the project is purely economic in nature.

also worries China doling out loans to the in its neighbourhood could push them into a debt trap.

(can be contacted at sharmagaurav71@gmail.com)

--IANS

gsh/soni/

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, February 12 2019. 18:48 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU