It's billed as the new Silk Road , but China's Belt and Road Initiative is much more ambitious than that, as countries on every continent have signed up to partner with Beijing on massive infrastructure projects. From Jamaica to New Zealand and Pakistan to Uruguay, countries have rushed to get their hands on some of the $70 billion in investments and $400 billion in loans that China is dangling to attract potential partners. Not all, however, is going according to plan. New Delhi , for one, has conspicuously avoided Beijing's overtures to join the initiative amid fears that China will encircle South Asia's biggest country by coaxing the latter's neighbors to sign up for the project. Indeed, Nepal, Bhutan, Sri Lanka and, most prominently (and distressingly, from New Delhi's perspective) Pakistan have all demonstrated their eagerness to participate.