What are the challenges and risks of the Belt and Road construction

The Belt and Road Initiative brings unprecedented opportunities and challenges. The main risks include insufficient awareness of and preparation for risks at home; development traps faced by most countries along the route; geopolitical security and mutual trust issues; financial risks implicit in major infrastructure projects; challenges in the construction of overseas economic and trade cooperation zones; financial institutions may face the risk of defaulting on long-term debts; decision-making risks for governments at all levels and state-owned enterprises; and lack of broad participation of international financial institutions in construction projects. etc.