China

Shortly after Xi took control of China he instituted the Belt and Road Initiative (BRI). A program designed to loan money to various Africa and Asia countries to build infrastructure that would connect countries to facilitate trade and speed up supply chains. China would make loans to countries and in return get access to build military instillations. Many of these countries are now defaulting on the loans and China stands to lose billions. Many projects are left incomplete leaving the countries in debt to the point where many are going bankrupt. At the last G20 conference a number of nations with encouragement from the US laid plans for a similar project with trade routes from India to Europe. This was to compete with China's BRI. Will this also end up with bankrupt countries and incomplete projects.