Home / Business / China’s global Belt and Road plans are threatened by the growing tension with the U.S. as Romanian requests a company to stop the negotiation with its Chinese partner

China’s global Belt and Road plans are threatened by the growing tension with the U.S. as Romanian requests a company to stop the negotiation with its Chinese partner

As tension between China and the U.S. increases, China’s global belt and road plan will be obstructed as most countries tend to stand with Washington.

Being one of the strong ally of the U.S., the Romanian government requested a nuclear company Nuclearelectrica to terminate negotiations with its Chinese partner on the construction of two nuclear reactors.

A memorandum was signed five years ago by Nuclearelectrica and China General Nuclear (CGN). GCN agreed to develop a joint venture to develop, build and operate two reactors. The Chinese company has at least 51 percent of the project, which was part of plans in the Belt and Road Initiative.

The prospect has become uncertain after the presidents of Romania and the United States had a joint declaration last year. Two countries agreed to have a closer cooperation in nuclear energy. Romanian Prime Minister Ludovic Orban also warned his government that the cooperation with Chinese company “is not going to work”.

Jakub Jakobowski, a research fellow at the Centre for Eastern Studies in Warsaw said many countries decide to partially give up the relations with China to lend on Washington and Brussels. Most of them are hoping to strengthen their bonding with Washington in cooperation on contentious projects like 5G and critical infrastructure projects.

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